Dow Cruises to Another Win

Oil prices also rose once again

Josh Selway

Feb 13, 2019 at 4:29 PM

SPX
FCX
DJI
ATVI

U.S. stocks rose again today, with the Dow posting another triple-digit victory. Mostly, the gains were fueled by the same tailwinds from Tuesday, namely the tentative budget deal to avoid a government shutdown, and potential flexibility for the March 1 trade deadline with China. Big days from Activision Blizzard (ATVI) and Freeport-McMoRan (FCX) guided the S&P 500 to another close above its 200-day moving average, while the Nasdaq also grabbed a win.

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

What sent El Pollo LoCo traders into a frenzy.
Stocks are verging on a signal not seen in 3 years.
The e-commerce stock that jumped on a hemp deal.
Plus, weed firm's earnings due out; drug stock sinks; and an unusual VIX streak.

The Dow Jones Industrial Average (DJI - 25,543.27) closed up 117.5 points, or 0.5%, with 23 of 30 blue chips finishing in the black. Home Depot's (HD) 1.6% win lead the way, and the biggest decliner was Cisco Systems (CSCO), down 0.8% ahead of earnings.

The S&P 500 Index (SPX - 2,753.03) rose 8.3 points, or 0.3%, and the Nasdaq Composite (IXIC - 7,420.38) managed to close up 5.8 points, or 0.1%.

The Cboe Volatility Index (VIX - 15.65) also ended positive, up 0.2 point, or 1.4%.

us closing index prices feb 13

nyse and nasdaq stats feb 13

5 Items on our Radar Today

Google announced it's planning on investing $13 billion in data centers and other offices in the U.S. this year. The spending will take place in Nebraska, Nevada, Texas, Ohio, Oklahoma, South Carolina, and Virginia. (Reuters)
Elsewhere in tech, the Securities and Exchange Commission (SEC) said it was charging a former Apple (AAPL) attorney for insider trading. Also, Apple is reportedly planning on launching a streaming service in the coming months. (CNBC)
Options traders are gearing up for this weed company's earnings reveal.
Earnings sank this drug stock today.
Inside an unusual VIX streak.

corporate earnings feb 13

unusual options volume feb 13

Data courtesy of Trade-Alert

Oil Posts Another Winning Session

Oil prices again gained, thanks to Saudi Arabia's willingness to decrease crude exports. March-dated crude rose 80 cents, or 1.5%, to $53.90 per barrel, though gains were capped by another jump in weekly crude inventories.

Gold also rose again, marking a second straight win. April-dated gold closed up $1.10 at $1,315.10 an ounce.

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!