Dow Shoots Higher as Shutdown Fears Ease

Stocks came back to life today on hopes uncertainty around a shutdown in the U.S. has passed

Feb 12, 2019 at 4:28 PM
facebook X logo linkedin

Ongoing budget negotiations in the U.S. and global trade talks were again the focus on Wall Street today. However, the Dow, S&P 500, and Nasdaq all rallied this time around on a much more upbeat news cycle, with President Donald Trump indicating another government shutdown will likely be avoided, though he said he's "not happy" about the proposed spending deal. On trade, Trump also suggested he could move back the March 1 deadline for another round of tariffs on Chinese goods, adding that China "wants to make a deal very badly." As such, stocks across the board got a lift, with the tech sector enjoying notable strength.

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

The Dow Jones Industrial Average (DJI - 25,425.76) ended near its session highs for its best close since Dec. 3, climbing 372.7 points, or 1.5%. Trade-sensitive Caterpillar (CAT) rose 2.9% to lead the 28 Down advancers, and the two blue-chip losers were McDonald's (MCD) and Walt Disney (DIS), down 0.2% each.

The S&P 500 Index (SPX - 2,744.73) rose 34.9 points, or 1.3%, and the Nasdaq Composite (IXIC - 7,414.62) jumped 106.7 points, or 1.5%.

The Cboe Volatility Index (VIX - 15.43) dipped 0.5 point, or 3.4%.

Closing Indexes Summary Feb 12

NYSE and Nasdaq Stats Feb 12

5 Items on our Radar Today

  1. The number of U.S. solar industry jobs declined for a second straight year, and part of the blame could be put on President Trump's tariffs. Workers in the field fell by roughly 8,000, though the number of solar jobs is expected to rebound next year. (Reuters)
  2. It appears at-home fitness technology company Peloton Interactive is preparing for an initial public offering (IPO) for 2019. A Wall Street Journal report said the company is talking with banks about going public in the coming months. (Fox Business)
  3. Options traders reacted to another huge day for EA stock.
  4. 2 stocks that have seen unusual call trading.
  5. A cybersecurity stock that got stung today.

Corporate Earnings Feb 12

Unusual Options Activity Feb 12

Data courtesy of Trade-Alert

OPEC Update Gives Crude a Boost

Oil prices rose today, thanks to talk of bigger-than-expected production cuts from Saudi Arabia and other Organization of the Petroleum Exporting Countries (OPEC) members. March crude futures were up 69 cents, or 1.3%, at the close to trade at $53.10 per barrel.

A rare pullback in the dollar helped give gold prices a lift today. Though the gains for the precious metals were still limited, April-dated gold closed up $2.10, or 0.2%, at $1,314 per ounce.


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