Day Traders Diary
12/29/09U.S. stocks rose at the open on Tuesday, continuing a six-session winning streak in thin holiday volumes, with investors expected a key gauge of consumer sentiment to be bullish. The Dow Jones Industrial Average rose 18 points to 10,565, with shares of Walt Disney leading the gains even though one analyst made cautious comments. The S&P 500 index rose a point to 1,129, led by the consumer discretionary sector. The Nasdaq Composite inched up 50 cents to 2,291. Not much is moving this morning. The financials are modestly higher even though many had their numbers trimmed this morning. Goldman Sachs and Jefferies were upgraded this morning. Jefferies is up 3%. The techs opened higher, then pulled back. Microsoft is modestly higher at new highs on positive comments. Amazon is higher on two upgrades. In the commodity space, the fertilizers are lower on weak pricing. After the first hour the Dow remained in positive territory while the Nasdaq was unchanged. Through the morning and into the afternoon the averages remained quiet. The averages barely moved until the last hour when all three averages dipped into the red. The Dow Jones Industrial Average closed down a point at 10545. The S&P 500 closed down a point at 1126. The Nasdaq declined 2 points to 2288.
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