Boeing Drags on Dow; S&P Extends Win Streak

Gold closed higher on a weaker greenback

Managing Editor
Apr 8, 2019 at 4:29 PM
facebook X logo linkedin

The Dow stood no chance against heavyweight Boeing (BA) stock in today's trading, closing 84 points lower after the aerospace giant announced a notable cut to its 737 MAX 8 production. The S&P 500 and Nasdaq showed resilience, though, thanks to Apple's (AAPL) impressive 1.6% surge, with the former bringing its daily win streak to eight -- the longest since October 2017.

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

  • The China stock for short-term bulls.
  • These 3 stocks were red-hot in today's trading.
  • One analyst slammed Micron stock with a rare downgrade.
  • Plus, bears blasted one Boeing supplier; Raymond James thinks Axon's a "strong buy"; and a CBD stock pops on Walmart buzz.

The Dow Jones Industrial Average (DJI - 26,341.02) sank 84 points, or 0.3%. Apple (AAPL) surpassed the 17 blue-chip gainers, adding 1.6%. Not surprisingly, Boeing (BA) was the biggest loser, shedding 4.4%. 

The S&P 500 Index (SPX - 2,895.77) added 3 points, or 0.1%, while the Nasdaq Composite (IXIC - 7,953.88) pushed 15.2 points, or 0.2% higher.

The Cboe Volatility Index (VIX - 13.18) added 0.4 point, or 2.8%. 

closing indexes summary april 8

nyse and nasdaq stats april 8


5 Items on our Radar Today

  1. A clinical trial on 11 lymphoma cancer patients out of New York’s Mount Sinai Hospital was successful in putting at least three of its patients into remission. Lead author Dr. Joshua Brody stated the so-called "vaccine" has "broad implications for multiple types of cancer,” and will widen the scope to include breast and head-and-neck cancer patients in its next study. (CNBC)
  2. One day after the resignation of Homeland Security Secretary Kirstjen Nielsen, President Donald Trump is removing Director of the U.S. Secret Service Randolph Alles. The two departures come amid an overhaul of leadership at the Deparmtement of Homeland Security. (Reuters)
  3. Options bears blasted this Boeing supplier.
  4. Why Raymond James think's Axon's a "strong buy."
  5. This CBD stock popped on Walmart buzz.

There were no earnings of note today.

unusual options activity april 8

Data courtesy of Trade-Alert

Crude Closes at Multi-Month High

Continued tensions out of Libya boosted crude . The May-dated oil closed up $1.32, or 2.1%, at $64.40 per barrel -- the highest close for a front-month contract since October. 

Gold prices climbed on the back of a weakening dollar. June-dated gold added $6.30, or 0.5%, to settle at $1,301.90 an 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