The markets kicked off the New Yeae with more wild trading in a larger range. Ultimately the Dow 30 added 18, the S&P 500 closed up 3, and the Nasdaq 100 added 30, the biggest gainer of the day. Attention will now turn towards earnings, the Fed, and the trade war progress. There may even be some volatility created by a split Congress as well.

Sector News

Oil was a big mover today as it rocketed off its lows this morning, producing almost a 7% rally in less than 90 minutes. The price of oil remains near 52-week lows and in a steep downtrend. Energy-related areas of the markets also enjoyed a healthy bounce off lows.

Retail was another strong area of the markets today and has now bounced about 9% off the lows set just six trading days ago.

Stock News

Tesla (TSLA  ) - shares sold off today on news that the company delivered fewer Model 3s than expected. In addition, the company was reported to have over 3000 vehicles in inventory and was cutting prices.

Roku (ROKU  ) - shares were higher today as the company announced a new premium streaming service which has a similar structure to Apple's (AAPL  ). Shares remain near 52-week lows.

Wells Fargo (WFC  ) shares were higher on an upgrade today by RBC, which said that the recent sell off makes it an attractive valuation.

Activision Blizzard (ATVI  ) shares were slightly higher on the day as the company announced the were firing their CFO. It seems he was shopping for a new role as CFO at Netflix (NFLX  ) and his boss found out.

MedEquities Realty Trust (MRT  ) shares soared on a deal to be acquired by Omega Healthcare (OHI  ) for $600 million in cash and stock.