Q2 STOCKS TO BUY

Stocks Finish Lower as Treasury Yield Edges Near 3%

Gold suffered its third loss in a row

Managing Editor
Apr 23, 2018 at 4:23 PM
facebook X logo linkedin


Stocks ended a wishy-washy day mostly lower, with the Dow suffering a fourth straight loss, despite a high-profile upgrade for Merck (MRK). Another down day for the tech sector weighed on stocks, and investors eyed the 10-year Treasury yield making its way to almost 3%. Traders also may have exercised caution to start one of the busiest weeks of earnings season, with Caterpillar (CAT) and Coca-Cola (KO) among the big names expected to report tomorrow.

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

The Dow Jones Industrial Average (DJI - 24,448.69) fell 14.3 points, or 0.1%, for the day. MRK was the biggest of the 18 gainers, surging 2.4%, while Goldman Sachs (GS) was the biggest of the losers, falling 2.1%. 

The S&P 500 Index (SPX - 2,670.29) managed a 0.2-point, or 0.01%, win, while the tech-heavy Nasdaq Composite (IXIC - 7,128.60) shed 17.5 points, or 0.3%.

The Cboe Volatility Index (VIX - 16.34) lost 0.5 point, or 3.2%, for the day.

Closing Indexes Summary April 23

NYSE and Nasdaq Stats April 23

5 Items on Our Radar Today

  1. Parent company Gap announced that it will be adding more than 60 Old Navy stores around the U.S., increasing the overall count to 1,000 locations. Gap CEO Art Peck said, "We've moved to where the customer is," and explained that the retailer will be focusing on putting the new locations in freestanding buildings that are street level, versus in large malls. (CNBC)
  2. At least eight pedestrians were reportedly struck by a white van in Toronto, Canada, today. Reports said the police have detained the driver, though the motive is unknown. (Reuters)
  3. Travelers stock consolidated near a key chart area before earnings.
  4. Analyst: This blue chip is cheap ahead of earnings.
  5. Alcoa stock suffered its worst day since the company split.

Corporate Earnings April 23

Unusual Options Activity April 23

Data courtesy of Trade-Alert

Oil Swings Higher; Gold Suffers Third Loss in a Row

Early losses did not last, even after Iran's oil minister said rising crude prices may cause the Organization of the Petroleum Exporting Countries (OPEC) to not extend its production cap. Giving oil prices a lift were escalating tensions in the Middle East, which fueled concerns about production. June-dated crude finished a volatile session up 24 cents, or 0.4%, at $68.64 per barrel.

As U.S. Treasury yields and the dollar rose, gold nearly touched a five-week low, and fell for a third straight session. June-dated futures finished down $14.30, or 1.1%, to settle at $1,324 per ounce.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter