Yuletide

U.S. markets ended the day with mixed results in a quiet session ahead of the holiday. We've come a long way in the past year.

The Market Sum | Insight after the bell By Caleb Silver, Editor in Chief Tuesday's Headlines 1. U.S. markets flat and quiet ahead of the Christmas holiday 2. BMW under SEC investigation 3. Netflix CEO gets paid 4. What a 365 day run! Markets Closed Dow 28,515.45 -0.13% S&P 3,223.38 -0.02% Nasdaq 8,952.88 +0.08% VIX 12.69 +0.63% Bitcoin $7,313.42 -2.72% US 10-Yr Yield 1.914 -1.09%     Programming note: We will be off for the next couple of days for the holiday, but we will send you some seasonal tidings until we resume normal coverage on December 27th. I'll be taking an extra couple of days with the family, but you will be in the capable hands of Gabe Alpert, our Associate Editor. Happy holidays to you and yours. - Caleb   Markets Today U.S. markets failed to add on to Monday's gains in today's shortened session with the DJIA and the S&P 500 falling slightly. The Nasdaq did manage to end the day in positive territory, but the action was thin across most major markets. Exchanges, banks, and just about everything else is closed tomorrow for the Christmas holiday. European and Canadian markets are closed Thursday for Boxing Day. U.S markets reopen on Thursday.  Headlines The SEC is investigating German auto manufacturer BMW. According to The Wall Street Journal, the U.S. regulator is looking into whether the company manipulated sales figures by having dealers register cars as sold when they were still present in car lots. Tesla's (TSLA) stock briefly crossed $420 yesterday, the price at which CEO Elon Musk had famously said he would take it private. It's been a roller-coaster year for the company, and Musk noted the development on his twitter account with a pun news reporters on the cannabis beat are very familiar with. Uber Technology's (UBER) founder, Travis Kalanick is leaving the company's board, effective Dec. 31, after reportedly having finished selling off all his stock in the company. Kalanick's stake was worth about $2.5 billion, according to company filings. He is launching his latest venture, CloudKitchens, which rents out space to restaurateurs for delivery-based businesses. Saudi Arabia and Kuwait have reached an agreement in a dispute over a shared oil field. The field, in a territory between the two countries called the "neutral zone," produced 500,000 barrels of oil a day before the dispute stopped its production in early 2015. Chevron, which operates there, says it expects full production to be restored within a year. Netflix (NFLX) CEO Reed Hastings will receive $34 million in stock options in 2020 on top of his annual salary of $650,000, the company said in a regulatory filing. Netflix has been the best performing stock in the S&P 500 over the past decade.       chart courtesy YCharts   365 Trips Around the Sun It's been quite a voyage. It is hard to believe that exactly a year ago, the S&P 500 sold off 2.7% to end a December of market carnage brought on by fears of an escalating trade war and a hawkish Federal Reserve. Things changed, as we know, and the broader market has surged 37% in a year, topping new records along the way.   It hasn't just been a U.S. story, either. According to Deutsche Bank, global stock markets added more than $17 trillion in total value. The value of global equities began the year just under $70 trillion, but has now surpassed $85 trillion.     That growth has translated into a handsome gain for the global equity market, as seen through the MSCI World Index. We'll take that holiday gift and run with it.   We'll keep it short and sweet today, and let you get back to the sweetness of family and friends during this holiday season.   Thank you for spending part of it with us.   What's Open and Closed this Week? It's a short week for markets this week as markets around the world will be closed. Take a look at the table below for details on which markets are closed when.     More News: Transportation Stocks Poised to Head Higher in 2020 Keep Calm and Buy More? Online Broker Robinhood Hit With $1.25 Million FINRA Fine chart courtesy YCHARTS     It was a light trading day today. Computer-chip maker Advanced Micro Devices rose 2.4% after RBC Capital Markets raised its price target for the company.     More sellers than buyers for tobacco company Altria Group, which dropped 2.4% and investment management firm Invesco, which fell 2.2%. Memory storage device maker Seagate fell 1.4%, and oil company Apache fell 1.4%, giving up some of yesterday's gains. Word of the Day Christmas Tree Options Strategy A Christmas tree is an options trading spread strategy achieved by buying and selling six call (or 6 put) options with different strikes but the same expiration dates for a neutral to bullish forecast. This is termed a long call Christmas tree when using calls or a put Christmas tree when using put options. The strategy is also available long (bullish) or short, (bearish).     Today in History December 24, 1968 Today in 1968, the crew of the Apollo 8 space mission, Frank Borman, Jim Lovell, and Bill Anders, became the first humans to enter orbit around the moon. The crew, which blasted off on the 21st, were also the first human beings to ever leave low-earth orbit. Anders was assigned to photograph the surface of the moon for potential landing sites. However, the most spectacular photo wasn't one of the moon, but an unscheduled picture of the earth, seen above. This photo, known as "Earthrise" shows the Earth, half in darkness, rising above the moon's surface. The photo, showing the whole earth suspended and alone in space, is credited with helping spur the environmental movement, by showing how precarious and special humanity's place is in a vast universe. Take a moment to appreciate the first earthrise ever seen by humans.   https://www.space.com/42848-earthrise-photo-apollo-8-legacy-bill-anders.html How can we improve the Market Sum? Tell us at marketsum@investopedia.com Enjoy the Market Sum? Share it with a friend.   Click to Share   Or share the link below to invite friends to sign up. https://link.investopedia.com/join/53o/00-fwd-marketsum CONNECT WITH INVESTOPEDIA Email sent to:  mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here.   114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC. All Rights Reserved | Privacy Policy