Morning Market Report - December 31, 2019
Futures Calm Heading into Final Trading Day of 2019
The S&P 500 entered Tuesday’s session up 28.5% for 2019, on pace for its biggest one-year gain since 2013, when it rallied 29.6%.
Stocks surged in 2019 despite the ongoing U.S.-China trade war as the Federal Reserve cut rates three times while consumer sentiment remained high. Trade tensions also declined in the fourth quarter after China and the U.S. agreed to sign a so-called phase one trade deal sometime next month.
Apple and Microsoft led the way higher for stocks in 2019, rallying 84.4% and 55.2%, respectively. They are the best-performing Dow stocks of the year and accounted for about 15% of the S&P 500′s overall gains for 2019.
Chipmakers Advanced Micro Devices, Lam Research and KLA Corp. were the best-performing S&P 500 stocks in 2019. AMD and Lam Research both rose more than 100% for the year while KLA surged 99.3%. Retailer Target and fast-casual dining chain Chipotle Mexican Grill also rallied more than 90% this year.
Tuesday also marked the final trading day of the decade. Over the past 10 years, the S&P 500 has surged more than 188%.
Source: CNBC
Stocks surged in 2019 despite the ongoing U.S.-China trade war as the Federal Reserve cut rates three times while consumer sentiment remained high. Trade tensions also declined in the fourth quarter after China and the U.S. agreed to sign a so-called phase one trade deal sometime next month.
Apple and Microsoft led the way higher for stocks in 2019, rallying 84.4% and 55.2%, respectively. They are the best-performing Dow stocks of the year and accounted for about 15% of the S&P 500′s overall gains for 2019.
Chipmakers Advanced Micro Devices, Lam Research and KLA Corp. were the best-performing S&P 500 stocks in 2019. AMD and Lam Research both rose more than 100% for the year while KLA surged 99.3%. Retailer Target and fast-casual dining chain Chipotle Mexican Grill also rallied more than 90% this year.
Tuesday also marked the final trading day of the decade. Over the past 10 years, the S&P 500 has surged more than 188%.
Source: CNBC
Market Action to Start Trading
VIX
Gold
Crude Oil
Bonds
Notes
Stocks Making Moves this Morning Pre-Market
