Dow Jones Industrial Average, Nasdaq Nosedive

Dow, Nasdaq Nosedive; 2 Oil Stocks Bucking the Trend

May 5, 2015 at 4:31 PM
facebook X logo linkedin


sell-off in China got the bearish ball rolling for the Dow Jones Industrial Average (DJIA), and trade data -- as well as the expected impact on first-quarter gross domestic product (GDP) -- exacerbated selling pressure. In addition, speculators eyed crude oil's surge, as well as reports that the International Monetary Fund could cut the purse strings for Greece.

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

 

 

The Dow Jones Industrial Average (DJIA - 17,928.20) steepened its slide throughout the session, settling 142.2 points, or 0.8%, lower to give back the 18,000 level. Visa Inc (NYSE:V) was the only Dow component in positive territory at the close, adding 0.6%. Apple Inc. (NASDAQ:AAPL) was the biggest loser, giving back 2.3%, while McDonald's Corporation (NYSE:MCD) finished flat.  

 

The S&P 500 Index (SPX - 2,089.46) was hit hard, as well. The index surrendered 25 points, or 1.2%, leaving behind the all-important 2,100 level. The Nasdaq Composite (COMP - 4,939.33) was even worse off, falling below 5,000 with a 77.6-point, or 1.6%, loss. 

 

The CBOE Volatility Index (VIX - 14.31) surged higher, adding 1.5 points, or 11.4%, to take out its 20-day moving average. 

 

150505recap1

 

150505recap2

 

5 Items on Our Radar Today:

 

  1. U.S. imports skyrocketed in March, bringing the country's trade deficit to its highest point in over six years. Economists are now saying this could mean a contraction in first-quarter GDP. (Reuters)
  2. Panera Bread Co (NASDAQ:PNRA) plans to reconsider over 150 ingredients  in an effort to offer healthier foods. The move comes only a few days after sector peer Chipotle Mexican Grill, Inc. (NYSE:CMG) announced it would no longer use genetically modified (GMO) ingredients.
  3. Is BlackBerry Ltd (NASDAQ:BBRY) due for a short-term bounce?
  4. 3 of the biggest movers on the day
  5. Estee Lauder Companies Inc's (NYSE:EL) blowout quarter took it to new heights today.

 

150505recapearnings

 

150505recap6

 

150505recap7

 

Commodities:

 

Crude oil shot higher today, as protests in Libya raised questions about supply. At the close, June-dated crude was up $1.47, or 2.5%, at $60.40 per barrel -- black gold's highest perch in nearly five months.

Gold futures moved higher as well, thanks to a cooling dollar and demand for "safe haven" investments. Gold for June delivery closed $6.40, or 0.5%, higher at $1,193.30 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