Dow Jones Industrial Average Secures Second Straight Weekly Win

2 Stocks Soaring on Big News Out of China

May 15, 2015 at 4:26 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) started and ended on a positive note, but spent most of the session south of breakeven, due to a batch of disappointing economic and sentiment data and caution ahead of next week's highly anticipated Fed event. The blue-chip barometer regained momentum in the final minutes of trading, ending near a session high -- and within 16 points of a record. The S&P 500 Index (SPX) followed a similar path, but resolved to the upside -- and at another record closing high. On a weekly basis, both major market indexes secured a second straight weekly win.

 

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

 

 

The Dow Jones Industrial Average (DJIA - 18,272.56) waffled on both sides of breakeven -- and came within a chip-shot of notching a fresh all-time best -- before settling up 20.3 points, or 0.1%. Eighteen of the Dow's 30 components gained ground, led by Cisco Systems, Inc.'s (NASDAQ:CSCO) 1.7% pop. Microsoft Corporation (NASDAQ:MSFT) paced the 12 decliners with its 0.9% drop. For the week, the DJIA added 0.4%.

 

The S&P 500 Index (SPX - 2,122.73) also explored both positive and negative territory, but managed to muscle 1.6 points, or 0.1%, higher to hit a new record close. The Nasdaq Composite (COMP - 5,048.29) lagged its peers, giving back 2.5 points, or 0.1%. On a weekly basis, the SPX and COMP added 0.3% and 0.9%, respectively.

 

The CBOE Volatility Index (VIX - 12.38) surrendered 0.4 point, or 2.8%, to settle at its lowest mark since April 24. Week-over-week, the market's "fear gauge" shed 3.7%.

 

150515RecapCalls

 

150515RecapCalls

 

5 Items on Our Radar Today:

 

  1. Factory activity in New York grew in May, but less than economists had expected. Elsewhere, industrial production declined by a wider-than-forecast margin in April, while consumer sentiment unexpectedly dropped in May -- and fell to its lowest level in seven months. (CNBC; MarketWatch; Bloomberg)
  2. Carl Icahn has invested $100 million into Lyft -- a San Francisco-based car-sharing service that rivals Uber. Lyft President John Zimmer said, "With this additional investment, we remain focused on deepening our U.S. footprint." (Bloomberg)
  3. 3D Systems Corporation (NYSE:DDD) fell to a multi-year low following news the company is switching out its chief financial officer.
  4. Analysts waxed optimistic on this fast-food giant's ability to "welcome ideas" to boost shareholder value.
  5. Schaeffer's contributor Adam Warner took a closer look at the "biggest VIX trade ever."

150515recap51

 

150515RecapCalls

 

150515RecapPuts

 

Commodities:

 

Crude oil fell for a third straight session, on reports that the number of active rigs declined by the slimmest margin since December. By the close, crude for June delivery was down 19 cents, or 0.3%, at $59.69 per barrel. Week-over-week, though, crude tacked on 0.5% -- its ninth consecutive weekly advance.

 

Gold futures edged higher today, as the dollar retreated. At session's end, June-dated gold was up 10 cents at $1,225.30 per ounce. On a weekly basis, gold rallied 3.1% -- its best weekly percentage gain since January.

 

 

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