Dow Jones Industrial Average, Crude Take Flight

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

by Josh Selway

Published on Apr 15, 2015 at 4:24 PM
Updated on Apr 20, 2015 at 5:32 PM

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.



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.

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




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.

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!



NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories

The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.
Wall Street Reclaims Two Key Trendlines This Week
U.S.-China tensions and dire economic data still weigh, though
Dell Stock Jumps on Upbeat First Quarter
DELL announced an upbeat first-quarter report
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.