Dow Jones Industrial Average, Nasdaq Soar on Tech

3 Tech Stocks Tearing Up the Charts

Sep 15, 2016 at 4:18 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) spent nearly the entire day in the black, muscling to a triple-digit gain. Leading the Dow higher was Apple Inc. (NASDAQ:AAPL) amid a broader rally in tech stocks -- which also helped the Nasdaq Composite (COMP) reclaim the 5,200 level for the first time in a week. Meanwhile, traders digested a modest rebound in crude oil prices and a raft of mostly disappointing economic reports, which further reduced expectations for a rate hike out of next week's highly anticipated Fed meeting.

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

The Dow Jones Industrial Average (DJIA - 18,212.48) zoomed 177.7 points, or 1%, higher, with all 30 blue-chip stocks ending positive. The top Dow performer was AAPL, which tacked on 3.4%.

The S&P 500 Index (SPX - 2,147.26) gained 21.5 points, or 1%. Besting its peers, the Nasdaq Composite (COMP - 5,249.69) jumped 75.9 points, or 1.5%.

The CBOE Volatility Index (VIX - 16.30) tanked 1.8 points, or 10.1%, giving up a short-lived perch atop its 200-day moving average.

Indexes closing summary September 15

NYSE and NASDAQ stats September 15

5 Items on Our Radar Today:

  1. According to the Fed, industrial production dropped a sharper-than-forecast 0.4% last month. In other economic news, the Labor Department said producer prices were unexpectedly flat in August, kept in check by weak oil prices and a stronger dollar. (Reuters, via CNBC)
  2. Democratic presidential hopeful Hillary Clinton resumed campaigning today after a bout of pneumonia. Meanwhile, speaking to the Economic Club of New York, Republican presidential candidate Donald Trump said his economic plan could result in 3.5% annual GDP growth, reaching levels not seen since 2004. (Chicago Tribune; MarketWatch)
  3. Canaccord Genuity waxed optimistic on this oil driller's "rock solid" balance sheet.
  4. A rally to four-month highs set the LendingClub Corp (NYSE:LC) options pits ablaze.
  5. Can things get any worse for this scandal-plagued banking giant?

Unusual Options Activity September 15
Data courtesy of Trade-Alert

Commodities:

Oil recovered after a couple of rocky sessions, following gasoline futures and the broader stock market higher. Specifically, October-dated crude futures added 33 cents, or 0.8%, to settle at $43.91 per barrel. Gasoline for October delivery, meanwhile, rallied 5.1% to $1.43 per gallon, amid reports of a disruption in BP production and a leak at the Colonial Pipeline.

Gold finished lower as traders opted for riskier assets, marking the metal's sixth loss in the past seven sessions. Gold for December delivery lost $8.10, or 0.6%, to close at $1,318 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI