Stocks finished 2013 on an upswing, withstanding some light
profit-taking late to carry the Dow Jones Industrial Average and
the S&P 500 to record highs. Gains were supported by new
economic data showing a continued rebound in the housing market and
consumer confidence rising back to pre-federal government shutdown
levels. Most sectors in the S&P 500 were higher, led by a big
advance for energy stocks despite crude oil again easing from its
recent peak above $100 per barrel.
U.S. consumer confidence jumped this month, nearly returning to
levels seen prior to the partial government shutdown in October as
improving job prospects and economic growth bolstered consumer
attitudes. The Conference Board said its index of consumer
confidence rose to 78.1 in December, up from 72 in the previous
month. November's figure was revised up from 70.4. The December
increase followed three months of declines.
Also today, the S&P Case-Shiller home price index for 20
U.S. cities climbed 1.05% month-over-month during October. On a
year-over-year basis, home prices were up 13.61% - the biggest gain
since February 2006. Both figures topped market expectations, with
experts polled by Thomson Reuters expecting a 0.95%
month-over-month rise and a 13.45% year-over-year gain.
September figures also were revised slightly downward but still
showed solid gains for the month.
Crude oil for February delivery settled 87 cents lower at $98.42
per barrel while February natural gas slid 20 cents to $4.23 per 1
million BTU. February gold fell $1.20 at $1,205.80 per ounce after
earlier falling to a six-month low at $1,182. March silver was down
24 cents at $19.34 per ounce. March copper rose a penny to $3.40
Here's where the U.S. markets stood at end-of-day:
Dow Jones Industrial Average up 72.37 (+0.44%) to 16576.66
S&P 500 up 7.29 (+0.40%) to 1848.36
Nasdaq Composite Index up 22.39 (+0.54%) to 4176.59
Hang Seng Index up 0.26%
Shanghai China Composite Index up 0.88%
FTSE 100 Index up 0.26%
(+) HTZ, Company takes on a 1-year poison pill. Analysts believe
the move by the company could suggest activist involvement.
(+) ONVO, SeekingAlpha story late Monday said an investment in
ONVO is better than an investment in 3D Systems (
(+) CXM, Reports positive findings from its clinical study of
Generx product candidate for coronary artery disease and of its
Excellagen wound care product.
(-) UNXL, President and chief executive, Reed Killion, resigns
from the company and its board to pursue other interests.
(-) STSI, Receives a warning letter from the U.S. Food and Drug
Administration regarding Anatabloc and CigRx, which are marketed by
(-) BORN, Company is contacted by the New York Stock Exchange
regarding the unusual market activity in its American depository
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.