After touching a record high in intraday trading, the Dow ended the day just below breakeven, snapping a four-session win streak. However, the S&P and Nasdaq both finished at record closing highs, and have yet to end a session in 2018 in the red. A rally in several tech and retail stocks helped push the indexes higher, though bank stocks pulled back ahead of the start of fourth-quarter earnings season.
Continue reading for more on today's market, including:
- Breaking down stocks' best start to a year in over a decade.
- How President Oprah sent this stock skyrocketing.
- The latest stock boosted by blockchain .
- Plus, Nvidia's new partner; an upbeat note for Albemarle; and the meal delivery stock with options at a bargain.
The Dow Jones Industrial Average (DJI - 25,283.00) ended its winning streak, dropping 12.9 points, or 0.1%. Caterpillar ( CAT ) led the 14 Dow winners with a 2.5% gain, Intel ( INTC ) finished flat, and UnitedHealth ( UNH ) paced the losers with a 1.7% loss.
The S&P 500 Index (SPX - 2,747.71) added 4.6 points, or 0.2%, for the day, while the Nasdaq Composite (IXIC - 7,157.39) picked up 20.8 points, or 0.3%.
The CBOE Volatility Index (VIX - 9.52) closed up 0.3 point, or 3.3%, on the day.
5 Items on Our Radar Today
- GoPro has reportedly hired JPMorgan Chase to help it undergo a potential sale. The speculation comes just after the company announced job cuts and a dismal fourth-quarter forecast. ( CNBC )
- Toyota made a monumental step forward in a driver-less economy after signing on companies such as Pizza Hut, Amazon, Uber, and more, to its mobility alliance . This alliance will help to develop vehicles that will deliver consumer orders worldwide, and is a "major step forward in our evolution towards sustainable mobility," said Toyota President Akio Toyoda at the Consumer Electronics Show. ( Bloomberg )
- The online delivery service that could reward option bulls .
- Analysts: Expect another big year for Albemarle stock.
- The partnership that sent Nvidia stock to a fresh record high .
There were no earnings of note today.
Data courtesy of Trade-Alert
Crude Manages to Move Up, Gold Snaps Record Winning Streak
Gold ended its record 12-session winning streak today, as the dollar strengthened slightly. February-dated gold finished the day $1.90, or 0.1%, lower, to $1,320.40 per ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.