Late-Day Bailout Push Helps Dow Jones Industrial Average Secure Weekly Win

The Dow Jones Industrial Average (DJIA) ended its staggering run of triple-digit ranges -- albeit barely -- even as stocks enjoyed an eleventh-hour push on word of a Greek bailout deal. Specifically, the European Commission confirmed an 86-billion-euro, three-year loan to Greece. With the gains, the Dow closed the week comfortably higher, and even oil bounced from a six-year low. Looking ahead, Wall Street next week will pore over the latest Fed meeting minutes for rate-hike-timing clues, while blue chips Wal-Mart Stores, Inc. (NYSE:WMT) and Home Depot Inc (NYSE:HD) will headline a plethora of retail names reporting.

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

• Why these 3 biotechs exploded for insane gains while this rival took a nosedive. 
• How Shake Shack Inc (NYSE:SHAK) traders played brand-new options, and why this sector peer landed on the short-sale restricted list. 
• Has Wall Street been ignoring a "massive opportunity" in this sector? One CEO thinks so. 
• Plus ... The Stars and Stripes in Cuba, factory production ramps up, and Elon Musk ups the ante. 

The Dow Jones Industrial Average (DJIA - 17,477.40) spent most of the day dancing right above breakeven, but ended 69.2 points, or 0.4%, higher after a late-day swell. Of the 30 Dow components, 24 closed higher, with DuPont (NYSE:DD) leading the way with a 1.6% gain. Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM) paced the losers, each dropping 0.4%. The DJIA ended the week 0.6% higher. 

The S&P 500 Index (SPX - 2,091.54) also managed a modest gain, picking up 8.2 points, or 0.4%, to end near a session high. The Nasdaq Composite (COMP - 5,048.24) clawed its way out of the red in afternoon trading, ending 14.7 points, or 0.3%, higher. The SPX closed the week with a 0.7% lead, while the COMP added 0.1%. 

The CBOE Volatility Index (VIX - 12.83) dropped 0.7 point, or 4.9%, to near a session low, settling just below its 10- and 20-day moving averages. The "fear gauge" lost 4.2% on the week. 

5 Items on Our Radar Today:

1. For the first time in 54 years, a U.S. embassy is open in Cuba. The three Marines who took down the flag when the last embassy closed in 1961 were on hand for the ceremony, during which Secretary of State John Kerry said, "The time has come for us to move in a more promising direction," and called for "a genuine democracy" in Cuba. (The Washington Post) 
2. Industrial production for July beat out economists' expectations, thanks to particularly strong numbers from the auto market. Overall, factory production's month-over-month advance was its largest since November. (​Bloomberg​)
3. Disappointing earnings sunk this chipmaker to new lows. 
4. Tesla Motors Inc (NASDAQ:TSLA) unveiled a $500 million stock offering on Thursday -- but apparently that wasn't enough. 
5. Schaeffer's contributor Adam Warner discusses why the recent insider trading bust was quite interesting. 

Commodities:

Crude oil fought back from its lowest close in six years, on news the U.S. will soon sell crude to Mexico. For September delivery, crude added 27 cents, or 0.6%, to settle at $42.50 per barrel. Crude oil ended the week 3.1% lower, marking its seventh straight weekly drop. 

Conversely, gold took a hit as the U.S. dollar strengthened. Gold for December slipped $2.90, or 0.3%, closing at $1,112.70 an ounce. The precious metal still managed to close the week 1.6% higher, however, marking its best week in almost two months.