Market Close for 26 December 2012

December 26th, 2012
in Gary's blogging, market close

Gary is off this afternoon.  Market close from Yahoo Finance.

Stocks began the day on a positive note, but the early sentiment failed to hold. The key averages slipped to their respective lows during the first two hours of trade, and held there for the remainder of the session. As a result, the benchmark index finished lower by 0.5%.

With only three trading days left in the year, and the budget deadline approaching, elevated volatility in financials can be expected. Today, the SPDR Financial Select Sector ETF (XLF 16.36, 0.00) ended flat, and the majors were mixed. Wells Fargo (WFC 34.33, -0.09) shed 0.3% while Citigroup (C 39.55, +0.17) added 0.4%. Also of note, Bank of America (BAC 11.54, +0.29) outperformed its peers and rose by 2.6%.

Chart for NASDAQ Composite Index (^IXIC)

Symbol Last Change
Dow 13,114.59 Down 24.49 (0.19%)
Nasdaq 2,990.16 Down 22.44 (0.74%)
S&P 500 1,419.83 Down 6.83 (0.48%)
10-Yr Bond 1.7580% Down 0.0160
NYSE Volume 0
Nasdaq Volume... 0


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