Dow Posts Third Straight Win With Nike, Trade in Focus

Gold stabilized following last week's negative price action

Managing Editor
Aug 20, 2018 at 4:22 PM
facebook twitter linkedin

The Dow managed its third straight day of gains, as optimism grew ahead of this week's low-level U.S.-China trade talks, and the shares of Nike (NKE) surged on the back of bull notes -- pushing the retail sector higher. Meanwhile, the S&P 500 and Nasdaq climbed higher, too, with the latter erasing early losses caused by a disappointing performance out of the tech sector. 

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

The Dow Jones Industrial Average (DJI - 25,758.69) rose 89.4 points, or 0.4%, for the day. Nike stock led the 17 advancing blue chips with a 3% gain, while Walmart (WMT) paced the 12 decliners with a 1.9% drop. Meanwhile, Walgreens Boots Alliance (WBA) finished the day flat.

The S&P 500 Index (SPX - 2,857.05) picked up 6.9 points, or 0.2%, while the Nasdaq Composite (IXIC - 7,821.01) gained 4.7 points, or 0.1%.

The Cboe Volatility Index (VIX - 12.49) shed 0.2 point, or 1.2%, in today's session.

us closing index summary aug 20

nyse and nasdaq stats aug 20

5 Items on our Radar Today

  1. New Street analyst Pierre Ferragu believes Apple's (AAPL) revenue will suffer in 2019 following a vacuum in sales stemming from iPhone X users upgrading earlier than expected. Ferragu downgraded the FAANG stock to "sell" from "hold," saying "iPhone shipments are on a multiple-year decline trend." (CNBC)
  2. Swiss startup Novamem, which specializes in a water purifiers, is planning on expanding its global reach to the U.S., China, and India. The device -- which attaches to faucets -- was funded through a Kickstarter campaign, where it raised more than $70,000, and is developing an Amazon (AMZN) sales channel for its device. (MarketWatch)
  3. 2 pharma stocks that just made monster moves.
  4. Options traders blasted booming healthcare stocks
  5. This retailer has seen call-heavy options trading before earnings.

corporate earnings aug 20

unusual options volume aug 20

Data courtesy of Trade-Alert

Oil, Gold Start Week With Gains

Oil prices rose for a third straight day today, on expectations U.S. sanctions on Iran will ease global supplies. Set to expire tomorrow, the September-dated oil gained 52 cents, or 0.8%, to settle at $66.43 per barrel.

Gold managed to recover some from last week's 18-month low as the dollar cooled on reports President Donald Trump criticized the Fed's recent rate hikes. December-dated gold picked up $10.40, or 0.9%, to settle at $1,194.60 per ounce -- its largest daily gain since late July.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners