GDP, Oil Spark 369-Point Gain for Dow Jones Industrial Average

6 Stocks for Your September Watch List

Aug 27, 2015 at 4:22 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) came out swinging for a third straight session, and ended comfortably higher for the second day in a row. A rally in China and a favorable gross domestic product (GDP) "reset" got the bullish ball rolling, and a major oil rebound kept some wind in the bulls' sails. By the close, the blue-chip barometer was in the black for the week, and out of correction territory.


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

The Dow Jones Industrial Average (DJIA - 16,654.77) gave Wall Street a little scare around 3 p.m. ET, but eventually regained steam to end 369.3 points, or 2.3%, higher. Yet again, all 30 Dow components moved in unison, with oil issue Chevron Corporation (NYSE:CVX) leading the pack with a 6.2% surge.

The S&P 500 Index (SPX - 1,987.66) ended near a session high, gaining 47.2 points, or 2.4%. The Nasdaq Composite (COMP - 4,812.71) outperformed its peers, tacking on 115.2 points, or 2.5%, to claw out of correction territory. The SPX and COMP are also in the black for the week.

The CBOE Volatility Index (VIX - 26.10) gave back another 4.2 points, or 13.9%, marking its third straight loss.







5 Items on Our Radar Today:


  1. Venezuela reportedly requested an emergency meeting with the Organization of the Petroleum Exporting Countries (OPEC), in hopes of stopping the proverbial bleeding in crude, which is just off six-year lows. (MarketWatch)
  2. Apple Inc. (NASDAQ:AAPL) confirmed it will hold an event on Wednesday, Sept. 9. Apple told invitees to prompt Siri for a hint, but always the professional, she responded with things like, "Why don't you check a rumors blog? That's what I do." In addition, Fitbit Inc (NYSE:FIT) sat out the rally on reports that AAPL is hot on its trail.  (CNBC)
  3. Freeport-McMoRan Inc (NYSE:FCX) traders cheered major cost-cutting plans.
  4. How, Inc. (NASDAQ:AMZN) is following in the footsteps of Netflix, Inc. (NASDAQ:NFLX).
  5. Chesapeake Energy Corporation (NYSE:CHK) and Exxon Mobil Corporation (NYSE:XOM) are drawing a crowd in the options pits.










Crude enjoyed its biggest one-day gain since 2009, thanks to upbeat economic data, a decline in weekly inventories, and Venezuela's request for an OPEC audience. By the close, the October contract was up $3.96, or 10.3%, to settle at $42.56 per barrel.


On the flip side, gold ended lower for the fourth straight session, due to a stronger dollar and as encouraging economic data diminished the metal's appeal as a safe-haven investment. December-dated gold ended $2, or 0.2%, lower at $1,122.60 an 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI