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Stock Market Roundup Dec. 29: Amazon Flies High as Dow Keeps 20,000 In Sight

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Stocks were moving up and down on Thursday, and closed in the red at the end of the day. The Dow Jones, S&P 500, and the NASDAQ each stepped back from record highs, with just one trading day left in 2016.

Zacks Rank #1 (Strong Buy) Biggest Movers

Value: Corecivic Inc.

Growth: Silver Standard

Momentum: PennyMac Mortgage Investment Trust (PMT - Free Report)

VGM: Investar Holding Corp. (ISTR - Free Report)

Income: PMT

Major Indexes

DOW: 19,820.33 / -13.35 / -0.07%

S&P 500: 2,249.28 / -0.64 / -0.03%

NASDAQ: 5,432.09 / -6.47 / -0.12%

Top Headlines

Game of Thrones is Top Illegally Downloaded TV Show of 2016

Jon Snow may know a whole lot of nothing, but he does know something about getting audiences hooked—and staying hooked—on a television show. For the fifth consecutive year, Time Warner -owned HBO’s Game of Thrones was named the most illegally downloaded TV show on the Internet, according to TorrentFreak.

Amazon Scores Flying Warehouse Patent That Will Send Out Delivery Drones

Amazon (AMZN - Free Report) has won a patent for an “airborne fulfillment center (AFC),” or a flying warehouse, like an airship or a blimp, that would float at an altitude of around 45,000 feet high. The AFC will serve as a base for drones to deliver packages to customers within minutes.

Bull of the Day: Microchip Technology (MCHP - Free Report)

The semiconductor industry has produced numerous winners in recent months, while the space at large has easily crushed the S&P 500. But with such big moves, investors have to be worried if this trend can continue in the New Year too. While it might not be such a sector-wide surge again in 2017, a few still look promising in this environment, such as Microchip Technology (MCHP - Free Report) .

Stocks that Aren't in the News…Yet

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