Dow, Commodities Surge as U.S. Dollar Hits New Low

Gold and oil prices are seeing strong gains today

Jan 24, 2018 at 12:12 PM
facebook X logo linkedin

Another strong round of corporate earnings helped lift the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) to record highs this morning. While the latter two have since erased these earlier gains, the Dow is holding higher thanks to a rally in financial stocks -- with Goldman Sachs (GS) and JPMorgan Chase (JPM) some of the best performing blue chips so far. Gold and oil futures are up, too, following Treasury Secretary Steve Mnuchin's comments favoring a weaker U.S. dollar. In fact, the greenback earlier traded at its lowest point since 2014 against a basket of currency peers. 

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

midday market stats january 24

Yesterday we noted unusual call activity on experiential vacation provider ILG Inc (NASDAQ:ILG), and it's happening again today. More than 28,000 calls have traded so far, compared to an average daily volume of 884. Most active by far is the March 32 call, where new positions are being opened, possibly as part of a call ratio spread with the March 30 strike. Shares of ILG are up 3.2% today at $30.71, earlier tapping a four-year high of $30.81.

One of the best Nasdaq stocks today is Cerus Corporation (NASDAQ:CERS), thanks to the company's upbeat late-stage trial results. CERS stock is trading up 21.2% at $5.25, and topped out at an annual high of $5.43 earlier. The shares have been bouncing higher since their May low below $2.

Concerns about a potential airline pricing war have United Continental Holdings Inc (NYSE: UAL) near the bottom of the New York Stock Exchange. UAL shares are trading down 11.5% at $69.03, bottoming out just below the 320-day moving average, located near $69. The stock remains on pace for a third straight monthly win, however.

ual stock price


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