Dow Jones Industrial Average Extends Slide to Day 3

3 Signs for Gold Bugs; Plus, Apple's Plans Go Kaput

Dec 9, 2015 at 4:26 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) fell for a third consecutive day, failing to hold on to a triple-digit gain. A brief jump in oil prices initially fueled the bulls, as did a huge gain for DuPont (NYSE:DD) amid big M&A news. However, as oil backpedaled and tech stocks slumped, the major indexes turned tail, with the S&P 500 Index (SPX) dropping further into negative year-to-date territory.

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

The Dow Jones Industrial Average (DJIA - 17,492.30) explored a range of more than 360 points, but eventually slid 75.7 points, or 0.4%, with DuPont's (NYSE:DD) 11.9% gain not enough to make up for losses from 24 of the blue-chip components. AAPL and Nike Inc (NYSE:NKE) paced the losers, dropping more than 2% each.

The S&P 500 Index (SPX - 2,047.62) lost 16 points, or 0.8%. The tech-heavy Nasdaq Composite (COMP - 5,022.87) fell 75.4 points, or 1.5%, paring its year-to-date gains to just over 6%.

The CBOE Volatility Index (VIX - 19.61) added 2 points, or 11.4%, hitting its highest close more than three weeks. 



5 Items on Our Radar Today:

  1. More than 120 students at Boston College have reportedly been infected with norovirus, linked to Chipotle Mexican Grill, Inc.'s (NYSE:CMG) latest food-borne illness outbreak. A spokesperson for Chipotle sent out an apology to those who were impacted, and the Boston restaurant in question has temporarily closed its doors. (CNBC)
  2. The Senate voted today to replace 2002's No Child Left Behind law, passing the motion 85 to 12. The legislation will return significant power to states to evaluate and control schools. The measure has already been approved in the House of Representatives, and President Obama has indicated that he will sign the bill. (MarketWatch)
  3. This retailer dropped on the charts after being fined $290,000 for mislabeling textile products.
  4. These two solar energy interests celebrated a revised M&A agreement.
  5. Nomura has high 2016 hopes for this social networking site.



Data courtesy of Trade-Alert


An unexpected decrease in U.S. oil stockpiles -- the first after 10 straight weeks of builds -- was not enough to pull the commodity higher. January-dated crude oil fell another 35 cents, or 0.9%, to close at $37.16 a barrel.

February gold futures managed a gain of $1.20, or 0.1%, to settle at $1,076.50 an ounce, as the U.S. dollar slipped against other major currencies again 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI