Disney, North Korea Drive Dow Jones Industrial Average Lower

Gold futures enjoyed their best day in nearly three months

Aug 9, 2017 at 4:33 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) ended its streak of record highs today, finishing lower for a second session after dismal Disney earnings and amid building tension with North Korea. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) finished lower as well, while the collective aversion to risk boosted the CBOE Volatility Index (VIX) and "safe haven" assets like gold. 

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

  • Options traders gear up for Snap's second earnings report as a public company.
  • The pharma stock sinking on tax trouble.
  • Behind the recent flood of gold bugs.
  • Plus, 2 biotech stocks on the rise; Priceline's post-earnings plunge; and the defense stock that's red hot.

The Dow Jones Industrial Average (DJIA - 22,048.70) ended with a loss of 36.6 points, or 0.2%. Fifteen of the Dow's 30 stocks ended higher, led by Home Depot and Travelers' 1.2% rallies. Walt Disney stock paced the 14 losers, dropping 3.9%, while McDonald's finished flat.

The S&P 500 Index (SPX - 2,474.02) lost 0.9 point, or 0.04%. The tech-heavy Nasdaq Composite (COMP - 6,352.33) lost 18.1 points, or 0.3%.

The CBOE Volatility Index (VIX - 11.11) gained 0.2 point, or 1.4%.

Closing Indexes Summary August 9

NYSE & Nasdaq August 9

5 Items on Our Radar Today

  1. Top military brass and President Trump are being sued by five U.S. military members that want to keep Trump's transgender ban from becoming a reality -- "in any capacity." These military members are suing anonymously, but stem from three different branches of the U.S. armed forces. (Bloomberg)
  2. Trump's former campaign manager Paul Manafort was subject to an FBI raid last month, in connection to the ongoing investigation of Russia's involvement during the 2016 presidential election. It was reported that multiple files were taken from Manafort's home. (Reuters)
  3. 2 biotech stocks that rallied after earnings.
  4. Priceline's post-earnings plunge.
  5. The red-hot defense stock with bargain options.

Corporate Earnings Chart August 9

Unusual Volume Activity August 9
Data courtesy of Trade-Alert

Commodities

Oil managed to end higher today, after the Energy Information Administration reported a bigger-than-expected decrease in domestic crude inventories last week. September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel.

Gold enjoyed an impressive single-day jump -- its biggest in nearly three months -- as the rising tensions between the U.S. and North Korea lifted safe-haven demand. December-dated gold futures finished the day up 1.3%, or $16.70 at $1,279.30 per 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