U.S. Stocks Finish Higher With Healthcare, Earnings in Focus

Gold managed to end higher as the dollar received Trump pressure

Managing Editor
Apr 16, 2018 at 4:25 PM
facebook X logo linkedin


Fading fears about Syria and a huge lift from Merck (MRK) were a welcome push higher for the Dow. Fellow healthcare concern UnitedHealth (UNH) stock also got a lift ahead of the company's earnings report tomorrow. Several more stocks could move this week as earnings season heats up, with FAANG member Netflix (NFLX) reporting tonight, and Dow component General Electric (GE) reporting later this week.

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

The Dow Jones Industrial Average (DJI - 24,573.04) gained 212.9 points, or 0.9%, for the day. UnitedHealth was the biggest of the 25 gainers, surging 2.7%. GE was the biggest loser, falling 1.3%.

The S&P 500 Index (SPX - 2,677.84) picked up 21.5 points, or 0.8%, while the Nasdaq Composite (IXIC - 7,156.29) gained 49.6 points, or 0.7%.

The Cboe Volatility Index (VIX - 16.56) lost 0.9 point, or 4.9%, for the day.

Closing Indexes Summary April 16

NYSE and Nasdaq Stats April 16

5 Items on Our Radar Today

  1. U.S. retail sales rebounded 0.6% in March, after three straight months of declines. Auto sales surged 2% -- the most in six months -- according to the Commerce Department. (CNBC)
  2. An American woman won the Boston Marathon for the first time in over three decades this afternoon, with a time of just under 2:40:00. The win also marked a notable feat due to the intense winds and icy rain that pelted runners on the 26.2-mile course. (MarketWatch)
  3. The beauty stock boosted by an analyst upgrade.
  4. A pharma stock slaughtered on dismal trial data
  5. Why options traders circled sinking ZTE suppliers.

Corporate Earnings April 16

Unusual Options Activity April 16

Data courtesy of Trade-Alert

Oil Dips Alongside Middle East Worries

Decreased Syria tensions and increased domestic drilling activity sent oil futures lower to start the week. May-dated crude ended Monday down $1.17, or 1.7%, to finish at $66.22 per barrel.

Pressure on the dollar increased after President Donald Trump's tweet regarding China and Russia's "currency devaluation game," sending gold higher for the day. June-date gold ended Monday up $2.80, or 0.2%, to settle at $1,350.70 per ounce.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI