Dow Jones Industrial Average Freezes as Juno Looms

Greek elections translated into losses for crude oil and gold

Jan 26, 2015 at 4:19 PM
facebook X logo linkedin


Figuratively speaking, it was a hot-and-cold session on Wall Street today. In the literal sense, Wall Street -- and all of New York City -- was asked to "prepare for something worse than we have seen before" by Mayor Bill de Blasio, as Winter Storm Juno approached the Northeast. As traders hunkered down -- and digested results of the weekend snap election in Greece -- the Dow Jones Industrial Average (INDEXDJX:DJI) and its sector peers fluctuated between gains and losses, but the blue-chip barometer ultimately resolved to the upside (albeit barely).

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

The Dow Jones Industrial Average (DJI - 17,678.70) explored a range of nearly 129 points, but essentially called it a draw by the close, adding 6.1 points, or 0.03%. Chevron Corporation (NYSE:CVX) paced the 17 gainers, tacking on 1.9%, while Intel Corporation (NASDAQ:INTC) led the 13 decliners with a 1.8% drop.

The S&P 500 Index (SPX - 2,057.09) also traded on both sides of breakeven, but finished with a gain of 5.3 points, or 0.3%. The Nasdaq Composite (COMP - 4,771.76) dropped out of the gate, but clawed its way higher by midday, adding 13.9 points, or 0.3%.

The CBOE Volatility Index (VIX - 15.52) gave up 1.1 points, or 6.8%, to settle at a session low, marking the "fear barometer's" first finish south of 16 in 2015.

CLOSING SUMMARY – INDICES

CLOSING SUMMARY – NYSE AND NASDAQ

5 Items on Our Radar Today:

  1. Ahead of Winter Storm Juno, airlines canceled more than 3,500 flights, and Amtrak even warned that it "may re-evaluate" its rail schedule "as conditions warrant." However, the NYSE and Nasdaq plan to maintain the status quo tomorrow. (CNBC; MarketWatch)
  2. Uber, meanwhile, said it will cap its surge pricing in New York at "2.8x the normal fare," and according to the company's policy, proceeds during a "disaster or state of emergency" will be donated to the American Red Cross. (TechCrunch)
  3. Did a new licensing agreement spark a shift in sentiment for Universal Display Corporation (NASDAQ:OLED)?
  4. Why option traders are gambling on all-time highs for MYL.
  5. Analysts at BMO weighed in on PFE ahead of earnings tomorrow.
EARNINGS

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

STOCKS – NOTABLE CALL ACTIVITY

STOCKS – NOTABLE PUT ACTIVITY

Commodities:

Crude futures finished a wishy-washy session in the red, even after Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Abdalla el-Badri opined that oil prices could rebound "very soon" -- and climb as high as $200 per barrel, "if [producers] don't invest in oil and gas." By the close, March-dated crude fell 44 cents, or 1%, to $45.15 per barrel.

Gold extended its retreat, with traders taking profits after the radical Syriza party won a snap election in Greece. February-dated gold gave up $13.20, or 0.1%, to finish at $1,279.40 an ounce.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI