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