Dow, SPX Cool Off Following Record Session

Unemployment data disappointed investors

Deputy Editor
Nov 25, 2020 at 4:28 PM
facebook X logo linkedin

After yesterday saw the Dow and S&P 500 close the session at record highs, stocks pulled back today while traders digested the latest batch of unemployment data. More specifically, jobless claims came in at 778,000 on the week, much higher than analysts' predications. Whispers about the possibility that (CRM) is in talks to buy Slack Technologies (WORK), also weighed heavy. In response, the blue-chip index shed 173 points, while the SPX finished marginally lower. Elsewhere, the Nasdaq logged a win, and the Federal Reserve released minutes from its latest meeting, which showed no notable changes.

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

  • Bull notes poured in for Nordstrom stock.
  • This movie theater chain's future looks murky.
  • Plus, what a double downgrade meant for GOOS; why bull notes flooded in for one computer stock; and how CCL clawed back from penny stock territory. 

The Dow Jones Industrial Average (DJI - 29,872.47) shed 173.8 points, or 0.6% on the day. Of the 30 blue-chip names, Walgreen Boots Alliance (WBA) topped the list, gaining 1.4%, while (CRM) paced the laggards with a 5.4% fall.

Meanwhile, the S&P 500 Index (SPX - 3,629.65) fell 5.8 points, or 0.2%, for the day. The Nasdaq Composite (IXIC - 12,094.40) gained 57.1 points, or 0.5% for the day.

Lastly, the Cboe Volatility Index (VIX - 21.25) fell 0.4 point, or 1.8% for the day.

Closing Summary 1125NYSE NASDAQ 1125

  1. In a move welcomed by medical experts and patients alike, the U.S. Centers for Disease Control and Prevention (CDC) shortened its recommended two-week coronavirus-related quarantine. (CNBC)
  2. With all of the COVID-19 vaccine news that's come out recently, the U.S. government is acting fast, planning to roll out 6.4 million doses next month. (MarketWatch)
  3. A double downgrade took the wind out of Canada Goose stock.
  4. Dell stock reels in bull notes after an earnings beat.
  5. This cruise line operator dug itself out of penny stock territory. 

Earnings 1125

UVOL 1125

Oil Closes at Highest Level in 8 Months

Oil prices finished today, at an eight-month high, after U.S. crude inventories were shown to have dropped last week. In response, January-dated crude, added 80 cents, or 1.8%, to settle at $45.71 a barrel.

After yesterday dipping toward the psychological $1,800 level, gold prices steadied today thanks to a surprising rise in jobless claims. More specifically, December gold rose 90 cents, or 0.05%, to settle at $1,805.50 an ounce for the day.


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