Stocks Brush Off Bubbling Middle East Tensions

The Dow, S&P, and Nasdaq all finished in the black

by Patrick Martin

Published on Jan 6, 2020 at 4:28 PM
Updated on Jan 6, 2020 at 4:28 PM

The Dow finished higher to kick off the week, as Wall Street monitored rising tensions between the U.S. and Iran. The blue-chip index chipped away at a 216-point deficit to break into positive territory, while the S&P 500 and Nasdaq both finished higher amid outsized gains from the tech sector. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), earlier touched its highest point since Dec. 10, before settling lower on the day.

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

  • These 3 stocks saw red-hot options trading today.
  • Micron options are cheap as the chip stock flashes a bullish signal.
  • Plus, why we're watching Nordstrom; breaking down SmileDirectClub's big day; and a Lennar earnings preview. 

The Dow Jones Industrial Average (DJI - 28,703.38) added 68.5 points, or 0.2%. McDonald's (MCD) paced the 15 winners with a 1.1% win, while Walt Disney (DIS) led the laggards with a 0.6% drop..

The S&P 500 Index (SPX - 3,246.28) gained 11.4 points, or 0.4%, while the Nasdaq Composite (IXIC - 9,071.47) finished 50.7 points, or 0.6%, higher.

The Cboe Volatility Index (VIX - 13.85) lost 0.2 point, or 1.2%.

closing stock market summary jan 6

nyse and nasdaq stats jan 6

5 Items on Our Radar Today

  1. In the latest development of President Donald Trump's impeachment trial, former national security advisor John Bolton said he would testify if subpoenaed by the Senate. Bolton left the Trump administration back in September, but was vocally supportive of the decision to authorize the airstrike that killed top Iranian General Qassem Soleimani. (CNBC)
  2. Rescue efforts continue in Australia, where wildfires have spread across 19.8 million acres, killing 25 people and displacing thousands. Officials say the fires could return next week. (Reuters)
  3. An upgrade and bull signal had Nordstom stock in focus today.
  4. 2 headlines that powered SmileDirectClub stock's breakout.
  5. Options traders are gearing up for Lennar earnings.

corporate earnings jan 6

unusual options volume jan 6

Data courtesy of Trade-Alert

Nine Straight for Gold 

Oil extended its gains today, as concerns lingered over U.S.-Iran tensions disrupting global oil supplies. February-dated crude futures added 22 cents, or 0.4%, to end at $63.27 per barrel, the highest settlement since May.

Gold made it a whopping nine straight wins today, as investors continued to flock to safe-haven assets. February gold futures settled up $16.40, or 1.1%, to end at $1,568.80 an ounce, its highest close since April 2013.


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
Extra Space Storage Stock Wavers After Downgrade
Raymond James downgraded to "underperform" from "market perform"
DKS to Continue Providing Benefits to Furloughed Workforce
DKS has seen an increase in put open interest over the past year
The Top Lithium Play of 2020
Click to continue to advertiser's site.