Dow Jones Industrial Average Adds 313 Points as Oil Rallies

4 Stocks Set for Big Moves Next Week

Feb 12, 2016 at 4:26 PM
facebook twitter linkedin

The bullish stars aligned on Wall Street today, snapping a five-day losing streak for the Dow Jones Industrial Average (DJIA). Not surprisingly, crude futures remained in focus -- though today, oil prices were a positive driver for stocks, with crude oil rising on talk of reduced production. Elsewhere, optimistic comments about the U.S. economy from New York Fed President William Dudley further stoked the buying mood. However, the Dow and its equity benchmarks still closed the volatile week with losses. 

Continue reading for more on today's market, including

The Dow Jones Industrial Average (DJIA - 15,973.84) jumped out of the gate and didn't look back, storming higher throughout the day for a 313.7-point, or 2%, victory that snapped a five-day skid. Not a single Dow component closed lower, with banking giants JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group Inc (NYSE:GS) leading the charge with respective gains of 8.3% and 3.9%. The blue-chip index closed the week with a 1.4% loss. 

The S&P 500 Index (SPX - 1,864.78) also snapped its losing streak by advancing 35.7 points, or roughly 2%. The Nasdaq Composite (COMP - 4,337.51) finished up 70.7 points, or 1.7%. For the week, the SPX dropped 0.8%, while the COMP declined 0.6%. 

The CBOE Volatility Index (VIX - 25.40) shed 2.7 points, or 9.7% -- but settled with a weekly gain of 8.6%, closing all five sessions above its 20-day moving average. 


5 Items on Our Radar Today:

  1. New York Fed President William Dudley told reporters on Friday that conversations about negative interest rates are "extraordinarily premature." Dudley cited the positive momentum of the U.S. economy, though he said deflated oil prices could keep inflation below the Fed's target.  (Reuters)  

  2. Speaking of that positive economic momentum, U.S. retail sales topped expectations for January, jumping 0.2%. Economists were expecting an increase of just 0.1%, given the inclement weather seen across the country. 

  3. What could "stunt profitability" for this cybersecurity stock? 

  4. The acquisition that lifted, Inc. (NASDAQ:AMZN)


  Data courtesy of Trade-Alert


Crude oil futures exploded, notching their biggest one-day percentage gain in over seven years after the United Arab Emirates oil minister said the Organization of the Petroleum Exporting Countries (OPEC) would consider production cuts. Despite March-dated crude's gain of $3.23, or 12.3%, to end at $29.44 per barrel, oil fell 4.7% for the week. 

Gold ended a historic week on a low note amid the bounce in stocks. April-dated gold futures slid $8.40, or 0.7%, to settle at $1,239.40 per ounce. However, gold added 7.1% for the week, its largest such gain in over six years. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners