Dow Jones Industrial Average Ends Modestly Higher; Yellen, 'Brexit' in Focus

2 Transport Stocks That Got Drilled; Plus, A Mass Netflix Exodus?

Jun 21, 2016 at 4:24 PM
facebook twitter linkedin

The Dow Jones Industrial Average (DJIA) spent most of the session modestly higher, as "Brexit" fears continued to wane ahead of Thursday's vote in the U.K. However, stocks came off their highs after Fed Chair Janet Yellen began her two-day congressional testimony, where she took a cautious tone regarding U.S. economic growth prospects, and warned of possible market volatility after the "Brexit" vote. 

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

The Dow Jones Industrial Average (DJIA - 17,829.73) ended the day up 24.9 points, or 0.1%. Microsoft Corporation (NASDAQ:MSFT) led the 20 Dow winners with a gain of 1.1%, while Boeing Co (NYSE:BA) came in last of the nine Dow losers, losing 0.9%. DuPont (NYSE:DD) finished at breakeven.

The S&P 500 Index (SPX - 2,088.90) gained 5.7 points, or 0.3%, while the Nasdaq Composite (COMP - 4,843.76) came out ahead by 6.6 points, or 0.1%.

The CBOE Volatility Index (VIX – 18.48) added 0.1 point, or 0.6%.

Indexes closing summary June 21

NYSE and NASDAQ stats June 21

5 Items on Our Radar Today: 

  1. U.S. Federal Aviation Administration(FAA) released new rules for private drone usage, although different, yet-to-be-written regulations will govern commercial drones, like those, Inc. (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOGL) plan to use by 2017. (Reuters)
  2. Hedge fund manager Sanjay Valvani was found dead this morning in what appeared to be a suicide. Valvani had recently pleaded not guilty to charges of insider trading to the tune of $25 million. (ABC News)
  3. Marvell Technology Group Ltd (NASDAQ:MRVL) named a new CEO.
  4. Adobe Systems Incorporated (NASDAQ:ADBE) calls popped ahead of tonight's earnings report.
  5. One option bull took a big chance on Herbalife Ltd. (NYSE:HLF).

Quarterly Earnings June 21

Unusual Options Activity June 21

Data courtesy of


July-dated oil dropped 1.1%, or 52 cents, to $48.85 per barrel, as investors took profits amid "Brexit" uncertainty. Black gold's fall was padded as Nigerian rebels fired back on reports of a 30-day ceasefire, saying they "never remember having any agreement" with the Nigerian government.

Gold dropped to a 10-day low as investors moved to riskier securities ahead of Thursday's "Brexit" referendum. August-dated gold lost $19.60, or 1.5%, to end the day at $1,272.50 per ounce.

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



These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!


Common mistakes options traders make


Special Offers from Schaeffer's Trading Partners