Dow Logs Impressive Win as Tech Sector Soars

Oil logged its highest close in almost two weeks

Digital Content Manager
Dec 7, 2021 at 4:24 PM
facebook X logo linkedin


Stocks extended their rallies on Tuesday, as Covid-19 fears continued to subside and reopening stocks kept climbing. The Dow scored a nearly 500-point win while the S&P 500 and Nasdaq walked away with their second-straight day of gains, as investors bought back into tech and chipmakers rallied. Amid the burgeoning market optimism, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), shed 15% today.

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

  • Pre-earnings bear notes couldn’t shake this tech stock.
  • Buy the dip on this crypto-adjacent stock.
  • Plus, analyst matches with Bumble stock; CPB shareholders await payout; and unpacking Mimecast’s billion-dollar buyout.

The Dow Jones Average (DJI - 35,719.43) added 492.4 points, or 1.4% for the day. American Express (AXP) paced the 24 gainers with a 3.9% win. Merck (MRK) led the six laggards with a 1.5% drop.

The S&P 500 Index (SPX - 4,686.75) rose 95.1 points, or 2.1% for the day. The Nasdaq Composite (IXIC - 15,686.92) jumped 461.8, or 3% for the day.

The CBOE Volatility Index (VIX - 22.09) fell 5.1 points, or 18.7% for the day.

 

Closing index charts are disabled with Amazon Web Services down. We apologize for the inconvenience.

  1. Amazon.com’s (AMZN) cloud computing unit, also known as Amazon Web Services, experienced an outage on Tuesday that brought down websites and other services. (CNBC)
  2. The U.S. Securities and Exchange Commission (SEC) is investigating Tesla (TSLA) over a whistleblower's solar-cell claims. (MarketWatch)
  3. Bumble stock surged after one analyst swiped right today.
  4. Dividend payouts may be in store for Campbell Soup stock shareholders.
  5. A billion-dollar buyout pushed Mimecast stock higher.

Oil Surges to Nearly 2-Week High on Easing Omicron Fears

Oil prices settled higher on Tuesday, for their best close in nearly two weeks. Contributing to today’s pop were easing Covid-19 omicron fears, with investors now anticipating no significant impact to global economic growth, while also hoping for a robust holiday driving season. In turn, January-dated crude rose 3.7%, or $2.56, to close at $72.05 per barrel.

Gold prices finished higher as well, notching their highest settlement in more than a week. Investors are taking interest in the precious metal ahead of 2022 as a portfolio and currency hedge. As a result, February-dated gold added $5.20, or 0.4% to close at $1,784.70 per 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI