December 31, 2024 16:19 GMT
US STOCKS: Early Equities Roundup: Double Digit Gains For 2024
US STOCKS
- Stocks cling to mildly mixed levels in quiet year end trade Tuesday. Though off this year's record highs (SPX Eminis 6178.75, DJIA 45,073.63, Nasdaq 20,204.58) major averages will finish the year with double digit gains: SPX Eminis +19.5%, DJIA +13.1%, while the Nasdaq gained 29.9%!
- Currently, the DJIA trades up 20.69 points (0.05%) at 42594.86, S&P E-Minis down 8 points (-0.13%) at 5951.25, Nasdaq down 52.5 points (-0.3%) at 19435.7.
- Energy and Real Estate sectors outperformed in the first half, oil & gas stocks buoyed the Energy sector as crude prices continued to rise (WTI +0.69 at 71.68): APA Corp +3.12%, Marathon Petroleum +2.52%, Occidental Petroleum +2.15%.
- Shares of specialized and industrial REITs supported the Real Estate sector: Crown Castle and Healthpeak Properties both +1.40%, Weyerhaeuser +1.11%, SBA Communications +1.07%.
- On the flipside, Information Technology and Communication Services shares underperformed early Tuesday, shares of software and semiconductor makers weighed on the tech sector: Crowdstrike Holdings -0.80%, Fortinet -0.63%, Nvidia -0.60%.
- Interactive media and entertainment shares weighed on the Communication Services sector: Live Nation -0.58%, Netflix -0.36%, T-Mobile -0.06%.
- Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.
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