All eyes now turn to the Federal Reserve meeting kicking off tomorrow
Stocks were mostly higher today, though the Dow extended its losing streak to six-year proportions. Despite bouncing off session lows and briefly entering the black, the blue-chip index ultimately finished lower for the eight-straight day, its longest losing streak since June 2018. The S&P 500 and Nasdaq both secured wins, the latter notching a record close as tech stocks steady themselves ahead of the Fed meeting tomorrow.
Continue reading for more on today's market, including:
- 3 lithium stocks to watch next year.
- Honeywell stock buzzing amid spinoff rumors.
- Plus, Ford downshifted; new NDX additions; and a sports betting stock to target.
5 Things to Know Today
- The Trump administration plans to roll back electric vehicle (EV) tax credits. (CNBC)
- Canada's finance minister just abruptly quit. (Bloomberg)
- Analyst: Ford facing inventory build-up.
- Keep tabs on these new Nasdaq-100 additions.
- Buy the dip on DraftKings stock.
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Commodities Quiet to Start the Week
Oil prices fell today, after retail sales growth in China dulled demand prospects. February-dated West Texas Intermediate (WTI) crude shed 58 cents, or 0.8%, to settle at $70.71 per barrel.
Gold prices finished lower amid geopolitical tension, but remain stable ahead of the Fed meeting. For the session, gold for December delivery lost 0.2% to settle at $2,670 an ounce.