Dow Ekes Out Win as Trade Deal Details Emerge

The blue-chip index did manage a modest win by the close

Digital Content Manager
Dec 13, 2019 at 4:35 PM
facebook X logo linkedin


The Dow cooled off today, following Thursday's big win, despite headlines that the U.S. and China agreed to a "phase one" trade deal. The agreement, which will ease back some U.S. tariffs on Chinese goods, and boost Beijing's purchases of U.S. agricultural products, left Wall Street unimpressed however, as many felt the details of the deal were too mild. The S&P and Nasdaq also remained flat for most of the day, though all three indexes notched gains for the week.

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

  • Why this drug stock surged 31%.
  • Bulls bombarded this software stock after earnings. 
  • Plus, SNAP snags a bull note; analysts chime in on 2 chip stocks; and AVGO enters the earnings confessional. 

The Dow Jones Industrial Average (DJI - 28,135.38) added 3.3 points, or 0.01%, and added 0.4% for the week. Of the 30 blue chips, 16 ended higher. American Express (AXP) topped the list on a 1.7% pop, while Dow Inc (DOW) fell to the bottom, shedding 2.1%.

The S&P 500 Index (SPX - 3,168.80) settled 0.2 point, or 0.01% higher, but added 0.7% for the week, while the Nasdaq Composite (IXIC - 8,734.88) tacked on 17.6 points, or 0.2%, with a 0.9% pop for the week. 

The Cboe Volatility Index (VIX - 12.63) slipped 1.3 points, or 9.4%, and lost 7.3% for the week. 

Closing Indexes Summary Dec 13

NYSE and Nasdaq Stats Dec 13

5 Items on Our Radar Today

  1. General Motors (GM) announced today that it will be investing $1.5 billion in its Chevrolet Colorado and GMC Canyon midsize pickup trucks. Breaking it down, $1 billion will be put into its Wentzville truck plant in Missouri and $500 million will be used for retooling its suppliers' factories.  (CNBC)
  2. Wireless concern AT&T (T) is set to hike its quarterly dividend by 2% to 52 cents per share, and will be payable Feb. 3 to shareholders on record as of Jan. 10. The firm also said it will be retiring approximately $100 million of stock during the first quarter of next year.  (MarketWatch)
  3. JMP Securities thinks this social media stock could surge 38%. 
  4. 2 chip stocks snatching up bull notes today. 
  5. Behind Broadcom stock's post-earnings tumble. 

Corporate Earnings Dec 13

Unusual Options Activity Dec 13

Oil Keeps Rising on Trade Headlines 

Oil prices kept rising today to settle above the psychologically significant $60 per-barrel level, as Wall Street eyed U.S.-China trade headlines. January-dated crude futures added 89 cents, or 1.5%, to settle at $60.07 per barrel, and notched a 1.5% weekly gain.

A weakening dollar helped boost the price of gold today, which also grabbed a gain for the week. February gold futures added $8.90, or 0.6%, to settle at $1,481.20 an ounce. For the week, gold tacked on 1.1%. 

 

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