Bank Stocks Guide S&P, Dow Higher

Gold sank as stocks rose

Managing Editor
Apr 29, 2019 at 4:34 PM
facebook X logo linkedin

The S&P 500 kicked off the week with a fresh record high, as investors began gearing up for a busy week of economic and earnings data. Bank stocks were some of the day's best performers, with impressive gains for JPMorgan Chase (JPM) and Goldman Sachs (GS) helping keep the Dow above water, while another strong showing from tech had the Nasdaq touching its own all-time peak.

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

The Dow Jones Industrial Average (DJI - 26,554.39) added 11 points, or 0.04%, for the day. Goldman Sachs (GS) was the best of the 15 Dow gainers, adding 1.9%. Meanwhile, Intel (INTC) outpaced the remaining losers for a second day, with a 2.5% plunge.

The S&P 500 Index (SPX - 2,943.03) eked out 3.2 points, or 0.1%, and touched a fresh intraday high of 2,949.52. The Nasdaq Composite (IXIC - 8,161.85added 15.5 points, or 0.2%, after hitting an intraday peak of 8,176.08.

The Cboe Volatility Index (VIX - 13.11) gained 0.4 point, or 3%.

closing indexes summary april 29

nyse and nasdaq stats april 29

5 Items on our Radar Today

  1. Per data out of CoreLogic, annual home prices fell last month for the first time in over seven years in the San Francisco Bay Area. The median home cost dropped 0.1% in March, snapping an 83-month streak of consecutive increases. The main culprit is suspected to be the slowdown in home buying, a trend which began in the middle of 2018. (CNBC)
  2. Amid several trade wars mounted by the Trump administration, personal income for U.S. farmers fell by $11.8 billion in the first quarter -- the most since 2016. Alongside trade tensions, the low commodity prices and a handful of natural disasters in the Midwest have amplified financial troubles for farmers. (Bloomberg)
  3. Bulls bet this drug stock will double.
  4. Seagate Technology shares may be ready to surge.
  5. Snap calls hot on partnership news.

corporate earnings april 29

unusual options activit april 29

Data courtesy of Trade-Alert

Oil Inches Higher, Gold Pullsback

Oil moved cautiously higher for the day, bouncing back after last week's rare drop. June-dated crude futures added 20 cents, or 0.3%, to close at $63.50 per barrel.

Gold sank as traders flocked to riskier assets, like stocks, today. June-dated gold dropped $7.30 or 0.6%, to settle at $1,281.50 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