Stocks Score Weekly Wins as "Fear Gauge" Cools

The Cboe Volatility Index (VIX) logged its worst week in years

Digital Content Manager
Dec 10, 2021 at 4:27 PM
facebook X logo linkedin


The highest inflation reading in nearly 40 years did little to deter Wall Street today, as stocks charged higher in the afternoon hours. The Dow walked away with a 216-point pop, while the S&P 500 and Nasdaq registered substantial wins of their own. For the week, all three major indexes finished with solid gains, with the Dow snapping a four-week losing streak. Elsewhere, the Cboe Volatility Index (VIX) logged its fourth loss in five days, and clocked its worst weekly percentage loss since 2016.

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

  • These were the 9 hottest cannabis stocks this week.
  • Beyond Meat stock sank after a Taco Bell snub.
  • Plus, analysts sing COST's praises; tech stock scores government contract; and why options bears rushed this retail stock.

The Dow Jones Average (DJI - 35,970.99) added 216.3 points, or 0.6% for the day, and 4% for the week. Cisco Systems (CSCO) led the gainers, adding 3%, while Goldman Sachs Group (GS) paced the laggards with a 1.4% fall.

The S&P 500 Index (SPX - 4,712.02) rose 44.6 points, or 1% for the day, and 3.8% for the week. Meanwhile, the Nasdaq Composite (IXIC - 15,630.60) jumped 113.2, or 0.7% for the day, and 3.6% for the week.

Lastly, the CBOE Volatility Index (VIX - 18.69) shed 2.9 points, or 13.4% for the day, and 39% for the week.

Indexesdec10

NYSEdec10

  1. Centers for Disease Control (CDC) data shows the first-known omicron patient in the U.S. had symptoms on Nov. 15 , indicating the strain may have been present in the country sooner than previously indicated. (CNBC)
  2. President Joe Biden will sign an executive order next week that aims to make the U.S. carbon-neutral by 2050, through a fleet of electric vehicles and changes to how government buys electricity. (MarketWatch) 
  3. Why analysts blasted Costco stock with bull notes after earnings.
  4. This tech stock surged after scoring a big government contract.
  5. American Outdoor stock's dismal outlook drew options bears. 

earndec10

UVOLdec10

Inflation Data Helps Gold to First Weekly Win Since November

Oil prices settled higher on Friday to notch an over 8% win for the week -- the best since August. Today's pop came as investors became confident that the omicron strain will not majorly impact crude demand or economic activity. In turn, January-dated crude added 73 cents, or 1%, to finish at $71.67 per barrel.

Gold prices finished higher as well to score their first weekly gain since early November. Boosting the yellow metal was a red-hot inflation reading, which saw its biggest jump in nearly four decades. As a result, February-dated gold rose $8.10, or 0.5%, to close at $1,784.80 per ounce. For the week, prices were slightly above breakeven.

 

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