FYI: U.S. stocks were little changed in thin afternoon trading on the final day of what is shaping up to be the worst year since the financial crisis. Treasuries rose and oil erased gains.
The swings buffeting stocks left major indexes firmly in the red for 2018, even with their New Year’s Eve rally. The Dow Jones Industrial Average climbed 264 points, or 1.1%, to 23328 on Monday. The S&P 500 added 0.85% and the Nasdaq Composite rose 0.77%.
For the year, the Dow industrials were down 5.7%, the S&P 500 off 6.2% and the Nasdaq down 3.8%.
The S&P 500 rose on optimism that President Donald Trump will move toward a trade deal with China, denting losses that have it on track for the biggest December rout since 1931. Trading was 27 percent below average at this time of day. Treasury markets closed early for New Year’s eve, with the 10-year rate at a 10-month low. Equity trading will end at 4 p.m. The stock benchmark is mired in its worst month since February 2009 and the worst year since 2008.
All of the eleven S&P 500 Sectors, led by Healthcare, and Consumer Discretionary, were in the green for the final trading day of 2018.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-rise-to-end-turbulent-2018-11546247179?mod=hp_lead_pos1Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-12-31/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-12-30/asian-stocks-may-get-relief-after-trump-xi-talk-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/us-stock-futures-climb-over-trade-deal-hopes-in-last-session-of-2018-2018-12-31/printIBD:
https://www.investors.com/market-trend/stock-market-today/stocks-today-bears-dow-jones-in-2019/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-falters-after-strong-start-to-wrap-up-a-rocky-2018-idUSKCN1OU0NCCNBC:
https://www.cnbc.com/2018/12/31/stock-market-wall-street-stocks-eye-us-china-trade-talks.htmlU.K.:
https://www.marketwatch.com/story/ftse-100-slinks-into-end-of-worst-year-for-stocks-since-2008-2018-12-31/printEurope:
https://www.marketwatch.com/story/european-stocks-finish-higher-on-last-day-of-a-dismal-year-for-investors-2018-12-31/printAsia: (Most Asian Markets Closed)
https://www.marketwatch.com/story/hong-kong-stocks-rise-in-abbreviated-asian-trading-day-2018-12-30/printBonds:
https://www.cnbc.com/2018/12/31/bond-market-yields-under-pressure-as-market-volatility-continues.htmlCurrencies:
https://www.cnbc.com/2018/12/31/sterling-leads-fx-gains-against-struggling-dollar-.htmlOil:
https://www.cnbc.com/2018/12/31/brent-crude-rises-but-set-for-first-yearly-drop-since-2015.htmlGold
https://www.cnbc.com/2018/12/31/gold-set-for-first-annual-decline-in-three-years.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
