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 twitter 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.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1