In Today's Update:
1) U.S. Equities post gains for the third straight session after another choppy, low-volume day on Wall Street. The Dow Jones Industrial Average gained 256.10 or 1.09%, the S&P 500 added 24.72 or 0.97% while the Nasdaq 100 closed higher by 73.53 or 1.08% and the Russell 2000 finished higher by 21.19 or 1.51%.
2) Crude Oil Futures jumped again today closing higher by $1.16 or 2.37% while Gold Futures fell $3.70 or 0.29% after a slight rise in the U.S. dollar. The Bond market was lower again today and the yield on the 10-year treasury note rose to 2.728%.
3) It was an active day for the retail sector as a bankruptcy judge gave Sears (SHLDQ) Chairman Eddie Lampert another chance to buy the department store chain while JCPenney (JCP) announced that holiday same-store sales dropped 3.5% and that they are planning to close 3 stores by Spring.