Midday Report: Surprise Gain in Crude Inventories; Dow Struggles to Reach 20,000

The Dow Jones Industrial Average holds close to the 20,000 milestone, though it can not muster the momentum to secure the marker.
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The Dow Jones Industrial Average held close to the 20,000 milestone, though it could not muster the momentum to secure the marker. Better-than-expected earnings from Nike (NKE) - Get Report failed to deliver the big bump the blue-chip index needed to cross the threshold. Existing home sales in November hit a nearly nine-year high. That's the latest sign the housing market remains robust even as high prices and constrained supply temper demand. Sales of previously owned homes increased by 0.7%. Crude oil turned lower after a surprise gain in domestic oil inventories over the past week. The EIA reported an increase of 2.26 million barrels to U.S. stockpiles. Accenture (ACN) - Get Report fell after issuing disappointing guidance for its fiscal 2017. Its current-quarter sales projections also missed estimates.