With just one trading day left in 2013, there’s still time for more market records and on Monday, the Dow Jones Industrial Average (DJIA) hit yet another one (No. 51 but who’s counting) as it closed up 25.88 points (0.2%), to 16,504.29.
It is now on track for an annual increase of 26%.
The?S&P 500 (SPX) was off 0.33 points (-0.02%) closing at 1,841.07. It is poised to hit a 29.1% annual increase–its greatest one in 16 years. ?
The?Nasdaq?Composite (COMP) fell?2.40 points (0.1%), to 4,154.20. Year to date, the Nasdaq has risen 37.6%.
After its recent wild rise, Twitter (TWTR) continued declining on Monday.The stock closed at $60.51, down 3.24 (5.08%). Downgrades on the stock came out last week including one by Macquarie Capital on Dec. 27.
In a report by analyst Ben Schacter, he wrote that company’s stock has gone “too far, too fast” and subsequently dropped his rating from a neutral to underperform (sell), reported MarketWatch.
The firm started coverage on Dec. 11 and Twitter’s share price rose 40 percent but its fundamentals have failed to improve noted Schacter in his report.?
On Monday, Twitter options saw its greatest activity coming in the the 03Jan14 65 calls.?
The VIX closed at 13.56, up 1.10 (8.83%).
On Tuesday, equity and options markets will close at their regular times.?