Robust Jobs Data, Tech Rebound Boost Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA) recovered from an ugly outing yesterday, ending both the session and the week higher, after an encouraging June jobs report. In addition, a rebound in tech stocks helped to overshadow falling oil prices, helping both the S&P 500 Index (SPX) and Nasdaq Composite (COMP) to daily and weekly wins.

• This FAANG stock could be flashing "buy."
• The cybersecurity stock that could make a big move next week, if past is prologue.
• Analysts are loving Applied Materials stock.
• Plus, the biotech stock that can't be stopped; bank stocks' big week ahead; and an interesting market signal.

The Dow Jones Industrial Average (DJIA - 21,414.34) tacked on 94.3 points, or 0.4%. For the week, the blue-chip index advanced 0.3%. Twenty-three of the Dow's 30 stocks ended in positive territory, led by a 2.1% gain for McDonald's stock. Goldman Sachs and General Electric paced the Dow laggards, losing 0.6% apiece.

The S&P 500 Index (SPX - 2,425.18) gained 15.4 points, or 0.6%. The Nasdaq Composite (COMP - 6,153.08) bounced back 63.6 points, or 1%. For the week, the SPX and COMP gained 0.1% and 0.2%, respectively.

The CBOE Volatility Index (VIX - 11.19) gave back 1.4 points, or 10.8%, to fall back beneath its 200-day moving average. The VIX fell 0.7% for the week.

1. President Donald Trump and Russian President Vladimir Putin met for the first time today, as world leaders converged for the G-20 summit. Following the more than two-hour meeting -- which was supposed to last 30 minutes -- the duo announced a cease-fire agreement in Syria, and agreed not to interfere in each others' elections.  (USA Today)
2. In a proxy statement from Whole Foods, it was revealed that the grocery chain was approached by six other firms before agreeing to be bought by Amazon. What's more, the $42-per-share bid wasn't the first from the e-tail giant. (CNBC)
3. The biotech stock up more than 75% in less than two months.
4. These bank stocks have a big week ahead.
5. In case you missed it, the market signal that went off for just the second time since 1929.

Data courtesy of Trade-Alert

Commodities

Oil sunk today, as the weekly U.S. rig count increased to its highest point since April 2015. August-dated crude futures fell $1.29, or 2.8%, to settle at $44.23 per barrel. Oil fell for 3.9% for the week. It was its sixth loss in seven weeks.

Gold fell to a four-month low today, a victim of the rising dollar and encouraging economic reports. August-dated gold futures dropped $13.60, or 1.1%, to settle at $1,209.70 an ounce. For the week, gold fell 2.6% -- a fifth straight weekly loss.