Sluggish holiday trading resulted in a flat close Monday. But despite the lack of volume, the Dow set another record close while the S&P 500 was unchanged. It was the 51st time this year that the Dow set a new closing high, according to The Wall Street Journal.
Part of the reason for the trading lethargy was the shortfall in housing starts. Pending home sales for November were expected to gain 1% in November and instead improved by just 0.2%.
At the close, the Dow Jones Industrial Average rose 26 points to 16,504, the S&P 500 was unchanged at 1,841, and the Nasdaq fell 2 points to 4,154. The NYSE traded total volume of 2.2 billion shares, and the Nasdaq crossed 1.3 billion shares. Advancers and decliners were even on the Big Board, but on the Nasdaq, there were slightly more decliners.
On the last day of what has been a magnificent year for stocks, I wish all of my readers a very happy New Year filled with many blessings. Thank you for your many comments and support.
Today’s Trading Landscape
To see a list of the companies reporting earnings today, click here.
For a list of this week’s economic reports due out, click here.