Stock market news January 15 2020

The US stock market closed higher, with moderate gains after President trump signed the “phase one” trade deal  with China. “Stocks erase gains after trade deal signing, Dow, S&P close at new record. U.S. stocks pushed higher Wednesday as investors monitored another batch of corporate earnings results amid a U.S. and China preliminary trade deal.”, Source: https://finance.yahoo.com/news/stock-market-news-live-updates-january-15-2020-124017678.html

Stocks erase gains after trade deal signing

Stocks closed at new records, with the Dow closing above 29,000 for the first time, but significantly lower than the highs of the day that followed the signing of a “Phase one” trade deal between the U.S. and China.

This is the summary for US stock market at close on Wednesday, January 15, 2020:

How stock market closed on Wednesday, January 15, 2020-Financial and business news

• S&P 500: 3,289.29,+6.14(+0.19%)
• Dow 30: 29,030.22,+90.55(+0.31%)
• Nasdaq: 9,258.70,+7.37(+0.08%)
• Russell 2000: 1,682.40,+6.66(+0.40%)

Stocks biggest gainers

SmileDirectClub, Inc. (SDC) was among stocks biggest gainers closing at 13.72 +2.02 (+17.26%).

Stocks biggest losers

Nektar Therapeutics (NKTR) was among stocks biggest losers closing at 23.49 -4.47 (-15.99%).

Stock investing | Stock trading | Most active stocks

NIO Limited (NIO) was among most active stocks closing at 4.2900 +0.5300 (+14.10%).

U.S. Sectors & Industries Performance

Utilities was the best performing sector +1.41%, Energy was the worst performing sector -0.67%.

Stock earnings today

The most notable earnings announcements scheduled for Thursday  include Morgan Stanley (MS), Charles Schwab (SCHW) before market open and CSX (CSX) after market close.

Stock market update

All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.

This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.