Dow Bags Four in a Row on Tariff Delay Hopes

The U.S. is considering delaying tariffs on Mexico

Managing Editor
Jun 6, 2019 at 4:30 PM
facebook X logo linkedin

The Dow nabbed its fourth straight win today-- it's longest winning streak since mid-March -- and third triple-digit gain in a row. Wall Street is still cheering Fed Chair Jerome Powell's dovish comments from Tuesday, and stocks got a last-minute boost today from a Bloomberg report that indicated the U.S. may postpone its 5% tariffs on all Mexican imports, set to go into effect next week. But trade tensions still loom large with China, after President Donald Trump said the U.S. could still increase tariffs on Chinese goods by "another at least $300 billion."

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

The Dow Jones Industrial Average (DJI - 25,720.66) added 181.1 points, or 0.7%, in today's trading. Chevron (CVX) led the 26 winners with a 2.6% gain, while Travelers (TRV) paced the four losers with a 0.6% drop.

The S&P 500 Index (SPX - 2,843.49) gained 17.3 points, or 0.6%, while the Nasdaq Composite (IXIC - 7,615.55) climbed 40.1 points, or 0.5%.

The Cboe Volatility Index (VIX - 15.93) fell 0.2 point, or 1%, today.

closing indexes june 6

NYSE and Nasdaq June 6

5 Items on our Radar Today

  1. Fiat Chrysler (FCAU) scrapped plans to buy Renault, citing "the political conditions in France." The French government currently holds a 15% stake in Renault. (Reuters)
  2. Alphabet (GOOGL) agreed to a big purchase today, with plans to buy Looker Data Sciences Inc. for $2.6 billion. The move helps expand Alphabet's cloud data management and is Google's biggest deal since 2014. (Bloomberg)
  3. How Schaeffer's subscribers more than doubled their money on Box stock in six weeks.
  4. Options bears flocked to FLT after a Citron report.
  5. This weed stock is ready to rally. 

Corporate Earnings June 6

unusual options volume June 6

Data courtesy of Trade-Alert

Oil Bounces Back; Gold's Longest Win Streak in a Year

Black gold rallied today, with July-dated oil futures gaining 91 cents, or 1.8%, to end at $52.59 per barrel. Oil had traded flat throughout most of the day, but got an uptick after the report that the U.S. may delay Mexico tariffs.

Gold turned in its seventh straight win, the longest wining streak since January 2018. August-delivered gold rose $9.10, or 0.7%, to settle at $1,342.70 an ounce, as demand for the safe-haven asset remained in tact amid trade uncertainty.


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