The KUIK Closing Market Report for Thursday, December 1:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
68
points
19,192
2:30 PM
S&P500
Down
-0.4%
percent
2,191
0.43
Nasdaq Composite
Down
-1.4%
percent
5,251
0.83
30 Year Treasury
Up
8
Basis Points
3.10
Annual Yield
Two key reasons the Dow Jones Average is up today when the other indexes are down–Treasury yields spurred buying in financial stocks as Goldman Sachs reached a nine-year high adding 2.5% and Chevron soared 2.2% to a two-year. Crude oil prices extended their surge above the $50-a-barrel mark. Those two stocks were adding the majority of points to the Dow today. Meanwhile, the S&P 500 was down 0.4%, the NASDAQ was declining 1.4%, while the Russell 2000 Index fell 1/2 percent.
Serving the West Side first I am Mike Elerath of BR Capital for 1360 KUIK.
