S&P Snaps Best Streak of '15; Dow Jones Industrial Average Edges Higher

25 Stocks That Crush It In the 4th Quarter

Oct 6, 2015 at 4:23 PM
facebook twitter linkedin

The Dow Jones Industrial Average (DJIA) explored a range of 119 points -- mostly to the upside -- helped by a big day for DuPont (NYSE:DD) and energy names. However, the blue-chip barometer was the exception to the rule, as lackluster trade data and a downwardly revised forecast from the International Monetary Fund (IMF) dragged the S&P 500 Index (SPX) to its first loss in six sessions. Meanwhile, a steep biotech slide sank the Nasdaq Composite (COMP), though the tech-rich index held on to its year-to-date gain. Looking ahead, traders will soon be dissecting comments from a noteworthy Fed member, as well as the unofficial start to earnings season.

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


The Dow Jones Industrial Average (DJIA - 16,790.19) spent time on both sides of breakeven, ultimately eking out a 13.8-point, or 0.1%, gain. Half of the Dow's 30 components ended higher, led by DuPont's 7.7% surge. UnitedHealth Group Inc (NYSE:UNH) paced the 15 laggards, dropping 3% as healthcare stocks took a dive.
The S&P 500 Index (SPX - 1,979.92), on the other hand, spent most of the day in the red, snapping its longest winning streak of the year. The Nasdaq Composite (COMP - 4,748.36) fared the worst of its peers, surrendering 32.9 points, or 0.7%, as biotech stocks swooned.

The CBOE Volatility Index (VIX - 19.40) struggled to pick a direction, settling with a 0.1-point, or 0.7%, drop to remain south of 20.



5 Items on Our Radar Today:

  1. The U.S. trade gap jumped a month-over-month 15.6% in August, to a five-month high of $48.3 billion, the Commerce Department reported. A strong dollar sent U.S. exports to a three-year low, while demand for new Apple Inc. (NASDAQ:AAPL) iPhones bolstered imports.  (MarketWatch)
  2. While traders in Asia cheered a Trans-Pacific Partnership (TPP), the European Union (EU) killed a 15-year trans-Atlantic data agreement that could impact several U.S. tech titans. The Obama administration weighed in, expressing concern about "the economic consequences" of the landmark ruling.  (Reuters; MarketWatch)
  3. Microsoft Corporation (NASDAQ:MSFT) hosted an event in New York, unveiling a new line of products.
  4. As oil prices rallied, call volume spiked on this pair of big-cap energy names.
  5. Morgan Stanley weighed in on Tesla Motors Inc's (NYSE:TSLA) Model X sticker price.






Crude oil rocketed to a five-week high, after the Energy Information Administration (EIA) predicted declining oil output through the next year. In addition, Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Abdulla el-Badri said oil prices should bounce back amid a drop in investments, and opined that OPEC and non-OPEC members should collaborate to ease global supplies. By the close, the November-dated contract added $2.27, or 4.9%, to sit at $48.53 per barrel.

A softer dollar helped gold futures higher, with the December contract adding $8.80, or 0.8%, to sit at $1,146.40 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