AAL

Dow Rallies as Apple, Microsoft Hit All-Time Highs

The Nasdaq is flirting with its all-time closing high

Jun 4, 2018 at 12:01 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is trading well into triple-digit-gain territory today, as a dearth of market-moving news has stocks continuing their positive momentum from last week's upbeat jobs report. Walmart (WMT) is the best performing blue chip today amid a broader rally in retail stocks and news the company sold the majority of its Brazilian operations, while Apple (AAPL) tapped a record high earlier as the iPhone maker's developers conference gets underway. Microsoft (MSFT) also hit an all-time peak, after the software giant announced it's buying GitHub for $7.5 billion. These gains have spread to the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), with the latter index pacing for its second highest close ever.

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

midday market stats june 4

One name seeing heavy options activity today is eBay Inc (NASDAQ:EBAY). Roughly 8,0700 calls have crossed so far, already surpassing the average daily volume and dwarfing the 2,000 puts that have changed hands. More than half the call volume has traded at the weekly 6/8 39-strike call, where new positions are being opened. Those buying the calls expect EBAY shares to topple the $39 level by week's end, when the contracts expire. The e-commerce stock was last seen trading at $38.66, just below the 50-day moving average.

ebay stock today

One of the best Nasdaq stocks today is fashion accessories concern Fossil Group Inc (NASDAQ:FOSL), as it continues to surge up the charts. FOSL stock is trading up 8.7% at $25.77, bringing its year-to-date gain to 230%, and it earlier hit a 52-week high of $26.25. The shares' initial rally began back in February thanks to a blowout earnings report, and today's gains are partially thanks to a price-target hike to $32 from $25 at KeyBanc.

Over on the New York Stock Exchange, JinkoSolar Holding Co., Ltd. (NYSE:JKS) is sinking, down 11.3% at $13.43-- fresh off a four-year low of $12.56 -- due to recent news that China is cutting subsidies for solar projects in a broader effort to control the size of the market. This move comes after JKS lost 14.1% in Friday's session, and the shares have now shed 45.3% in 2018 alone.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.