Dow Jones Industrial Average Ekes Out a Record Win Ahead of Fed

2 Oil Stocks Taking It On the Chin; Plus, the Lotto Stock That Hit the Jackpot

May 19, 2015 at 4:18 PM
facebook X logo linkedin


Another day, another record high for the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX). However, despite reaching these historic milestones, both benchmarks cooled their jets by the close -- the Dow pressured by post-earnings dips for blue chips Wal-Mart Stores, Inc. (NYSE:WMT) and Home Depot Inc (NYSE:HD). In addition, traders eyed a soaring greenback, which pressured dollar-denominated assets like gold and crude. On the economic front, strong housing construction data exacerbated concerns the Fed may choose to lift interest rates sooner rather than later, while the Street's on pins and needles ahead of tomorrow afternoon's Fed meeting minutes.

 

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

 

 

The Dow Jones Industrial Average (DJIA - 18,312.39) hit a record high of 18,351.36, and settled on a gain of 13.5 points, or 0.1%. Nineteen of the Dow's 30 components ended higher, paced by a 2.7% advance by McDonald's Corporation (NYSE:MCD). WMT paced the 11 blue-chip laggards, falling 4.4%.

 

The S&P 500 Index (SPX - 2,127.82) also raced to an all-time best of 2,133.02, but ultimately ended on a loss of 1.4 points, or 0.1%. The Nasdaq Composite (COMP - 5,070.03) dipped 8.4 points, or 0.2%.

 

The CBOE Volatility Index (VIX - 12.85) ended a see-saw session 0.1 point, or 0.9%, above breakeven. It was the fourth consecutive sub-13 finish for the market's "fear gauge."

 

150519recap1

 

150519recap2

 

5 Items on Our Radar Today:

 

  1. April housing starts grew at the fastest pace since November 2007, increasing 20.2% from a month prior to hit an annual rate of 1.135 million, according to the Commerce Department. Building permits likewise jumped 10.1% to an annualized pace of 1.143 million -- its highest mark in nearly seven years. (Los Angeles Times)
  2. Japanese airbag manufacturer Takata is nearly doubling the size of its recall to 34 million vehicles. The recall -- prompted by a rash of exploding airbags that caused injuries and several deaths -- is the largest ever in automotive history. (CNNMoney)
  3. Will Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) survive? These call buyers think so.
  4. MannKind Corporation (NASDAQ:MNKD) continues to bounce back from recent lows, but skepticism remains.
  5. Stifel's mea culpa sent shares of this drugmaker sharply higher.

 

150519recap3

 

150519recap4

 

150519recap5

 

Commodities:

 

Crude futures staggered to their lowest settlement in a month, pressured by a stronger dollar and indications the U.S. and Saudi Arabia are increasing production. At the close, June crude was down $2.17, or 3.7%, at $57.26 per barrel.


 

The greenback also weighed on gold, which pulled back from a three-month high and snapped a five-day winning streak. Specifically, June-dated futures shed $20.90, or 1.7%, to land at $1,206.70 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