Stock Market News For Dec 10, 2019
Zacks Investment Research | Dec 09, 2019 09:02PM ET
Benchmarks ended in the negative territory on Monday as investors kept a close watch on the U.S.-China trade deal as the Dec 15 deadline to impose higher tariffs on Chinese products close in.
The Dow Jones Industrial Average (DJI) dropped 75.84 points, or 0.3%, to close at 27,939.22. The S&P 500 fell 4.02 points, or 0.1%, to close at of 3,141.89. Meanwhile, the Nasdaq Composite Index closed at 8,643.99, falling 12.54 points, or 0.1%. The fear-gauge CBOE Volatility Index (VIX) increased 16% to close at 15.68. Advancing issues outnumbered decliners on the NYSE by a 1.17-to-1 ratio. On Nasdaq, declining issues outnumbered advancers for a 1.13-to-1 ratio.
How Did the Benchmarks Perform?
Major indexes snapped the three-day winning session on Monday as Dec 15 tariff imposing deadline creates leaves investors sentiments gloomy. However, the losses on Monday landed all the three benchmarks less than 1% of their closing highs, on Nov 27.
Trade bellwethers like Apple Inc. (NASDAQ:AAPL) , a Zacks Rank #3 (Hold) company saw share prices slide 1.4% amidst rising tariff imposition worries. You can see Zacks Investment Research
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