Dow Closes at Another Record High

MARKET SUMMARY

U.S. markets opened higher and showed some momentum throughout Thursday’s session, while holding onto slight gains into the closing bell. The Russell 2000 showed the most strength after rising just over 0.3% to remain within 1% of its record high. The Dow fell shy of its all-time high by 37 points, but notched its 71st record close of the year after gaining 0.3%.

The S&P 500 added 0.2% and came within 7 points of a fresh lifetime high. Meanwhile, the Nasdaq showed some morning weakness after the open, but managed to clear near-term resistance after also rising 0.2%.

TRADE OF THE DAY

ANALYST UPGRADES / DOWNGRADES

Argo Group (AGII) upgraded to Outperform from Market Perform at Keefe

BruyetteRoyal Gold (RGLD) downgraded to Hold from Buy at Canaccord

Starbucks (SBUX) initiated with a Buy at Tigress Financial
Sonoma Pharmaceuticals (SNOA) initiated with a Speculative Buy at Benchmark
CommerceHub (CHUBA) initiated with an Outperform at Northland

EARNINGS

Friday’s scheduled earnings include:
Applied DNA Sciences (APDN)
eHi Car Services (EHIC)
Gee Group (JOB)
RCI Hospitality (RICK)

UPCOMING ECONOMIC NEWS

Friday’s economic reports (EST):

Baker-Hughes Rig Count – 1:00pm

METALS / OIL

Gold closed at $1,297.20 an ounce, up $5.80

Silver settled at $16.92 an ounce, up $0.16

Copper finished at $3.31 a pound, up $0.03

Crude Oil closed at $59.59 a barrel, down $0.38
Bitcoin Investment Trust (GBTC)
settled at $1,937.00, down $213.00


Make it a great holiday!

Todd Mitchell

QUOTE OF THE DAY