Closing Recap
Thursday, December 26, 2024
|
Index |
Up/Down |
% |
Last |
|
DJ Industrials |
28.77 |
0.07% |
43,325 |
|
S&P 500 |
-2.45 |
0.04% |
6,037.59 |
|
Nasdaq |
10.76 |
0.05% |
20,020 |
|
Russell 2000 |
20.33 |
0.90% |
2,280 |
U.S. stocks shook off some weakness in the overnight session and finished roughly flat amid an otherwise sleepy trading day on Wall Street. Volumes were light but hopes for a continuation of the famed “Santa Rally” were quite present. The Russell 2000 led the advance today, a notable change as breadth was positive; advancers outpaced decliners by a 1.4:1 ratio. Bitcoin showed up to work Thursday with a post-Christmas hangover, down 4% for the day at the time of post. Treasury yields reversed broadly across the curve, showing overnight strength but ending the trading day well off their highs, mostly flat-to-lower. The 10y yield had reached its highest level (4.639%) since May of this year prior to ending the session in red territory, slightly lower (4.579%). Mixed performance from the S&P sectors, indicative of a largely unchanged session overall. Consumer staples, real estate, and technology led the gains. Energy and utilities lagged.
Economic Data
- Weekly Jobless Claims fell to 219K from 222K (consensus 224K (previous 220K); the 4-week moving average climbed to 226,500 Dec 21 week from 225,500 prior week (previous 225,500); Continued Claims climbed to 1.910M (highest in 3-years) from 1.864M prior week; the US Insured Unemployment Rate climbed to 1.3% from 1.2% prior week (prev 1.2%).
|
Macro |
Up/Down |
Last |
|
WTI Crude |
0.48 |
69.62 |
|
Brent |
0.32 |
73.26 |
|
Gold |
18.40 |
2,653.90 |
|
EUR/USD |
0.001 |
1.0414 |
|
JPY/USD |
0.56 |
157.96 |
|
10-Year Note |
0.006 |
4.579% |
Market commentary provided by Hammerstone Markets, Inc, a firm separate from and not affiliated with Regal Securities. Regal Securities has not participated in the creation of the content, and does not explicitly or implicitly endorse the content.