Stocks Close Mixed Following Volatile Trading

Gold finished with historic highs once again

Deputy Editor
Apr 13, 2020 at 4:42 PM
facebook X logo linkedin

The Dow finished the day down over 300 points, extending its midday lows as blue-chip Caterpillar (CAT) weighed heavy. The S&P 500 also finished the day in the red, as investors grew wary of the impending start to earnings season, and the Organization of the Petroleum Exporting Countries+ (OPEC+)'s decision to cut oil production over the weekend. Tech-heavy Nasdaq, however, managed to eke out a win within the last hour of trading. Also in focus, New York Governor Andrew Cuomo said that a six-state group, including New York, will start working on a plan to "reopen" their economies. 

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

  • BAC stock dips ahead of earnings.
  • Keep watch over this bearish OLN trendline.
  • Plus, Dunkin' drops despite bull note; Amazon's wait list; and behind Disney's big furlough.

The Dow Jones Industrial Average (DJI - 23,390.77) fell 328.6 points, or 1.4% lower for the day. Walmart (WMT) topped the charts with an 2.9% win, while Caterpillar CAT finished at the bottom with a 8.7% loss.

The S&P 500 Index (SPX - 2,761.63) dropped 28.2 points, or 1%, while the Nasdaq Composite (IXIC - 8,192.43) tacked on 38.9, or 0.5% for the day.

The Cboe Volatility Index (VIX - 41.17) fell 0.50 point, or 1.2%. 

Closing Indexes Summary April 13

NYSE and Nasdaq Stats April 13

5 Items on Our Radar Today

  1. With theaters closing and production halted, the U.S. box office is headed toward its worst year since 1998. Wedbush's Michael Pachter believes the 2020 box office will fall over 40%. (CNBC)
  2.  Ford (F) is set to make air purifying respirators in their Michigan plant, in partnership with medical mask producer 3M (MMM). They say they'll be able to make 100,000 or more for COVID-19 patients. (MarketWatch)
  3. Double-upgrade fails to boost Dunkin' stock.
  4. Analysts optimistic on AMZN stock.
  5. Disney's mass furloughs overshadow bull note. 

Earnings April 13

Unusual Options Activity April 13

Data courtesy of Trade-Alert

Gold Grabs Another 7-Year High

Oil prices dropped after an eventful day including a long-awaited OPEC+ deal on production cuts, though one Goldman Sachs analyst said it was "too little, too late" to make a difference. May-dated futures fell 35 cents, or 1.5%, to settle at $22.41 a barrel.

Gold futures climbed once again with the highest finish in over seven years. Gold for June delivery rose $8.60, or 0.5%, to settle at $1,761.40 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