The markets enjoyed a very strong day today as the bulls came rushing back into the markets. All of the major indices erased their losses from Monday. The Dow 30 closed higher by 1086 points making it the biggest one-day gain in history. The S&P 500 added 116, and the Nasdaq 100 closed higher on the day by 361.
Sector News
Oil saw a massive one-day reversal that will leave technical traders assuming there's more upside. Oil closed higher by over 8% on the day as the bulls finally felt they found a bottom in the beaten-down commodity.
Retail stocks were a bright spot in the overall markets today as news came out from Mastercard (MA ) that retail sales were up 5.1%, which makes it the best holiday shopping season since 2012. All of the major retailers got a boost from this data.
Stock News
Target (TGT ) shares enjoyed a solid bounce off lows today as data showed that the company benefited from a strong holiday shopping season. Shares of Target have been sharply lower with the recent selloff in the market, falling around 40% from 52-week highs.
Amazon (AMZN ) shares were higher today as the company says they had a record-breaking holiday season and hope to break through their previous projections of slower-than-expected growth. Shares have fallen over 40% from their 52-week high.
Roku (ROKU ) shares came off their lows today as the company was rated the "top pick for 2019" at Needham. The analyst firm suggests that the strategic positioning, demographic reach, and other advantages make it their best pick. Shares have lost over 150% since hitting a high back in September.
