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 X logo 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

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