U.S. Equities Hold Steady as Banks Rally Amid Decline in Crude
Tags:Nasdaq Composite IndexRussell 2000 IndexThe Bloomberg dollar spotThe Dow Industrial AverageThe S&P 500 Index
(Bloomberg) —U.S. equities were unchanged Tuesday as a rally in financial companies was offset by losses in energy shares.
The S&P 500 Index closed at 4 p.m. unchanged from the day after swinging between gains and losses throughout the day. The Dow Industrial Average lost 0.2 percent to 19,855.53 and the Nasdaq Composite Index jumped 0.4% to a record. That gauge has climbed for six straight sessions.
Russell 2000 Index added 1% Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election Banking shares lead rally with 0.4% gain as health-care stocks add 0.3% Energy shares down for second straight day; utilities down 0.3% VIX declines 0.6% About 6.7 billion shares traded hands, compared with average of 7.3 billion a day last year The S&P 500 has gained 4.6% since the U.S. election, boosted by hopes of increased fiscal spending and tax cuts The Bloomberg dollar spot gauge of the greenback against 10 major peers has fallen 0.3% in 2017
Walt Alexander is the editor-in-chief of Men of Value. Learn more about his vision for the online magazine for American men with the American values—faith, family & freedom—in his Welcome from the Editor.
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