Major Indexes Snap Record-Setting Win Streak

All three indexes fell from yesterday's highs

Deputy Editor

Jul 27, 2021 at 4:31 PM

All three major benchmarks fell from yesterday's record highs, each snapping five-day win streaks. The Nasdaq ended the day with triple-digit losses, while the Dow and S&P 500 finished firmly in the red as well. The U.S. Case-Shiller index added 2.1% in April, and 16.6% year-over-year in May -- a new record high for home prices -- as demand for housing continues to surge. Elsewhere, the Fed's two-day policy meeting kicked off today, and investors are looking forward to big-name earnings from Alphabet (GOOG), Microsoft (MSFT), and Apple (AAPL) after the close.

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

Analysts chime in on Starbucks stock as company makes moves.
Why SWK shrugged off an upbeat quarterly report.
Plus, IRBT struggling with resistance; price-target hikes for TSLA; and SHW's earnings miss.

The Dow Jones Average (DJI - 35,058.52) fell 85.8 points, or 0.2%. Of the 30 Dow components, McDonald's (MCD) was at the top of the list today, adding 1%, while Intel (INTC) landed at the bottom of the list with a 2.1% drop.

Meanwhile, the S&P 500 Index (SPX - 4,401.46) shed 20.8 points, or 0.5%, and the Nasdaq Composite (IXIC - 14,660.58) lost on 180.1 points, or 1.2%.

Lastly, the Cboe Volatility Index (VIX - 19.36) added 1.8 points, or 10.1%.

closing indexes july 27

nyse and nasdaq july 27

Home Depot will be using Bluetooth to deter organized retail crime, preventing stolen items from working. (Marketwatch)
A one-of-a-kind Wu-Tang Clan album, which was forfeited as part of Martin Shkreli’s criminal conviction, was sold by the U.S. government. (CNBC)
A look at IRBT ahead of tomorrow's earnings.
Analyst bulls target TSLA after a top- and bottom-line beat.
Sherwin-Williams stock could be on track to snap five straight weekly wins.

Unusual Options Activity July 27

Gold Prices Still Below $1,800

Oil prices moved lower for a second-straight day, as supply/demand concerns and the spread of the coronavirus continue to weigh. September-dated crude fell 26 cents, or 0.4%, at $71.65 a barrel.

Gold futures rose slightly higher, though the precious metal still settled below the significant $1,800 level, as investors await the conclusion of the Fed's two-day policy meeting. August-dated gold added 60 cents, or 0.03%, to end at $1,799.80 an ounce.

Follow @Schaeffers

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released!