Dow swinging narrowly last year.

Dow swinging narrowly While the volume is light in the last trading day of the year

The Dow Jones index swings narrowly between positive and negative territory during today’s market opening. Due to lack of supporting factors The trading conditions in the New York stock market were quiet, as were the stock markets around the world. Because financial markets in many countries are closed today On New Year’s Eve, welcoming the new year

At 21.49 hrs. In Thailand, the Dow Jones Industrial Average stood at 28,464.74 points, plus 2.60 points or 0.01% after opening the market in negative territory.

Wall Street stock market opened for trading on the last day of 2019, before closing on Wednesday on New Year’s Day.

The Yesterday Dow Index closed down 183.12 points or -0.64% to close at 28,462.14, as investors took profits. After Dow Jones plunged to a record high on Friday. Driven by the disclosure of China’s bright economic data. And the progress in making trade agreements between the US-China

Today is the 5th day of the Santa period. Wall Street Stock Market Rally This usually happens for 7 business days, with the last 5 business days of the current year, including the first 2 days of the new year.

According to Santa Rally’s seven-day adjustment of stock market statistics, the S&P 500 index has jumped an average of 1.3% during the period since 1950 or nearly 70 years ago.

However, Mr Edward Yardonyi, president of the Yardony research company Warned that Wall Street stock market will be big correction next year After sharply rising this year As well as warning that This is not a cheap stock market. Which if the US economy is not strong And the performance of listed companies does not increase rapidly It is difficult for Wall Street stock market to rebound smoothly.

The S&P 500 index rose more than 28% this year, although the stock market suffered volatility from the US-China trade war, but the S&P 500 index could reach a record high above 3,200 points in mid-month.

The US economic data released today is the house price index for October. The S&P Correspondence Case Schiller said that house prices across the US increased 3.3% in October compared to the same period last year. After increasing 3.2% in September

House prices rose at a slightly faster rate in October. It is the latest signal that The housing market has improved. After being weak at the beginning of this year With the S&P Core Logistic Schiller’s house price index in line with other indices Which indicates that home sales have improved

The house price index in 20 US cities increased 2.2% in October after rising 2.1% in September.