Dow Jones Industrial Average, Nasdaq Hit Record Highs Ahead of U.K. Election Results

Buy These Stocks Before Fed Week

Jun 8, 2017 at 4:31 PM
facebook X logo linkedin


It was a wild ride on Wall Street today, with the Dow Jones Industrial Average (DJIA) rallying to a record high as stocks reacted to former FBI Director James Comey's public testimony in front of the Senate Intelligence Committee. The Dow went on to explore negative territory, before eventually eking out a win. It was a similar set-up on the Nasdaq Composite (COMP), which closed at an all-time peak, while the S&P 500 Index (SPX) came within one point of its record high. Traders are now looking ahead to the results of the U.K. snap election, with exit polls expected to start trickling in around 5 p.m. ET. 

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

  • What caused Alibaba stock to shatter its all-time high.
  • Why Yahoo options volume exploded today.
  • Buy these stocks before Fed week.
  • Plus, Nordstrom's big day; 2 outperforming stocks hit with downgrades; and the gold stock that could break out.

The Dow Jones Industrial Average (DJIA - 21,182.53) topped out at a record intraday high of 21,265.69, before settling with an 8.8-point, or 0.04%, gain. Twelve Dow stocks closed higher, led by 1.4% gains for Caterpillar and Goldman Sachs. Disney's 1.5% drop paced the 16 decliners, while Cisco Systems and Visa were unchanged.

The S&P 500 Index (SPX - 2,433.79) added 0.7 point, while the Nasdaq Composite (COMP - 6,321.76) closed up 24.4 points, or 0.4%, after hitting an all-time peak of 6,324.06.

The CBOE Volatility Index (VIX - 10.16) gave back 0.2 point, or 2.2%.

closing indexes summary june 8
nyse and nasdaq stats june 8

5 Items on Our Radar Today:
  1. Yahoo shareholders today approved the sale of the company's core internet business to Verizon Communications Inc. (NYSE:VZ). Following the vote, reports began circulating that VZ is planning to cut over 2,000 jobs as the companies merge into a new media unit to be called Oath. (CNBC)
  2. The Fed's U.S. household wealth figures for the first quarter were released today, with net worth for households and non-profit organizations ticking up 2.5% to $94.8 trillion. This trend could support economic growth. (Bloomberg)
  3. See why Nordstrom stock popped.
  4. Despite impressive long-term price action, these 2 stocks were hit with downgrades.
  5. Check out this gold stock that could break out.

corporate earnings june 8

unusual options activity june 8
Data courtesy of Trade-Alert

Commodities

Oil fell today for the second straight session, on continued concern of a domestic supply glut. July-dated crude futures closed down 0.2%, or 8 cents, to settle at $45.64 per barrel -- the lowest settlement since May 4.

Gold took a hit, after the European Central Bank's (ECB) policy decision boosted the U.S. dollar. August-dated gold dropped $13.70, or 1.1%, to settle at $1,279.50 an ounce.

 

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