US Market Closes 21 pts Higher
December 21st, 2009 by Cale McCulloch
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 10328.89 | 20.63 | 0.2% |
| NASDAQ | 2211.69 | 31.64 | 1.5% |
| S P 500 | 1102.47 | 6.39 | 0.6% |
| FTSE 100 | 5196.81 | -20.8 | -0.4% |
| Nikkei 225 | 10142.05 | -21.75 | -0.2% |
| ASX 200 | 4,651 | -19.7 | -0.4% |
| COMEX Gold - Dec 09 | 1111.5 | 4.1 | 0.4% |
| COMEX Silver - Sep 09 | 17.32 | 0.125 | 0.7% |
| COMEX Copper - Sep 09 | 313.85 | 1.05 | 0.3% |
| WTI Spot | 74.1 | 1.45 | 2.0% |
| AUD-USD | 0.8903 | 0.0034 | 0.4% |
| Aluminium | 2214 | -1 | -0.0% |
| Copper | 6841 | -59.5 | -0.9% |
| Lead | 2314.5 | -17.5 | -0.8% |
| Nickel | 17050 | 45 | 0.3% |
| Tin | 15780 | 135 | 0.9% |
| Zinc | 2398 | 38 | 1.6% |
US markets managed to close a volatile trading session 21 points higher on Friday night, with additional volatility on the back of quadruple witching. The biggest movers for the session came from the tech sectors, namely Blackberry maker Research In Motion and Oracle. Retail sectors were held back by bad weather in the northern hemisphere, with blizzards hampering Christmas shopping. This did give a boost to online retailers. At the close the Dow was up 21, the NASDAQ higher by 31 points.
Domestically, the SPI has us opening 16 points higher, with energy likely to outperform the broader market. Spot Oil climbed 2% Friday night after reports of escalating tensions between Iran and Iraq. Base metals were mixed on Friday night, but BHP ADR trading in NY is pointing to an open this morning at 41.18 compared with just 40.60 a share domestically on Friday.
If you are looking for action this week you may be disappointed, with a lack of economic data both at home and abroad. We do have some Motor vehicle sales due out today, and some 3rd quarter financial accounts out on Thursday. Other than that there is a US GDP report due to be released Tuesday night.
It is likely to be fairly quiet until after new year’s, so we suggest you take advantage of the additional time value in Options out to January and get as much premium in as you can ahead of the Christmas break.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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