Dow Jones Industrial Average Notches Second Straight Triple-Digit Gain

6 Stocks to Watch in August

Jul 29, 2015 at 4:27 PM
facebook X logo linkedin

Despite a momentary slip into the red at the open following a round of disappointing earnings, the Dow Jones Industrial Average (DJIA) spent the entire session in the green. Although the index pared a portion of these gains as Wall Street digested the latest policy statement from the Fed -- which left the door open for a possible September rate hike -- buyers stepped in during the final stretch to push the DJI to a second consecutive triple-digit gain. Tomorrow, the case for an impending rate hike could be further strengthened with the advance reading on second-quarter gross domestic product (GDP) due. Additionally, social media stocks will continue to demand attention, with earnings from Facebook Inc (NASDAQ:FB) and LinkedIn Corp (NYSE:LNKD) in focus.

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



It was a fifth straight triple-digit day for the Dow Jones Industrial Average (DJIA - 17,751.39), with the 30-stock index tracking a nearly 148-point range -- and settling with a 121.1-point, or 0.7%, gain. Microsoft Corporation (NASDAQ:MSFT) led the 26 advancers with its 2.1% pop, following the launch of Windows 10. DuPont (NYSE:DD), meanwhile, paced the three decliners with its 0.8% loss. UnitedHealth Group Inc (NYSE:UNH) was unchanged.

The S&P 500 Index (SPX - 2,108.57) added 15.3 points, or 0.7%, and closed back above the 2,100 mark for the first time since last Thursday. Elsewhere, the Nasdaq Composite (COMP - 5,111.73) tacked on 22.5 points, or 0.4%.


The CBOE Volatility Index (VIX - 12.50) shed 0.9 point, or 7%, to close at its lowest level in a week.





5 Items on Our Radar Today:


  1. In its latest monetary policy update, the Federal Open Market Committee (FOMC) voted unanimously to leave interest rates unchanged. However, the central bank said the economy was "expanding moderately" following a first-quarter slowdown, and the "underutilization of labor resources has diminished since early this year" -- although it is still looking for "further improvement in the labor market." (Reuters via Schaeffer's Investment Research)
  2. David Taylor -- current president of PG's global beauty, grooming and healthcare division -- will replace A.G. Lafley as CEO, effective Nov. 1. Lafley will remain chairman of the board. (USA Today)
  3. TWTR hit an annual low of $31.06 in intraday action, after discouraging comments from the company's CEO -- and a round of downbeat analyst attention -- pressured the shares.
  4. Schaeffer's contributor Adam Warner offered up a quick lesson in how to play China with options.
  5. A disappointing turn in the earnings confessional sent Yelp Inc (NYSE:YELP) tumbling to levels not seen in more than two years.








Crude oil popped today -- notching its second-biggest daily percentage gain of the month -- following a bigger-than-expected drop in inventories. At session's end, crude for September delivery was up 81 cents, or 1.7%, at $48.79 per barrel.


Uncertainty surrounding the Fed's next rate hike sent the dollar higher -- and gold lower today. By the close, August-dated gold was off $3.60, or 0.3%, at $1,092.60 per ounce. After the Fed statement, however, gold turned higher in electronic trading.

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI