Bears Push Lower Lows

MARKET SUMMARY

U.S. markets traded in a fairly tight range to start the shortened week while finishing mixed on light volume. The Nasdaq was the session laggard after falling 0.3% while trading in negative territory throughout the session.

The S&P 500 and the Dow slipped 0.1% and 0.03%, respectively, after showing some strength on the open while failing Friday’s highs. Meanwhile, the Russell 2000 added 0.1% after trading in a 5-point range but also made a lower low than the previous session.

ANALYST UPGRADES / DOWNGRADES 

Herman Miller (MLHR) upgraded to Outperform from Market Perform at Raymond James
Unitil (UTL) upgraded to Buy from Hold at Janney Capital

Agile Therapeutics (AGRX) downgraded to Market Perform from Outperform at William Blair
Ignyta (RXDX) was downgraded to Hold at SunTrust

EARNINGS

Wednesday’s scheduled earnings include:
LiveDeal (LIVE)

UPCOMING ECONOMIC NEWS

Wednesday’s economic reports (EST):

MBA Mortgage Applications – 7:00am
Redbook – 8:55am
Consumer Confidence – 10:00am
Pending Home Sales Index – 10:00am

METALS / OIL

Gold closed at $1,287.50 an ounce, up $8.70

Silver settled at $16.60 an ounce, up $0.16

Copper finished at $3.28 a pound, up $0.04

Crude Oil closed at $59.74 a barrel, up $1.27
Bitcoin Investment Trust (GBTC)
settled at $2,360.00, up $370.00


Make it a great holiday!

Todd Mitchell

QUOTE OF THE DAY