Market Recap

Dow Jones Industrial Average Comes Close, But Can't Snap Losing Streak

The conflict in Yemen moved oil higher once again

by 3/26/2015 4:26:55 PM
Stocks quoted in this article:

After a dismal start, the Dow Jones Industrial Average (DJIA) made a strong push in the second half of the day -- and traded in positive territory for a short time -- but eventually finished slightly lower. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) both followed similar paths, closing well off their intraday lows. Also, for the fifth day in a row, crude shot higher, with conflicts in Yemen stoking supply worries. Likewise, safe-haven demand ushered gold to a seventh straight win. On the economic front, weekly jobless claims came in at their lowest point in over a month. For tomorrow, traders will be zeroed in on the final fourth-quarter gross domestic product (GDP) figures.

Continue reading for more on today's market, including:

The Dow Jones Industrial Average (DJIA - 17,678.23) was down almost 140 points at its session low, but ultimately pared its loss to 40.3 points, or 0.2%, for a fourth straight drop. Of the Dow's 30 components, seven moved higher, led by International Business Machines Corp.'s (NYSE:IBM) 0.9% gain. American Express Company (NYSE:AXP) was the biggest loser, dropping 2%.

The S&P 500 Index (SPX - 2,056.15) peeked above breakeven in afternoon action, but fell 4.9 points, or 0.2%, by the close. The Nasdaq Composite (COMP - 4863.36) lost 13.2 points, or 0.3%, after being down 50 points out of the gate.

The CBOE Volatility Index (VIX - 15.80) jumped again today, adding 0.4 point, or 2.3%.

CLOSING SUMMARY – INDICES

CLOSING SUMMARY – NYSE AND NASDAQ

5 Items on Our Radar Today:

  1. A French prosecutor is claiming that the co-pilot of the German Airbus that crashed in France on Tuesday took the plane down intentionally. The prosecutor, Brice Robin, asserted that the co-pilot locked the captain out of the cockpit, and preceded to show actions that to him seemed like a "willingness to destroy this aircraft."(MarketWatch)
  2. Iranian leaders are ordering an end to all Saudi-led military action in Yemen. The demand comes after Saudi-led airstrikes took place on Thursday. Iranian Foreign Minister Mohammad Javad Zarif stated, "We will make all efforts to control the crisis in Yemen. (Reuters)
  3. Option bulls were there to meet Novo Nordisk A/S (ADR) (NYSE:NVO) as it hit all-time highs today.
  4. It hasn't been a great week for Juniper Networks, Inc. (NYSE:JNPR), and short-term put buyers are taking notice.
  5. No one wants to watch that Jaguars-Bills game the NFL is streaming, right? Well, actually ...
EARNINGS

For a look at today's options movers and commodities activity, head to page 2.

Page 1Page 2

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.