Dow Jones Industrial Average Scores Triple-Digit Gain

A Frantic Run on FireEye Options; Plus, 3 Retailers Ready for Earnings

May 24, 2016 at 4:27 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) took off running out of the gate and didn't slow down. Tech and financial stocks paced the rally, with Microsoft Corporation (NASDAQ:MSFT) and Visa Inc (NYSE:V) leading the Dow to a triple-digit gain. Good news in the housing market and rising oil prices also lent support to stocks, overshadowing recent Fed fears.

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

The Dow Jones Industrial Average (DJIA - 17,706.05) finished in the black, up 213.1 points, or 1.2%. MSFT's 3.1% gain led the 29 Dow winners, while Boeing Co (NYSE:BA) was the single loser of the day, suffering a fractional loss.

The S&P 500 Index (SPX – 2,076.06) gained 28 points, or 1.4%, while the Nasdaq Composite (COMP – 4,861.06) enjoyed gains of 95.3 points, or 2%, to topple its 200-day moving average for the first time since April 27.

The CBOE Volatility Index (VIX - 14.42) fell 1.4 points, or 8.9%, to finish the day with a loss. 

indexes closing summary may 24


nyse and nasdaq stats may 24

5 Items on Our Radar Today:

  1. Monsanto Company (NYSE:MON) rejected Bayer AG's $62 billion offer, calling it "incomplete" and "inadequate" but left the door open for future offers. (ABC News)

  2. Following in Apple Inc.'s (NASDAQ:AAPL) footsteps, Volkswagen invested $300 million in Uber rival  Gett. (Fortune)

  3. DSW Inc. (NASDAQ:DSW) hit a five-year low, and options players think it won't end there.

  4. Toll Brothers Inc (NYSE:TOL) enjoyed a post-earnings rally, lifting these sector peers.

  5. Under Armour Inc (NYSE:UA) just inked a record 15-year deal.


quarterly earnings may 24

unusual options activity may 24

Data courtesy of
Trade-Alert

Commodities:

July-dated crude futures rose 54 cents, or 1.1%, to $48.62 per barrel -- their best close since October -- in anticipation of falling U.S. inventories and reduced output from Iraq. 

June-dated gold plummeted $22.30, or 1.8%, to $1,229.20 an ounce -- the precious metal's fifth straight loss and a four-week low -- as the dollar strengthened and rate-hike expectations prevailed. A rally in the stock market also diminished gold's "safe haven" appeal.

Stay on top of overnight news & big morning movers. Sign up now for Schaeffer's Opening View
 

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