The Dow Jones today dropped more than 55 points on a day of light trading volumes. Concerns about falling oil prices remained central to the energy sector, while utilities were the biggest decliners of the day. Last-minute profit taking continues to be a priority as the trading year winds down.
Tomorrow (Wednesday), markets will close early on New Year's Eve.
Let's take a look at today's scorecard.
Dow Jones: 17,983.07, -55.16, -0.31%
S&P 500: 2,080.35, -10.22, -0.49%
Nasdaq: 4,777.44, -29.47, -0.61%
What Moved the Markets Today: The Dow Jones slid as investors continue to take profits ahead of the New Year and new geopolitical concerns emerge across Europe. The markets slipped despite consumer confidence beating consensus expectations for December. Meanwhile, single-family housing prices slowed less than expected in October, according to the Case-Shiller Housing Index. Gold prices saw a modest 1.4% gain today, fueled by speculation over the future of the Greek economy. Gold's gain pushed mining stocks higher. Shares of Newport Mining Corp. (NYSE: NEM) rose 3.6% on the day.
Here's a breakdown of today's other top stories and stock performances:
Now our experts share some of the most important investment moves to make based on today's market trading - for Money Morning Members only:
Three Tech ETFs That Will Double Your Money: Money Morning Tech Specialist Michael A. Robinson is forecasting a strong year for stocks - and especially tech stocks - in 2015. And folks who pick the "right" profit plays can do even better than the market. Here's how to grab those market-trouncing gains with three profit plays that appear tepid on their face, but are actually high-octane claims on the hottest slices of Silicon Valley growth...