Real-Time Market Insights
Hot Stock News for Options Traders

Market Recap: Alcoa, Global Data Sparks Rally in U.S. Stocks

While the COMP added roughly 1%, the DJIA gained 0.9%

by 1/10/2012 4:28:22 PM
Stocks quoted in this article:
Page 1Page 2

After three consecutive losing sessions, crude-oil futures closed higher Tuesday, amid a rally in the broader equities markets. A faltering dollar and strong import data from China, coupled with potential supply interruptions by way of Iran and Nigeria, lifted the commodity to a win. By the close, February-dated crude added 93 cents, or 0.9%, to land at $102.24 a barrel.

Similarly, gold futures reversed their two-day slide, ending with their best settlement in four weeks. As EU leaders continue to try to right the region's financial problems, the greenback softened, attracting investors back to the precious metal. Against this backdrop, gold for February delivery added $23.40, or 1.5%, to finish at $1,631.50 an ounce, marking its highest close since Dec. 13.

Levels to Watch in Trading:

  • Dow Jones Industrial Average (DJIA 12,462.47) - support at 10,500; resistance at 13,000
  • S&P 500 Index (SPX 1,292.08) - support at 1,100; resistance at 1,400
  • Nasdaq Composite (COMP 2,702.50) - support at 2,100; resistance at 2,900

At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.



OUTPERFORMING AND UNDERPERFORMING SECTORS

STOCKS  MOVERS

STOCKS  EARNINGS

STOCKS  NOTABLE CALL ACTIVITY

STOCKS  NOTABLE PUT ACTIVITY

STOCKS  NEW ANNUAL HIGHS

STOCKS  NEW ANNUAL LOWS

SCHAEFFER'S MARKET POSTURE

Page 1Page 2
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 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.