“I just think people are bottom-fishing here” –James Meyer, chief investment officer at Tower Bridge Advisors
And thus was one investor’s opinion of what happened on Wall Street on Tuesday. Markets experienced a 2nd straight day of gains as the S&P added 1%, oil stabilized and Caterpillar (one of the worst performing stock in the Dow this year) rebounded somewhat. U.S. crude settled up 33 cents, or 0.92 percent, at $36.14 a barrel, which is still a multi year low for the commodity.
Bloomberg.com states:
“The Markets Are Getting Jumpier, and We Can’t Tell if That’s Good or Bad- From calm to stressed and back.” Read more here.
Check out a rundown of today’s market activity from CNBC below.
Here are the final numbers from Tuesday, 12/22/15 on Wall Street:
Dow Jones Industrial Average: 17, 417.41 (+165.79/ +0.96%)
NASDAQ: 5,001.11 (+32.19 / +0.65%)
S&P 500: 2,038.97 (+17.82 / +0.88%)