Despite Retail Sell-Off, Dow Ekes Out a Win

Gold futures suffered their biggest one-day drop in nearly six weeks

Aug 15, 2017 at 4:32 PM
facebook X logo linkedin

Despite ugly earnings from Home Depot, the Dow Jones Industrial Average (DJIA) finished higher amid decreasing concerns about North Korea, but the index was unable to retake the 22,000 mark. In addition, upbeat economic data lifted expectations for another 2017 rate hike, helping bank stocks outperform. However, the S&P 500 Index (SPX) and Nasdaq Composite (COMP) both succumbed to defeat, weighed down by a dismal day for most retail stocks.

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

The Dow Jones Industrial Average (DJIA - 21,998.99) ended with a gain of 5.3 points, or 0.02%. Eighteen of the Dow's 30 stocks ended higher, led by American Express' 1.5% rally. Home Depot paced the 13 losers, dropping 2.7%.

The S&P 500 Index (SPX - 2,464.61) lost 1.2 points, or 0.05%. The tech-heavy Nasdaq Composite (COMP - 6,333.01) took an even bigger hit, with a 7.2-point, or 0.1%, dip. 

The CBOE Volatility Index (VIX - 12.04) lost 0.3 point, or 2.4%

Closing Indexes Summary August 15

NYSE & Nasdaq August 15

5 Items on Our Radar Today

  1. This morning, Scott Paul, the president of the Alliance for American Manufacturing, became the latest person to step down from President Trump's advisory council this week. On Monday, Intel, Merck, and Under Armour's CEOs were the first to take the plunge, citing things like a "divided political climate" and a "matter of personal conscience" after Trump's lack of response to Saturday's violent Charlottesville, VA, protest. (Bloomberg)
  2.  The housing market is increasing at a rapid pace, leaving potential entry-level buyers unable to afford their first home. According to John Burns Real Estate Consulting, homes less than $200,000 now make up only 16% of the new-construction market, whereas in 2010, they made up 44%. (CNBC)
  3.  GoPro gets praised by Goldman.
  4.  The Dow stock hedge funds are tossing.
  5.  Earnings meltdown predicted for this tech stock.

Corporate Earnings August 15

Unusual Options Activity August 15
Data courtesy of Trade-Alert


Weak demand from China and a stronger dollar caused oil to close lower again. September-dated crude fell 4 cents, hitting a three-week low of $47.55 per barrel.

Gold futures succumbed to their steepest one-day fall in almost six weeks today, due to lessened demand for "safe havens" and a stronger greenback. December-dated gold settled down $10.70, or 0.8%, at $1,279.70 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI