Dow Logs Fourth-Straight Loss, Worst Day Since June

The VIX closed at a multi-month high in response

Deputy Editor
Oct 28, 2020 at 4:27 PM
facebook X logo linkedin

The Dow plummeted 943 points lower today for its fourth-straight loss, its worst losing streak since late February. Despite what's been a fairly positive third-quarter earnings season overall, the blue-chip index has shed over 1,800 points this week already. The S&P 500 and Nasdaq closed deep in the red as well, as Wall Street grapples with an international resurgence of coronavirus cases.

In Europe, tightening restrictions -- French President Emmanuel Macron just imposed a new nationwide lockdown -- has many concerned about global economic recovery. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged its highest close since June 11. 

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

  • Bulls target semiconductor stock after billion-dollar deal
  • The software giant ripe for analyst upgrades. 
  • Plus, FireEye's top-line beat; Boeing's slide lower; and Microsoft stock brushes off a revenue beat.

The Dow Jones Industrial Average (DJI - 26,519.95) fell 943.2 points, or 3.4%. Travelers (TRV) was the sole Dow gainer with a 2% win, while Microsoft (MSFT) landed at the bottom with a 5% loss. 

Meanwhile, the S&P 500 Index (SPX - 3,271.03) dropped 119.7 points, or 3.5%, while the Nasdaq Composite (IXIC - 11,004.87) lost 426.5 points, or 3.7% for the day.

Lastly, the Cboe Volatility Index (VIX - 40.28) added 6.93 points, or 20.8%. 

Closing Summary 1028

NYSE Nasdaq 1028

  1. Vanguard Logistics Services accused this London-based company, run by a former Uber executive, of stealing trade secrets(Reuters)
  2. Total 2020 election spending is smashing records. Both the Republican and Democratic parties more than doubled the sum of the 2016 election, with one party spending a great deal more than the other. (CNBC)
  3. Analysts chimed in on faltering FireEye stock
  4. Struggling blue chip brushed off an upbeat quarter.
  5. Tech giant attracted call volume after earnings.

Earnings 1028

UVOL 1028

Gold, Oil Close Sharply Lower

Oil futures finished lower as energy demand falls while U.S. stockpiles gain on a production surge. December-dated crude lost $2.18, or 5.5%, to settle at $37.39 a barrel.

Gold futures settled lower after investors turned to the U.S. dollar amid market turmoil. December gold fell $32.70, or 1.7%, to settle at $1,789.20 an 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