The markets were mixed yet again today as tech and oil couldn't get on the same page. The Dow 30 was up 68, the S&P 500 lost 7, and the Nasdaq 100 lost 72 on the day. Oil was the big focus again today as it added almost another 3%. The move over the past few days has pushed oil back to yearly highs but has yet to push beyond. As we close out the week investors will be looking at the unemployment rate, though analysts expect it to stay the same at 4.9%.
General Motors (NYSE: GM) blasted off today as the company announced sales jumps in all of its brands in the US for the month of November. According to the company, retail sales rose 7.9% during the month to 197,609 units, die to a 16% jump in Buick sales and a 15% increase in Cadillac sales. Shares of the stock surged 5.50% today on the news hitting brand new 2016 highs. Volume was well above average.
Skechers (NYSE: SKX) also enjoyed a strong, positive day today as the shoe maker was upgraded to buy from neutral by Buckingham Research. The analyst company also raised its price target by to $31 per share. The firm said "it was impressed by Skechers' new products displayed at the Fashion Association of New York trade show." Investors also seemed to be impressed as volume was above average and shares gained a whopping 15.85% on the day.
Nike (NYSE: NKE) added 1.52% today as the company announced that they will offer their new self-tying sneaker to the retail public. The new HyperAdapt sneakers wont come cheap though. The shoes will cost $720 and be exclusively sold on the Nike+ app along with its new retail store in New York City.