U.S. Equities Hold Steady as Banks Rally Amid Decline in Crude

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Mullaney: U.S. Stock Market Pullback of 3%-5% Warranted

U.S. equities were unchanged Tuesday as a rally in financial companies was offset by losses in energy shares.

The S&P 500 Index closed at 4 p.m. unchanged from the day after swinging between gains and losses throughout the day. The Dow Industrial Average lost 0.2 percent to 19,855.53 and the Nasdaq Composite Index jumped 0.4% to a record. That gauge has climbed for six straight sessions.

  • Russell 2000 Index added 1%
  • Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election
  • Banking shares lead rally with 0.4% gain as health-care stocks add 0.3%
  • Energy shares down for second straight day; utilities down 0.3%
  • VIX declines 0.6%
  • About 6.7 billion shares traded hands, compared with average of 7.3 billion a day last year
  • The S&P 500 has gained 4.6% since the U.S. election, boosted by hopes of increased fiscal spending and tax cuts
  • The Bloomberg dollar spot gauge of the greenback against 10 major peers has fallen 0.3% in 2017
    • After-market Wednesday: KB Home (KBH)

— With assistance by Blaise Robinson

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