Dow Jumps 526 Points On Earnings, Consumer Confidence

By Staff of Schaeffer's Research
Wednesday, December 21, 2022 4:52 PM EDT

The Dow soared 526 points today, as strong earnings from retail giant Nike (NKE) boosted sentiment on Wall Street ahead of the holidays. The S&P 500 and Nasdaq finished confidently higher as well, while the Cboe Volatility Index (VIX) fell for the fourth-straight day.

Upbeat U.S. consumer confidence data also provided tailwinds, as December's consumer confidence index exceeded expectations -- jumping to an eight-month high of 108.3. Investors unpacked existing home sales data as well. 

Closing Indexes Summary Dec 21

NYSE and Nasdaq Stats Dec 21

Corporate Earnings Dec 21

Unusual Options Activity Dec 21


OIL CONTINUES TO RALLY AFTER A DROP IN U.S. INVENTORIES

Oil prices continued their rise after a drop in U.S. inventories. West Texas Intermediate (WTI) crude for January delivery added $2.06, or 2.7%, to settle at $78.29 per barrel. 

Gold prices settled flat today, with February-dated gold settling at $1,825.40 per ounce.  

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