Daily Chart Report ? Wednesday, December 29th, 2021

Today’s Summary
Wednesday, December 29th, 2021

Indices: Dow +0.25% | S&P 500 +0.14% | Nasdaq -0.10% | Russell 2000 +0.12%

Sectors: 8 of the 11 sectors closed higher. Real Estate led, gaining 0.61%. Energy lagged, falling 0.64%.

Commodities: Crude Oil futures moved higher for the sixth consecutive day, rising 0.80% to $76.59 per barrel. Gold futures slipped 0.28% $1,806 per ounce.

Currencies: The US Dollar Index fell 0.25%.

Interest Rates: The US 10-year Treasury yield rose to 1.555%.

Here are the best charts, articles, and ideas being shared on the web today!

Chart of the Day

Today’s Chart of the Day was shared by Shane Murphy (@murphycharts). It's a daily candlestick of the Dow Jones Industrial Average over the past year. The Dow rose for the sixth consecutive day today, but more importantly, it closed an all-time high for the first time in seven weeks. The S&P 500 also managed to close at a record high today, and the Nasdaq 100 is less than a percent away from joining the party. The Russell 2000 is still a trendless mess as it battles with a flat 200-day moving average. Nonetheless, the Dow joining the S&P 500 at all-time highs is a bullish development. After more than a month of no progress and a 6.6% drawdown, the Dow looks ready to move higher.

Quote of the Day

“Bad news travels at the speed of light;
good news travels like molasses.”

- Tracy Morgan