Day Traders Diary
The S&P 500 closed modestly higher supported by strength in energy stocks amid a noticeable increase in oil prices. The Nasdaq Composite increased 0.2%. The Dow Jones Industrial Average lost 0.2%, and the Russell 2000 lost 0.4%. Trading volume was light after the three-day holiday weekend. Oil prices rose after the U.S. decided to end its waivers for countries to import oil from Iran. The big move in the energy sector also helped offset losses from the S&P 500 real estate (-1.1%), materials (-0.7%), and industrial (-0.3%) sectors. Shares of Kimberly-Clark climbed 5.4% after the company beat top and bottom-line estimates.All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.