Dow adds 95 points, S&P, Nasdaq slip
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U.S. stocks eased from record highs as investors wind down the final trading days of the year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 44722.06 | -138.25 | -0.31% |
| SP500 | S&P 500 | 5998.74 | -22.89 | -0.38% |
| I:COMP | NASDAQ COMPOSITE INDEX | 19060.475899 | -115.10 | -0.60% |
The S&P 500, which hit a fresh record earlier in the day, pulled back by 0.1%, as did the Nasdaq Composite which fell 0.5%. The Dow Jones Industrial Average gained over 95 points or 0.26% led by Disney and Boeing.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 117.60 | +2.15 | +1.86% |
| BA | THE BOEING CO. | 152.40 | +1.64 | +1.09% |
In economic data, the Case-Shiller Index rose 18.4%, the fifth-largest annual gain on record, with Phoenix, Tampa and Miami registering the biggest home price increases.
Although oil crossed above the $76 per barrel level, energy stocks ended the session lower.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND - USD ACC | 71.72 | +0.11 | +0.15% |
| XOM | EXXON MOBIL CORP. | 117.62 | -0.36 | -0.31% |
| CVX | CHEVRON CORP. | 162.11 | -0.42 | -0.26% |
Apple remains on the radar as it nears the $3 trillion in market value, the milestone would be a first for a U.S. company. Microsoft is the second company in the running to join the club.
Separately, the retailer also announced New York City stores would operate with reduced services due to omicron.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 234.93 | -0.13 | -0.06% |
| MSFT | MICROSOFT CORP. | 422.99 | -5.00 | -1.17% |
Tesla got a bullish nod from Wedbush analyst Dan Ives. "Tesla is in a clear position of strength heading into 2022 with an inflection point year ahead," he wrote adding the stock could rise as high as $1,800. Still, shares ended the session lower.
Other electric-vehicle makers dipped.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 332.89 | -5.34 | -1.58% |
| NKLA | NIKOLA CORP. | 1.96 | +0.01 | +0.51% |
| LCID | LUCID GROUP INC. | 2.17 | +0.04 | +1.64% |
Software maker F5 rose after Needham analysts coined the stock the "single best idea" for the coming year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| FFIV | F5 INC. | 250.07 | -1.85 | -0.73% |
Shares of Coinbase and related crypto currency exchange-traded funds were under pressure as Bitcoin fell back below the $50,000 level.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COIN | COINBASE GLOBAL INC. | 310.98 | +17.69 | +6.03% |
| BITO | PROSHARES BITCOIN STRATEGY ETF - USD DIS | 25.99 | +1.59 | +6.52% |
| BITQ | BITWISE CRYPTO INDUSTRY INNOVATORS ETF - USD DIS | 20.70 | +1.60 | +8.38% |
Ethereum also tumbled in sympathy.