Market Recap - January 8, 2020
Stocks Rise with S&P and Nasdaq Reaching Record Levels
Stocks rose on Wednesday after President Donald Trump’s comments on the Iran conflict eased worries of further escalation in U.S.-Iranian tensions.
The Dow was up as much as 282 points, or 1%. The S&P 500 and Nasdaq gained as much as 0.9% and 1.1%, respectively. In the final minutes of trading, the major averages came off their highs amid unconfirmed reports of explosions near Baghdad’s Green Zone.
U.S. West Texas Intermediate crude dropped 4.9% to $59.61, its first time below $60 a barrel since Dec. 16.
Private payrolls rose by 202,000 in December vs. the 150,000 estimate, according to ADP and Moody’s Analytics. The report comes ahead of Friday’s government nonfarm payrolls release, which is expected to show an addition of 160,000 jobs.
Closing numbers for major indices:
Dow 30: 28,745.09 +161.41 (+0.56%)
Nasdaq: 9,129.24 +60.66 (+0.67%)
S&P 500: 3,253.05 +15.87 (+0.49%)
Commodity prices:
Oil: 60.11
Gold: 1,556.50
Silver: 18.14
Notes and Bonds:
10 year Note: 1.862%
30 Year Bond: 2.346%
Currencies:
USD Index: 97.30
The Dow was up as much as 282 points, or 1%. The S&P 500 and Nasdaq gained as much as 0.9% and 1.1%, respectively. In the final minutes of trading, the major averages came off their highs amid unconfirmed reports of explosions near Baghdad’s Green Zone.
U.S. West Texas Intermediate crude dropped 4.9% to $59.61, its first time below $60 a barrel since Dec. 16.
Private payrolls rose by 202,000 in December vs. the 150,000 estimate, according to ADP and Moody’s Analytics. The report comes ahead of Friday’s government nonfarm payrolls release, which is expected to show an addition of 160,000 jobs.
Closing numbers for major indices:
Dow 30: 28,745.09 +161.41 (+0.56%)
Nasdaq: 9,129.24 +60.66 (+0.67%)
S&P 500: 3,253.05 +15.87 (+0.49%)
Commodity prices:
Oil: 60.11
Gold: 1,556.50
Silver: 18.14
Notes and Bonds:
10 year Note: 1.862%
30 Year Bond: 2.346%
Currencies:
USD Index: 97.30
Charts of the Day
ES
VIX
Gold
Crude Oil
30 Year Bond Chart
10 Year Note
Tom O'Brien's Daily Market Recap TigerTV Market Update
Stocks on the move today
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Tommy O'Brien
TFNN
Catch up on all of Monday's shows by visiting our TFNN YouTube page and don't forget to subscribe!
Thanks,
Tommy O'Brien
TFNN