Brutal Earnings Drag Dow Jones Industrial Average to 2015 Loss

The $1.8B Loss That Crushed This Stock

Jul 23, 2015 at 4:30 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is stuck on repeat, falling for a third straight day with disappointing earnings once again to blame. The blue-chip barometer finds itself back in the red for 2015, as a more than 40-year low in jobless claims fueled expectations for a September rate hike from the Fed. Elsewhere, crude continued to move lower, while gold snapped its brutal losing streak.  

 

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

 

 

The Dow Jones Industrial Average (DJIA - 17,731.95) got hammered again, falling as much as 146 points before closing 119.1 points, or 0.7%, below breakeven. Four of the 30 Dow components closed higher, led by Cisco Systems, Inc.'s (NASDAQ:CSCO) 1.7% gain. 3M Co's (NYSE:MMM) 3.8% earnings-induced drop paced the losers, as Travelers Companies Inc (NYSE:TRV) closed flat. 

 

The S&P 500 Index (SPX - 2,102.15) took a 12-point, or 0.6%, hit, as the tech-heavy Nasdaq Composite (COMP - 5,146.41) finished 25.4 points, or 0.5%, in the red.

 

The CBOE Volatility Index (VIX - 12.64) got a slight lift today -- and briefly topped 13 -- before closing 0.5 point, or 4.3%, higher. 

 

150723recap1

 

150723recap2

 

 

5 Items on Our Radar Today:

 

  1. Jobless claims made a bigger impact than normal today, as the number of people applying for benefits hit its lowest level since 1973. Filings fell to 255,000 for the week -- 26,000 lower than the previous week. (MarketWatch
  2. Italian car maker Ferrari plans to file an initial public offering in the U.S. Details are still being worked out, but parent company Fiat Chrysler Automobiles NV (NYSE:FCAU) is expected to own 80% of the new company. (The New York Times)
  3. As bad as it's been, things may get worse for this oil-and-gas name.
  4. So now we have weekly VIX futures -- but can we go shorter?
  5. How this athletic apparel firm exploded to all-time highs

 

150723recap3

 

150723recap4

 

150723recap5

 

Commodities:

 

Crude took another dive today, as concerns about a supply glut continued to weigh on prices. Crude for September delivery fell 74 cents, or 1.5%, to $48.45 per barrel -- an almost four-month low. 

 

Gold futures snapped their 10-session losing streak, rebounding from five-year lows. August-dated gold picked up $2.60, or 0.2%, to finish at $1,094.10 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