Dow Jones Industrial Average Battles Back; Nasdaq Snaps Losing Streak

Did Alcoa Earnings Doom Stocks?

Jan 12, 2016 at 4:28 PM
facebook X logo linkedin

It was another hot-and-cold session for the Dow Jones Industrial Average (DJIA). A huge sell-off in oil had the Dow in the red for part of the session, but the index was staring at a triple-digit gain by day's end. Meanwhile, the S&P 500 Index (SPX) clawed out of correction territory, and the Nasdaq Composite (COMP) snapped an eight-session losing streak. Aside from crude, capturing the attention of traders today was an uptick in U.S. job openings, as well as the unofficial start of earnings season.

Continue reading for more on today's market, including

A late-day rally helped the Dow Jones Industrial Average (DJIA - 16,516.22) to a 117.7-point, or 0.7%, win. Twenty-two of the Dow's 30 components finished higher, paced by a 2.4% gain at UnitedHealth Group Inc (NYSE:UNH). Seven blue chips ended lower, led by DuPont (NYSE:DD), down 1%, while United Technologies Corporation (NYSE:UTX) was flat.

The S&P 500 Index (SPX - 1,938.68) tacked on 15 points, or 0.8%, while the Nasdaq Composite (COMP - 4,685.92) posted its first daily victory in two weeks, up 47.9 points, or 1%.
The CBOE Volatility Index (VIX - 22.47) slid 1.8 points, or 7.5%, for its lowest settlement since last Wednesday.


5 Items on Our Radar Today:

  1. The European Commission has opened an investigation into Halliburton Company's (NYSE:HAL) planned $35 billion purchase of sector peer Baker Hughes Incorporated (NYSE:BHI). In a written statement, antitrust regulators said the probe will assess whether the acquisition will "impede effective competition in breach of the EU merger regulation." Both stocks hit three-year lows on the news. (AP, via ABC News) 

  2. The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) revealed 5.43 million job openings in November -- slightly under than the 5.45 million expected. In addition, the quits rate rose to 2% from 1.9%, spurred by resignations in the food services industry. (Business Insider)

  3. How are option traders betting on these 2 financial giants ahead of earnings?

  4. Carl Icahn rumors sparked another big session for Time Warner Inc (NYSE:TWX).

  5. The latest biotech to bite it hard.


Data courtesy of Trade-Alert


Oil panned a 12-year low and briefly dipped below $30 per barrel, amid concerns surrounding unrelenting global output and weak demand in China. In fact, the Energy Information Administration (EIA) slashed its 2016 price forecast (as did several analysts), and said crude will hold south of $50 per barrel through the end of 2017. After being delayed by roughly 50 minutes due to volatility, February crude settled 97 cents, or 3.1%, lower at $30.44 per barrel.

A stronger dollar and a rebound in European stocks took a toll on gold, which suffered its third straight daily loss. By the close, February-dated futures were down $11, or 1%, at $1,085.20 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