Schaeffer's 43rd Anniversary Stock Picks in 2024

Dow Jones Industrial Average, Crude Take Flight

Crude hit a year-to-date peak as stocks rallied

Apr 15, 2015 at 4:24 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) traded higher from start to finish, as JPMorgan Chase & Co. (NYSE:JPM) extended its earnings-induced gains, and Intel Corporation (NASDAQ:INTC) showed off earnings strength of its own. The blue-chip index now awaits results from two other financial heavyweights -- as well as UnitedHealth Group Inc. (NYSE:UNH) -- tomorrow. Elsewhere, the Nasdaq Composite (COMP) took back the closely watched 5,000 mark and extended its impressive year-to-date lead. The biggest winner of all, though, was crude, which continued to blaze a path higher, reaching its highest levels of 2015.

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

The Dow Jones Industrial Average (DJIA - 18,112.61) held solid gains throughout the day. At the close, the blue-chip index was up 75.9 points, or 0.4%. Twenty-one of the index's 30 components finished in the black, with INTC's 4.3% after-earnings advance taking the top spot. On the flip side, UNH paced the losers with a 2.2% drop.

The S&P 500 Index (SPX - 2,106.69) stormed higher as well, adding 10.8 points, or 0.5%, to take back the 2,100 level. The Nasdaq Composite (COMP - 5,011.02) overtook 5,000 for a gain of 33.7 points, or 0.7%.

The CBOE Volatility Index (VIX - 12.84) dropped 0.8 point, or 6.1%, falling back below 13 and marking its second-lowest close of 2015.

CLOSING SUMMARY – INDICES

CLOSING SUMMARY – NYSE AND NASDAQ

5 Items on Our Radar Today:

  1. At a news conference this morning, a protestor rushed at European Central Bank (ECB) President Mario Draghi, leaping onto a desk and tossing confetti in the air. The protestor shouted "End the ECB dictatorship" before being carried away by security. (Reuters)
  2. Economic growth was primarily "modest" from mid-February through the end of March, according to the latest Beige Book from the Federal Reserve, as a stronger dollar, oil prices, and severe winter weather weighed on manufacturing demand. (CNBC)
  3. Freeport-McMoRan Inc's (NYSE:FCX) flew up the charts today -- but bears weren't impressed in the least.
  4. The construction firm that took a rally respite.
  5. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) was looking good today, trading at record highs.
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 skyrocketed to a fresh year-to-date high, after domestic supplies rose by less than forecast. By the close, May-dated oil was up $3.10, or 5.8%, at $56.39 per barrel.

After an early trek into the red, gold reversed course as the dollar cooled off. June-dated gold finished with a gain of $8.70, or 0.7%, at $1,201.30 an ounce, rebounding from a month-to-date low.

 

Nvidia and its powerful chips are the face of artificial intelligence.

But while everyone’s patting Nvidia on the back for record earnings…

It’s quietly moved on to the next phase of AI it plans to conquer…

Nvidia recently unveiled essential blueprints for this crucial $1 trillion pivot.

Click here now and find out about the three companies Nvidia absolutely needs to succeed in this vital new AI frontier. (ad)
schaeffer's opening view daily market newsletter

                                                                                                   
🚀 Try Options Under $5 Trade Alerts 
Target +150% Profit w/RT Entry&Exit

                                                                                                    

 
 

                                                                                                   
This stock is paying its highest dividend
in 15 years . . . 📈 (c/o Investors Alley)

                                                                                                    

 


                                                                                                   
Top 10 Investment Picks Poised For
Major Upside Before 2025 💰
 (FREE)

                                                                                                    

 

join schaeffer's market recap daily stock marketnewsletter

 

                                               ad                                                  
Some of Nvidia’s partners have already
surged as much as 4,744%. This is next …

                                                ad