Holiday trading continued

Index & Sector performance 12/29/14

The Market:

Today’s session was a continuation of the previous week’s holiday trading and will likely continue this way for the rest of the week with Thursday being closed for New Year’s Day.  The Russell 2000 (IWM) led while the NASDAQ (QQQ) and Dow (DIA) finished slightly lower.

The leading individual sectors were the Utilities (XLU) and Retail (XRT) finishing up 1.15% and 0.98% respectively.  As might be expected with the QQQ finishing lower, Technology (XLK) lagged followed by Consumer Staples (XLP).

There were no scheduled Economic Events today but there is some noteworthy data this week including Consumer Confidence tomorrow, Unemployment Claims Wednesday, and ISM Manufacturing PMI Friday.

Economic Calendar week of 12/29/14

Reporting EPS week of 12/29/14:

There is not much in terms of EPS reports this week as would be expected.

Analyst Comments:

Upgrades 12/29/14

Initiations 12/29/14

Price Target Changes 12/29/14