US stocks close mixed after choppy session

Follow us on Google News:
 US stocks close mixed after choppy session
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Benchmark US indices closed mixed on Wednesday, December 29, after a choppy trading session as traders took a breather ahead of the New Year holidays.     


The S&P 500 climbed 0.14% to 4,793.06. The Dow Jones rose 0.25% to 36,488.63. The NASDAQ Composite fell 0.10% to 15,766.22, and the small-cap Russell 2000 was up 0.07% to 2,248.18.

Omicron’s less-severe symptoms have rekindled optimism in the markets. But traders seemed to have paused their bullish trading activities as the New Year nears.

Nine of the 11 sectors of the S&P 500 stayed in the green. Healthcare, consumer staples, and real estate sectors were the top gainers. Energy and technology stocks were the laggards.

Tesla, Inc. (TSLA) stock was up 0.40% after CEO Elon Musk exercised his final batch of stock options that were due to expire in 2022. He sold around US$15.7 million shares since Nov 8.

Micron Solutions Inc (MICR) stock jumped over 9% in intraday trading after its rival Samsung Electronics announced to suspend production in China factory amid surging Covid-19 cases.    

Calix, Inc (CALX) stock rose more than 15% on inclusion in the S&P MidCap 400 index from Jan 4. The TuSimple Holdings Inc (TSP) stock fell over 10% after completing its first test drive of its fully autonomous semi-truck on public roads without human invention.

In the healthcare sector, UnitedHealth Group Incorporated (UNH) climbed 0.69%, Johnson & Johnson (JNJ) rose 0.86%, and Eli Lilly and Company (LLY) gained 0.92%. Thermo Fisher Scientific Inc (TMO) and Abbott Laboratories (ABT) surged 1.37% and 0.64%, respectively.

In the consumer staples sector, Procter & Gamble Company (PG) stock gained 1.17%, Walmart Inc. (WMT) gained 0.12%, and Coca-Cola Company (KO) rose 0.28%. Costco Wholesale Corporation (COST) and PepsiCo Inc. (PEP) increased by 0.61% and 0.56%, respectively.

In the energy sector, Exxon Mobile Corporation (XOM) plunged 0.51%, Chevron Corporation (CVX) declined 0.15%, and Schlumberger N.V. (SLV) fell 1.16%. Marathon Petroleum Corporation (MPC) and Phillips 66 (PSX) were down 0.54% and 1.08%, respectively.

The global cryptocurrency market was down 0.97% to US$2.24 trillion in market capitalization, according to coinmarket.com. Bitcoin (BTC) fell 1% to US$47,545.59 at 3:45 pm ET.

Also Read: Victoria's Secret (VSCO) stock rallies after share buyback plan

Image description: Healthcare and consumer staple sectors were the top movers in the S&P 500 index on Wednesday.

Also Read: Yearender: A look at top 5 technology ETFs of 2021

Nine of the 11 stock segments of S&P 500 index remained in the green.

Also Read: Yearender: Top EV stocks that continue to hog limelight

Futures & Commodities

Gold futures declined 0.29% to US$1,805.65 per ounce. Silver futures decreased by 1.05% to US$22.878 per ounce, while copper declined 0.39% to US$4.4158.

Brent oil futures increased by 0.60% to US$79.14 per barrel and WTI crude futures were up 0.64% to US$76.47.

Bond Market

The 30-year Treasury bond yields increased 3.21% to 1.963, while the 10-year bond yields were up 4.52% to 1.548.

US Dollar Futures Index declined 0.33% at US$95.885.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Featured Articles