Dow Jones Industrial Average Roars Back as Dollar Drops

The Fed's two-day policy-setting meeting begins tomorrow

Mar 16, 2015 at 4:19 PM
facebook X logo linkedin


The Dow Jones Industrial Average (INDEXDJX:DJI) erased last week's losses today -- and muscled back into positive year-to-date territory -- as the dollar reversed sharply lower. In fact, by session's end, the blue-chip barometer was again within striking distance of the 18,000 millennium level. The gains came despite crude's drop to six-year lows, a generally disappointing round of economic data, and uncertainty ahead of tomorrow's Federal Open Market Committee (FOMC) meeting -- which will culminate in a highly anticipated policy update on Wednesday afternoon.

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

The Dow Jones Industrial Average (DJI - 17,977.42) jumped out of the gate and never looked back, adding 228.1 points, or 1.3%. At its session peak, the Dow was 11.5 points from the 18,000 marker. Twenty-eight of the Dow's 30 components ended above the flatline, paced by a 2.8% gain at UnitedHealth Group Inc. (NYSE:UNH). DuPont (NYSE:DD) and Intel Corporation (NASDAQ:INTC) were the two losers, down 4.3% and 0.3%, respectively.

The S&P 500 Index (SPX - 2,081.19) advanced 27.8 points, or 1.4%, while the Nasdaq Composite (COMP - 4,929.51) tacked on 57.8 points, or 1.2%.

The CBOE Volatility Index (VIX - 15.61) skidded to a 0.4-point, or 2.4%, loss. However, the market's "fear gauge" appeared to find a foothold at its 10-day moving average, located at 15.30.

CLOSING SUMMARY – INDICES

CLOSING SUMMARY – NYSE AND NASDAQ

5 Items on Our Radar Today:

  1. Output among vehicle manufacturers weighed on U.S. industrial production, which unexpectedly suffered its third straight monthly decline in February. Meanwhile, overall capacity utilization retreated to 78.9% from 79.1%, bucking expectations for a rise to 79.5%. (CNBC)
  2. The National Association of Home Builders (NAHB) housing market index posted its third consecutive monthly drop this month, giving back 2 points to 53, from the February's reading of 55. Economists had expected the index to rise to 56. (Reuters)
  3. How might these three stocks be impacted by tomorrow night's round of earnings reports?
  4. Find out why this gaming stock sank to a fresh annual low.
  5. The weekend tweet that excited Tesla Motors Inc (NASDAQ:TSLA) traders.

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

STOCKS – NOTABLE CALL ACTIVITY

STOCKS – NOTABLE PUT ACTIVITY

Commodities:

Oil settled at its lowest level in six years, as worries continued to mount over growing U.S. stockpiles. Despite forecasts for U.S. output reduction from the Organization of the Petroleum Exporting Countries (OPEC), the April-dated contracted slid 96 cents, or 2.1%, to close at $43.88 per barrel.

Gold managed a third straight daily gain, boosted by a weaker dollar. Specifically, gold for April delivery added 80 cents, or 0.1%, to land at $1,153.20 per 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