U.S. stocks continued to march higher, with all three major market indexes touching fresh record highs. Itmarks the first time since 2000 in which the Dow, S&P, and Nasdaq all touched a record high within the first six sessions of the year, as well as the first time ever that they have notched all-time highs in each of the first six sessions. This monumental day was guided by a rally in healthcare stocks, with Johnson & Johnson (JNJ) pacing the blue chips, and a relatively well-received round of holiday retail sales. Bank stocks also gained ground ahead of the start of earnings season. Against this backdrop, the Dow surged triple digits, while the S&P and Nasdaq extended their winning streaks to six.
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3 surging healthcare stocks.2 white-hot oil stocks with cheap options.This rare SPY signal says stocks could cool off.Plus, the FAANG stock with room to run; 2 retailers making big moves; and a Delta earnings preview.The Dow Jones Industrial Average (DJI - 25,385.80) picked up 102.8 points, or 0.4%, after peaking at 25,439.78 in intraday trading. Boeing (BA) led the 16 Dow winners with a 2.7% gain, and Intel (INTC) paced the losers with a 2.5% loss.
The S&P 500 Index (SPX - 2,751.29) added 3.6 points, or 0.1%, for the day, while the Nasdaq Composite (IXIC - 7,163.58) picked up 6.2 points, or 0.1%. The SPX topped out at 2,759.14 earlier, while the IXIC peaked at 7,181.14.
The CBOE Volatility Index (VIX - 10.08) closed up 0.6 point, or 5.9%, for its first close above 10 in 2018.
Data courtesy of Trade-Alert
Crude finished the session at its highest price since December 2014, after the Energy Information Administration (EIA) upped its 2018 forecast for oil prices. February-dated oil settled up $1.23, or 2%, at $62.96 per barrel.
February-dated gold ended the day lower for the second session in a row, after the U.S. dollar gained ground. Gold futures ended the day down $6.70, or 0.5%, to settle at $1,313,70 per ounce.