Stocks open lower to start final session of 2019 and the Nasdaq is on the brink of its longest skid in 4 weeks

Tuesday, 31 December 2019 21:53 WIB

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The stock market opened lower Tuesday morning to close out the final session of the quarter, the month and the year, with few catalysts remaining to kick equity indexes much higher after a record year. Trading volumes are expected to be thin on New Year's Eve, which could produce volatile trading action.

The Dow Jones Industrial Average fell 72 points, or 0.2%, at 28,393, the S&P 500 index fell 0.2% at 3,214, and the Nasdaq Composite Index retreated 0.3% to 8,916.

The S&P 500 was looking at a year-to-date gain of 28.5%, which would mark the benchmark's strongest calendar-year advance since a 29.6% gain in 2013. The Dow is on track for a 22% advance in 2019, while the Nasdaq Composite is aiming for a 35% year-to-date return.

In corporate, news shares of Shares of Nvidia Corp. could be in focus after Benchmark analyst Ruben Roy upgraded the stock to 'buy'.

Source : MarketWatch


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