Markets Mixed On Unexpected Japan GDP Drop

The U.S. markets were mixed after Japan’s third-quarter GDP unexpectedly contracted dropping 1.6% quarter-over-quarter sending the country into a technical recession following last period’s drop of 7.3%.

Market Radar - % Change

After rallying more than 2% last Friday, Nymex Crude Oil resumed its slide dropping $0.18 to settle at $75.64 per barrel down 0.24%.  Gold prices also fell slightly as the precious metal lost $2.10 to settle at $1,183.50 per ounce down 0.18%.

The major indexes were mixed with the Dow Jones Industrial Average closing within five points of a new all-time high at 17,647.75 up 13.01 points or 0.7%.  The S&P 500 did hit a new all-time high, the 42nd this year, closing at 2,041.32 up 1.50 points or 0.07%.

The NASDAQ Composite ended the day in negative territory closing at 4,671.00 down 17.54 points or 0.37%.  The Tech heavy NASDAQ 100 also fell losing 11.2 points to close at 4,213.23 down 9.58 points or 0.27%.

The Small cap Russell 2000 was hit the hardest falling 0.82% to close at 1,164.23 down 9.58 points.  The Fox 50 was mostly flat closing at 1,443.97 down .20 points or 0.01%.