Dow Logs Third Straight Win on Rate-Cut Hopes

Weak jobs data fueled expectations for an interest rate cut

Managing Editor
Jun 5, 2019 at 4:26 PM
facebook X logo linkedin


The Dow nabbed its third straight win today -- and second-straight triple-digit gain -- after weak jobs data underscored expectations for a Fed interest rate cut. Wall Street also breathed a collective sigh of relief after White House advisor Peter Navarro downplayed the possibility of President Donald Trump's proposed tariffs on Mexican imports going into effect next week. Tech stocks also enjoyed another up day, with Apple (AAPL) shares gaining after CEO Tim Cook said he doesn't expect China to target the iPhone maker amid the current trade war.

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

  • These 2 tech stocks are a steal.
  • Breaking down 2 stocks that made huge post-earnings moves.
  • Analyst: Buy this pot stock now.
  • Plus, a cautionary note on Weight Watchers; software stocks set for earnings; and 2 stocks that made drastically different moves today. 

The Dow Jones Industrial Average (DJI - 25,539.37) added 207.4 points, or 0.8%, in today's trading. Cisco Systems (CSCO) led the 24 winners with a 2.9% gain, while Walgreens Boots Alliance (WBA) was the leading loser with a 1.4% drop.

The S&P 500 Index (SPX - 2,826.15) gained 22.9 points, or 0.8%, while the Nasdaq Composite (IXIC - 7,575.48) soared 48.4 points, or 0.6%.

The Cboe Volatility Index (VIX - 16.09) fell 0.9 point, or 5.2%, today.

Closing Indexes June 5

NYSE and Nasdaq June 5

5 Items on our Radar Today

  1. A poll of Michigan voters revealed that Democratic presidential front-runners Joe Biden and Bernie Sanders both have an upper hand against President Trump in the upcoming 2020 election. The poll shows that if elections were held today, both Biden and Sanders would beat the incumbent Trump by 12 percentage points in Michigan, a key battleground state. (Reuters)
  2. Should the U.S. proceed with its tariffs on Mexico imports, retaliatory measures may already be in place. Mexican President Andres Manuel Lopez Obrador is reportedly weighing a list of U.S. products that will be subject to tariffs, with sources saying Trump's electoral base is the alleged target. (Reuters)
  3. Don't bet on a breakout from Weight Watchers stock.
  4. These 2 software stocks are set for earnings.
  5. These stocks just logged their best and worst days ever.

Corporate Earnings Jun 5

Unusual Options Activity June 5

Data courtesy of Trade-Alert

Oil Skids into Bear-Market Territory; Six in a Row for Gold

Black gold slipped today, falling into bear-market territory. July-dated oil futures dropped $1.80, or 3.4%, to end at $51.68 per barrel, due to a bigger-than-expected weekly climb in domestic crude supplies and concerns about an economic slowdown. 

Gold logged its sixth straight win, boosted by the signs of economic weakness in the U.S. August-delivered gold rose $4.90, or 0.4%, to settle at $1,333.60 an ounce, marking the yellow metal's highest finish since Feb. 20.

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI