Dow Drops as S&P 500, Nasdaq Notch Record Closes

Wall Street's "fear gauge" hit a one-week high

Managing Editor
Nov 18, 2021 at 4:26 PM
facebook X logo linkedin

The Dow fell for a second-straight day, as weak price action and choppy trading once more took hold of Wall Street. The S&P 500 and Nasdaq finished comfortably in the black though, both scoring record closes along the way. Jobless claims and corporate earnings dominated the conversation today, with chip stocks enjoying a halo lift from Nvidia's (NVDA) upbeat quarterly report. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), climbed to a one-week high but continues to trade in a tight range.

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

  • Two tech stocks investors should be watching.
  • Why this retailer could be a short-term contrarian play.
  • Plus, CSCO's supply chain headwinds; Sonos' post-earnings options activity; and the investing potential of a fast food staple.

The Dow Jones Average (DJI - 35,870.95) lost 60.1 points or 0.2% for the day. Apple (AAPL) was the best-performing Dow stock once more, adding 2.8%, while Cisco Systems (CSCO) led the 19 laggards with a 5.5% drop.

The S&P 500 Index (SPX - 4,704.54) added 15.6 points, or 0.3% for the day, while the Nasdaq Composite (IXIC - 15,933.71) gained 72.1, or 0.5% for the day.

Lastly, the CBOE Market Volatility Index (VIX - 17.59) added 0.5 point, or 2.8% for the day. 

closing summary Nov18

nyse nasdaq Nov18

  1. As a three-year project that is expected to begin in Spring of 2022, CVS Health (CVS) plans to close around 300 stores to reduce overhead. A notable increase in online orders is a large driver behind the move, says the drugstore chain. (MarketWatch)
  2. In an effort to combat the rising Covid-19 case count in the region, Greece's Prime Minister Kyriakos Mitsotakis said those who are unvaccinated will no longer be allowed to enter restaurants, movie theaters, museums, and gyms -- regardless of a negative test. (Reuters
  3. Blue-chip powerhouse slides on supply chain issues.
  4. Home audio name struggles on heels of revenue miss.
  5. Fast food stock set to fall flat for investors this year.

Earnings Nov18

UVOL Nov18

Gold Suffers Retreat From Yesterday's Highs

Oil prices gained today, bouncing off six-week lows. Investors are still playing the wait-and-see game with regards to crude released from strategic reserves and the amount needed to combat spiking demand. December-dated crude added65 cents, or 0.8% to settle at $79.01 a barrel today.

Gold futures gave back most of Wednesday's gains, as U.S. Treasury yields and a rising dollar continues to add pressure. December-dated gold shed $8.80 or, 0.5%, to settle at $1,861.40 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