S&P Logs Longest Daily Win Streak Since October 2017

Oil prices capped off a strong week with a big win

Emma Duncan

Managing Editor

Apr 5, 2019 at 4:34 PM

U.S. stocks logged modest gains in today's trading, driven by encouraging jobs data and news that noticeable progress is being made between the U.S. and China regarding a trade deal -- with President Donald Trump saying earlier the two countries are "rounding the turn." The Dow took a third straight gain, while the S&P 500 marked a seventh -- its longest daily win streak since October 2017. Both indexes, as well as the tech-heavy Nasdaq, logged a second weekly gain.

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

Goldman Sachs: Sell this flat beer stock.
History says to play the Twilio pullback.
Plus, the pot stock burning shorts; checking in on Lyft options activity; and bullish analysts blast Snap.

The Dow Jones Industrial Average (DJI - 26,424.99) added 40.4 points, or 0.2%. Cheveron (CVX) was the best of the 23 blue-chip gainers, adding 1.3%. Meanwhile, Dow (DOW) was the biggest loser, shedding 4.1%. For the week, the DJI rose 1.9%.

The S&P 500 Index (SPX - 2,892.74) tacked on 13.4 points, or 0.5%, while the Nasdaq Composite (IXIC - 7,938.69) managed to add 46.9 points, or 0.6%. The indexes closed 2% and 2.1% higher for the week, respectively.

The Cboe Volatility Index (VIX - 12.82) lost 0.8 point, or 5.6%. The market's "fear gauge" shed 6.3% for the week.

closing indexes summary april 5

nyse and nasdaq stats april 5

5 Items on our Radar Today

MacKenzie Bezos will maintain a 4% stake in Amazon (AMZN), as part of a divorce settlement with the company's founder and CEO Jeff Bezos. This amount of stock is reportedly worth $36.5 billion -- making Bezos one of the top four wealthiest women in the world. (MarketWatch)
Another E. coli outbreak has hit the Midwest, though the source still unidentified. Earlier today, the Centers for Disease Control and Prevention (CDC) said 72 people have been affected and eight hospitalized across five states. Without a cause pinpointed, the CDC did not have a specific food or restaurant chain for civilians to avoid. (CNBC)
This pot stock is burning shorts.
LYFT calls were hot on Citron Research nod.
Bullish analysts chimed in on Snap stock.

corporate earnings april 5

unusual options activity april 5

Data courtesy of Trade-Alert

Crude Soars 4.9% on the Week

Crude saw a notable lift in today's trading, as political tensions ramped up in oil-rich Libya. May-dated crude futures closed up 98 cents, or 1.6%, at $63.08 per barrel. For the week, crude logged a 4.9% gain.

Gold prices suffered following this morning's jobs data. June-dated gold shed $1.30, or 0.1%, to settle at $1,295.60 an ounce for the day, and 0.2% for the week.

Follow @Schaeffers

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!