Dow, S&P 500 Turn in Four-Straight Record Closes

The Nasdaq, meanwhile, closed lower for the week

Deputy Editor
Aug 13, 2021 at 4:30 PM
facebook X logo linkedin


Looking to cap an already fantastic week off on a high note, the Dow and S&P 500 each scored their fourth-straight record close. The blue-chip index snagged a new intraday high, but pared some of those gains, finishing around 15 points higher, despite a blowout earnings report from crucial component Walt Disney (DIS). The S&P 500 also finished just above breakeven, while the tech-heavy Nasdaq closed the day just barely in the black, and turned in the only negative weekly performance out of the three major benchmarks. Elsewhere, the Cboe Volatility Index (VIX), Wall Street's "fear gauge," locked in its third-straight daily loss to close out the week lower.

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

  • Our latest Schaeffer's Market Mashup covers the typical mistakes options traders make.
  • Breaking down and understanding options Greeks.
  • Plus, how analysts' feel towards big name pizza stock; Airbnb's pandemic-induced breather; and why DoorDash stock pulled back. 

The Dow Jones Average (DJI - 35,515.38) rose 15.5 points, or 0.04% for the day, and 0.9% for the week. Salesforce.com (CRM) topped the list of 30 Dow winners, rising 1.3%, while Boeing (BA) fell 1.6% to pace the laggards.

The S&P 500 Index (SPX - 4,468.09) added 7.3 points, or 0.2% for the day. Meanwhile, the Nasdaq Composite (IXIC - 14,822.89) rose 6.6 points, or 0.04%, for the day. The indexes added 0.7% and lost 0.09%, respectively, this week.

Lastly, the Cboe Volatility Index (VIX - 15.45) lost 0.1 point, or 0.9%, for the day, and 4.3% this week.

indexesaug13

nyseaug13

  1. A key Center for Disease Control and Prevention (CDC) panel recommended Covid-19 boosters to immunocompromised Americans. (CNBC)
  2. As the Delta variant continues to spread, face mask fights escalate in Texas and Florida. (MarketWatch)
  3. Bull notes could send this pizza name even higher.
  4. Airbnb Stock dips on Covid-19 threat.
  5. A mixed earnings report sunk food delivery powerhouse.

earningschartaug13

UVOLaug13

Oil, Gold Carve Out Weekly Gains

Oil prices dipped again to close out the week, as governments around the globe move to revive lockdown measures amid an increase in global Covid-19 cases. In response, the International Energy Agency (IEA) issued a warning, saying that black gold demand has come to a crawl. September-dated crude lost 65 cents, or 0.9%, to settle at $68.44 a barrel for the day, but rose 0.2% on the week.

Gold prices, on the other hand, rose on the heels of a retreating U.S. dollar. Further buoying bullion today was increased physical demand from large consumers, particularly India and China. As a result, December-dated gold added $26.40, or 1.5%, to settle at $1,778.20 an ounce today, and 0.9% this week.

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI