Trading was pretty ugly on Monday. Although markets were open for a short trading session, stocks had their worst day before Christmas on record.
But today, stocks bounced back with their best day since March of 2009!
Trading was cautious at the open. After a higher open, stocks rallied for 10 minutes then retreated. The DOW and S&P pushed into negative territory late morning and stocks then traded sideways.
But around 11am, stocks shot higher and never looked back.
By the end of the day, the major indices were higher by 5.0% across the board!
Today’s 1,086 point gain in the DOW was pretty impressive. This is the best single day point gain ever!
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Here’s where the major indices ended the day:
- The S&P finished with a 5.0% gain. Up 117 points, the S&P ended at 2,468.
- The DOW ended higher by 5.0%. Adding 1,086 points, the DOW closed at 22,878.
- The NASDAQ was up 5.8%. With a 361 point gain, the NASDAQ finished at 6,554.
- Bitcoin finished lower by 7.6%. Down $310, Bitcoin ended at $3,760.
Crude Oil (CL) rallied back above $46 after a monster day. Up 8.5%, CL ended at $46.14 a barrel.
Amazon (AMZN) was up 9.5% today after record breaking holiday sales.
And Mastercard (MA) reported sales from November 1st through December 24th that were the best year-over-year increase since 2011.
Today’s gains in Amazon (AMZN), Microsoft (MSFT), Apple (AAPL), Google (GOOGL), Facebook (FB) andNeftlix (NFLX) accounted for a whopping $242.7 billion in added market capitalization.
Source: RockwellTrading by Markus Heitkoetter | Original Link