“Rocky Ride-TGIF” – Vista Partners Daily Market Recap 12/28/2018
US stocks went on a bit of a roller coaster ride on Friday before finally ending the day mixed. The Nasdaq was the only one of the three major indices that was able to hold onto it gains – and even then, it was just barely. It finished the day up 0.08% (5.03 points). The S&P 500 slid 0.12% (3.09 points) while the Dow ended the session down 0.33% (76.42 points).
Individually, components of the Dow also saw mixed results. Goldman Sachs (GS) led the index’s losers today, as it tumbled 1.44%. Exxon Mobil (XOM) wasn’t far behind with losses of 1.12%. On the other end of the spectrum, Intel (INTC) led the way with gains of 0.84%.
Atossa Genetics (ATOS) managed to hold onto its gains today as it ended the day with a solid increase of 7.98%.
In other economic news, the National Association of Realtors reported today that pending home sales had fallen 0.7% in the month of November. This is better than the 2.6% decline that October saw but still disappointing as the consensus estimate had been a 1% increase.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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