22 Dec 2014
US stocks extended rally for fourth day and closed at record highs
FXStreet (San Francisco) - Wall Street advanced for the fourth day in a row as investors are confidence that the US is in a good shape and the economy will do better in 2015.
Wall Street fully recovered from 7-day selloff performed in early December. S&P and the Dow are now positive on the month. The S&P closed at record highs and it's poised to post its six consecutive December in positive. Dow Utilities also closed at highs.
The Dow Jones advanced 0.87% to 17,959.44; The S&P 500 rose 0.38% to 2,078.54; while the Nasdaq Composite won 0.34% on the day to 4,781.42.
Most sectors finished Monday up for the day. Technology shares led the market qith a 1.82% rally; followed by Telecomm (+1.05%) and Consumer Discretionary (+0.89%). To the downside, Energy shares (-0.80%), Materials (-0.64%) and (-0.56%). Small caps in the figure of the Russell 2000 rose 0.50% to break above the 1,200 level and to close at 1,201.86.
10-year Treasury yields fell to 2.163% from 2.178% on Friday. WTI crude lost all Friday's gains and closed at 55.20. Gold declined hard on the day after losing the 1,200 area to finish the day at 1,173.
Wall Street fully recovered from 7-day selloff performed in early December. S&P and the Dow are now positive on the month. The S&P closed at record highs and it's poised to post its six consecutive December in positive. Dow Utilities also closed at highs.
The Dow Jones advanced 0.87% to 17,959.44; The S&P 500 rose 0.38% to 2,078.54; while the Nasdaq Composite won 0.34% on the day to 4,781.42.
Most sectors finished Monday up for the day. Technology shares led the market qith a 1.82% rally; followed by Telecomm (+1.05%) and Consumer Discretionary (+0.89%). To the downside, Energy shares (-0.80%), Materials (-0.64%) and (-0.56%). Small caps in the figure of the Russell 2000 rose 0.50% to break above the 1,200 level and to close at 1,201.86.
10-year Treasury yields fell to 2.163% from 2.178% on Friday. WTI crude lost all Friday's gains and closed at 55.20. Gold declined hard on the day after losing the 1,200 area to finish the day at 1,173.