Dow Jones Industrial Average Jumps 282; All Eyes on Apple

The Scary Signal at a 4-Year High; Plus, The Huge Oprah Tweet

Jan 26, 2016 at 4:28 PM
facebook X logo linkedin


It's been a wild ride on Wall Street already this week, with the Dow Jones Industrial Average (DJIA) erasing Monday's triple-digit loss and climbing back above 16,000. While a big bounce in oil helped whet traders' risk-on appetite, solid earnings from a number of blue-chips -- including Procter & Gamble Co (NYSE:PG) -- only helped to stoke the bullish flames. Big earnings continue to roll in after the close, too, with tech titan and Dow component Apple Inc. (NASDAQ:AAPL) reporting.


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

The Dow Jones Industrial Average (DJIA - 16,167.23) was up more than 300 points at its session high, before settling with a 282-point, or 1.8%, gain. Twenty-nine of the Dow's 30 components closed higher, led by 3M Co's (NYSE:MMM) 5.2% post-earnings pop. The Coca-Cola Co (NYSE:KO) was the lone laggard, giving back 0.2%.

The S&P 500 Index (SPX - 1,903.63) tacked on 26.6 points, or 1.4%, to reclaim its perch atop the 1,900 mark. The Nasdaq Composite (COMP - 4,567.67), meanwhile, rose 49.2 points, or 1.1%. 

The CBOE Volatility Index (VIX - 22.50) shed 1.7 points, or 6.8%, to close south of its 20-day moving average for the first time this year.

 160126recap1

160126recap2

5 Items on Our Radar Today:

  1. The Conference Board's consumer confidence index jumped to 98.1 in January -- up from December's reading of 96.3 -- the highest mark in three months. Elsewhere, the S&P/Case-Shiller 20-city home price index showed home prices rose 5.8% in November. (Bloomberg; CNBC)

  2. Just one day ahead of its highly anticipated earnings report, Facebook said it had agreed upon a settlement in a lawsuit filed by one of its shareholders over excessive compensation. Under the terms of the settlement, FB will hire an outside consultant and work with its board to oversee compensation matters. (Bloomberg)

  3. 2 notable tech names bargain hunters should beware of.

  4. News of outside investments translated into a boon for Best Buy Co Inc (NYSE:BBY) and Lululemon Athletica inc. (NASDAQ:LULU).

  5. 3-D printer makers were hit with uninspiring analyst attention.

160126recap3

160126recap4
Data courtesy of Trade-Alert

Commodities:

The Organization of the Petroleum Exporting Countries (OPEC) lifted black gold, amid hopes that members of the cartel will reach a deal to stem global production. Furthermore, Russia -- a non-OPEC member --and Saudi Arabia could even cut production, Iraq's oil minister told Dow Jones Newswires. By the close, March-dated crude advanced $1.11, or 3.7%, to end at $31.45 per barrel, after topping the $32-per-barrel mark in intraday trading.  

Amid a weaker dollar and ahead of tomorrow's Fed statement, February-dated gold surged $14.90, or 1.4%, to end at $1,120.20 an ounce -- the metal's best finish in nearly three months.

 

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