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9:37 a.m. ET: Stocks open flat
Markets opened lower to kick off a holiday-shortened week. Here were the main market moves, as of 9:40 a.m. ET:
S&P 500 (^GSPC): 3,222.13, up 0.84 point or 0.03%
Dow (^DJI): 28,460.51, down 1.63 points or 0.01%
Nasdaq (^IXIC): 8,953.32, up 7.32 or 0.08%
Crude oil (CL=F): $60.71 per barrel, down $0.97 or 1.57%
Gold (GC=F): $1,524.90 per ounce, up $6.30 or 0.41%
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9:16 a.m. ET: Trump says the Phase 1 trade deal will be signed January 15
From President Trump’s Twitter account: “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!”
I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!
— Donald J. Trump (@realDonaldTrump) December 31, 2019
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9:00 a.m. ET: Home prices climb
According to the S&P Corelogic Case-Shiller monthly home price report, the average price of a home in 20 major metro areas climbed by 0.43% month over month in October, which was a bit hotter than the 0.30% forecast by economists.
"October's U.S. housing data continue to be reassuring," S&P Dow Jones Indices’ Craig Lazzara said. "With October's 3.3% increase in the national composite index, home prices are currently more than 15% above the pre-financial crisis peak reached July 2006. October's results were broad-based, as both our 10- and 20-city composites rose. Of the 20 cities in the composite, only San Francisco saw a year-over-year price decline in October.”
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8 a.m. ET: Stock futures indicate lower open
U.S. stock futures indicted a lower open for the major indices Tuesday on the final day of trading this year.
Here were the main pre-market moves, as of 8 a.m. ET:
S&P futures (ES=F): 3,221, down 2.50 points or 0.08%
Dow futures (YM=F): 28,417, down 23 points or 0.08%
Nasdaq futures (NQ=F): 8,723.75, down 10 points or 0.11%
Crude oil (CL=F): $61.03 per barrel, down $0.65 or 1.05%
Gold (GC=F): $1,523.80 per ounce, up $5.20 or 0.34%
Despite the slight pullback from all-time highs, stocks are still on pace to close out their best year since 2013. The S&P 500 (^GSPC) rose 31% this year, while the Dow (^DJI) jumped 25% and the tech-heavy Nasdaq (^IXIC) advanced 36%.
The U.S. dollar (USD=X) was also in focus, as it weakened for the fourth straight day to its lowest level in nine months. Multinational companies struggled for much of the year on the back of a strong dollar, but Wall Street analysts expect the pressure to abate with a a weaker greenback in 2020.
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Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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https://finance.yahoo.com/news/stock-market-news-live-updates-december-31-2019-131332122.html
2019-12-31 13:13:00Z
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