Dow Jones Industrial Average Soars 165; S&P Tops 2,100

5 Stocks Making Moves on Merger Monday

Nov 2, 2015 at 4:20 PM
facebook X logo linkedin


On the heels of a banner month, the Dow Jones Industrial Average (DJIA) kicked off November in bullish form, rising triple digits. Meanwhile, an energy rally helped the broader S&P 500 Index (SPX) topple the round 2,100 level for the first time since mid-August -- potentially setting up the benchmark for a run at all-time highs. Adding to the risk-on sentiment was a raft of M&A activity, and a monthly climb in construction spending to its highest level since March 2008

Continue reading for more on today's market, including

The Dow Jones Industrial Average (DJIA - 17,828.76) headed higher out of the gate and never looked back, finishing on a lead of 165.2 points, or 0.9%. Twenty-five of the Dow's 30 components ended on a gain, led by Chevron Corporation's (NYSE:CVX) 4.5% pop. Visa Inc (NYSE:V) paced the five blue-chip decliners, shedding 3.1% after its earnings miss. Thanks to today's gain, the Dow is back in positive territory for 2015.

The S&P 500 Index (SPX - 2,104.05) tacked on 24.7 points, or 1.2%, finishing above the round 2,100 level for the first time since Aug. 17. The Nasdaq Composite (COMP - 5,127.15) outdid its peers, barreling 73.4 points, or 1.5%, higher.

The CBOE Volatility Index (VIX - 14.15) slid 0.9 point, or 6.1%, to notch its lowest close since mid-August.

151102Recap1



151102Recap2

5 Items on Our Radar Today:

  1. Volkswagen came under fire again, as the Environmental Protection Agency issued the automaker a second violation. Another 10,000 vehicles were added to the list of over 11 million affected by VW's installation of software designed to cheat emissions tests. (CNBC)
  2. According to the Thomson Reuters/PayNet Small Business Lending Index, small business borrowing was up in September. The index, which hit a record high in June, showed an 11% increase over this time last year. (Reuters, via Yahoo! Finance)
  3. It was a rough day for the shares of Chipotle Mexican Grill, Inc. (NYSE:CMG), after an E. coli outbreak forced the burrito giant to shut down restaurants in two states.
  4. After weeks of trouble, Valeant Pharmaceuticals Intl Inc (NYSE:VRX) tried to stage a recovery in the face of more analyst pessimism
  5. A real-life murder mystery found a new streaming home -- and sent the shares of this Internet radio company soaring


151102Earnings



151102Recap4



151102Recap5

Commodities:

December crude oil gave up 45 cents, or 1%, closing at $46.14 a barrel, thanks to weak factory data out of China and increased production from Russia. 

Gold hit a four-week low, with the December contract closing at $1,135.90 an ounce, a loss of $5.50, or 0.5%. Hawkish notes from last week's Fed meeting are still weighing on the commodity, which failed to respond to a slightly weaker dollar today. 

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI