Energy, Inflation Data Send Dow Jones Industrial Average to Triple-Digit Win

The Phenomenon That Could Send These 3 Outperformers to New Highs

Sep 16, 2015 at 4:29 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) notched another triple-digit gain, as pre-Fed traders once again chose to abide by the "bad news is good news" mantra. Specifically, although the consumer price index (CPI) unexpectedly declined last month, many believe this could cause the Fed to delay raising interest rates. The Federal Open Market Committee (FOMC), which has been keeping tabs on inflation and employment, is slated to unveil its highly anticipated policy decision tomorrow afternoon. Also helping to stoke the risk-on flames was a big rally in energy; October-dated crude jumped more than 5%, after domestic inventories declined.

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


The Dow Jones Industrial Average (DJIA - 16,739.95) spent almost the entire session in the green, closing with a 140.1-point, or 0.8%, win -- and notching its highest settlement since Aug. 20. All but one Dow component closed higher, led by General Electric Company's (NYSE:GE) 2.5% pop. Verizon Communications Inc. (NYSE:VZ) was the sole decliner, shedding 0.4%.

The S&P 500 Index (SPX - 1,995.31) came within striking distance of the 2,000 mark, closing with a 17.2-point, or 0.9%, gain. The Nasdaq Composite (COMP - 4,889.24), meanwhile, lagged its peers, adding 28.7 points, or 0.6%.

The CBOE Volatility Index (VIX - 21.35) gave back 1.2 points, or 5.3%, to finish at its lowest mark since Aug. 20.




5 Items on Our Radar Today:


  1. The consumer price index (CPI) unexpectedly declined in August for the first time since January -- keeping inflation well below the Federal Reserve's 2% target. Elsewhere on the economic front, homebuilder sentiment jumped to its highest mark in almost a decade. (Bloomberg)
  2. Ahead of next week's state visit by Chinese President Xi Jinping, President Barack Obama equated recent hacking incidents that have been blamed on Beijing as "industrial espionage" and "an act of aggression that has to stop." Additionally, Obama said that it's not a "matter of us being mildly upset," and if the U.S. "wanted to go on the offense, a whole bunch of countries would have significant problems." (USA Today)
  3. Schaeffer's contributor Adam Warner on how the market is pricing in tomorrow's "Biggest. Fed. Decision. Ever."
  4. M&A activity was rampant on the Street today, with Adept Technology Inc (NASDAQ:ADEP) and Anheuser Busch Inbev SA (ADR) (NYSE:BUD) soaring in the wake of their respective announcements. 
  5. The brokerage bunch was less than enthused with Hewlett-Packard Company's (NYSE:HPQ) cost-cutting plans.






Crude oil rose for a second straight session, after the Energy Information Administration (EIA) said domestic inventories surprisingly declined for the first time in three weeks -- and by the largest amount in seven months. By the close, crude for October delivery jumped $2.56, or 5.7%, to end at $47.15 per barrel.

The unexpected drop in the CPI sent gold higher today, with the December-dated contract adding $16.40, or 1.5%, to end at $1,119 per ounce -- the malleable metal's best day in almost a month.


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