STOCKS CLOSE FLAT: Here’s what you need to know

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Stocks closed virtually unchanged amid the light trading volumes that are expected through the end of this week.

Here’s the scoreboard: 

  • Dow: 24,774.30, +28.09, (0.11%)
  • S&P 500: 2,682.62, +2.12, (0.08%)
  • Nasdaq: 6,939.34, +3.09, (0.04%)
  1. US consumer confidence slid off 17-year highs in December, according to The Conference Board’s monthly survey. The headline index fell to 122.1, making for a much steeper drop than economists had forecast. 
  2. Barclays expects to take a writedown of about 1 billion pounds ($ 1.34 billion) on its annual post-tax profit as a result of the US tax overhaul. The reform to the tax system signed into law by President Donald Trump will force the British lender to reduce the value of its deferred tax assets, prompting it to take a one-off charge in its results for the 12 months to the end of December.
  3. Bitcoin stabilized then fell again after several days of volatility over the Christmas period, which saw it crash below $ 12,000 before recovering by more than $ 4,000 in short order. Around 3:49 p.m. ET on Wednesday, bitcoin is down by 7% at $ 14,773 a coin.

Additionally: 

NOW WATCH: How to buy and sell bitcoin using one of the most popular cryptocurrency apps on the iPhone

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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