Day Traders Diary

4/22/19

The S&P 500 closed modestly higher supported by strength in energy stocks amid a noticeable increase in oil prices. The Nasdaq Composite increased 0.2%. The Dow Jones Industrial Average lost 0.2%, and the Russell 2000 lost 0.4%. Trading volume was light after the three-day holiday weekend. Oil prices rose after the U.S. decided to end its waivers for countries to import oil from Iran. The big move in the energy sector also helped offset losses from the S&P 500 real estate (-1.1%), materials (-0.7%), and industrial (-0.3%) sectors. Shares of Kimberly-Clark climbed 5.4% after the company beat top and bottom-line estimates.