Dow Jones Industrial Average Jumps Ahead of Fed, Earnings Season

25 Stocks to Avoid in 4Q; Plus, Behind GoPro's Record Low

Oct 7, 2015 at 4:31 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) tracked a nearly 200-point trading range today. Although the blue-chip barometer spent time on both sides of breakeven, the action eventually resolved to the upside, as a rebound in biotechs outweighed pressure from the energy sector. Elsewhere, the S&P 500 Index (SPX) came within a chip-shot of toppling the critical 2,000 mark for the first time since mid-September, while the Nasdaq Composite (COMP) extended its year-to-date lead.

Looking ahead, the rest of the week should be a busy one. Not only will traders be dissecting the minutes from the September Fed meeting with a fine-toothed comb, they'll also be contemplating the unofficial start of earnings season.

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

The Dow Jones Industrial Average (DJIA - 16,912.29) was down 25 points at midday, before muscling back to a 122.1-point, or 0.7%, gain. The Dow has ended higher four sessions in a row, marking its best winning streak since July. Twenty-five of the Dow's 30 components closed higher, led by Merck & Co., Inc.'s (NYSE:MRK) 2.3% pop. Nike Inc (NYSE:NKE) paced the five decliners with its 0.9% drop.
The S&P 500 Index (SPX - 1,995.83) came within one point of toppling the 2,000 mark in intraday action, and settled up 15.9 points, or 0.8%. The Nasdaq Composite (COMP - 4,791.15), meanwhile, outperformed its peers, adding 42.8 points, or 0.9%.

The CBOE Volatility Index (VIX - 18.40) shed 1 point, or 5.2%, to close at its lowest perch since Aug. 20.


5 Items on Our Radar Today:

  1. NOK unveiled a number of managerial and organizational updates to its planned takeover of Alcatel Lucent SA (ADR) (NYSE:ALU). Specifically, NOK plans to combine managers from both firms, with the combined company creating four groups -- Mobile Networks, Fixed Networks, Applications & Analytics, and IP/Optical Networks. The acquisition is expected to be completed in the first half of 2016. (MarketWatch)
  2. Bill Ackman's disdain for HLF has been fodder for the Street for some time, and today, the activist investor said he has "lots of new stuff, none I can report," and to "stay tuned." The comments were enough to send HLF down 7.4%, while sector peer Nu Skin Enterprises, Inc. (NYSE:NUS) plunged on a dismal forecast.
  3. Schaeffer's contributor Adam Warner took a closer look at the "insider trading" allegations levied against one DraftKings employee.
  4. This cybersecurity name got a lift after unveiling its newest acquisition.
  5. How Saudi Arabian royalty helped prop up Twitter Inc (NYSE:TWTR).




Crude oil erased an early lead, after the Energy Information Administration (EIA) reported a surprise climb in weekly inventories and domestic production. At the close, November-dated crude was down 72 cents, or 1.5%, at $47.81 per barrel -- black gold's first loss in four sessions.

Gold futures rose for a fourth straight day, with gold for December delivery settling up $2.30, or 0.2%, at $1,148.70 per 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