All three major indexes were lower midday
A Santa Claus rally is still in play, albeit barely. Amid lighter volume, the Dow pared a triple-digit loss at its session lows, capturing a fifth-straight win. While the S&P 500 and Nasdaq also fought their way back into positive territory, both finished marginally in the red, though the tech-heavy latter managed to hold the psychologically-significant 20,000 level.
Continue reading for more on today's market, including:
- Is there any hope for this pharmacy stock?
- Crypto stocks took a hit today.
- Plus, UBER cools off; Delta earnings loom for 2025; and prepping for the New Year.
5 Things to Know Today
- Holiday spending continues to rise year-over-year. (MarketWatch)
- No, China is not interfering with the Panama Canal. (Bloomberg)
- Uber suffers a buyout setback.
- Delta stock looking to buck post-earnings trend.
- Real estate data defines first week of 2025.
There were no earnings of note today.
Gold Lifted by Low-Volume Session
The increased prospects of China stimulus measures sent oil prices higher today. February-dated West Texas Intermediate (WTI) crude added 48 cents, or 0.7%, to settle $69.62 per barrel.
Light trading volumes and safe-haven demand boosted bullion today. Gold for January delivered added 0.7% to settle around $2,64.60 an ounce.