Dow Locks in Record Close Despite Rising Cases, Jobs Data

Both oil and gold logged daily wins

Managing Editor
Jan 4, 2022 at 4:33 PM
facebook twitter linkedin


The Dow and S&P 500 enjoyed a set of fresh intraday highs today, with the former also notching a record close, led mostly by an outperforming finance sector. The tech-heavy Nasdaq took a hit, however, as investors sold the sector in response to a continued rise in bond yields. Wall Street continues to brush off the impact of the surge in Covid-19 infections, with cases climbing past 1 million, as well as data showing a record 4.5 million Americans quit their jobs in November. 

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

The Dow Jones Average (DJI - 36,799.65) added 214.6 points, or 0.6% for the day. Caterpillar (CAT) led the gainers today, adding 5.4%, and Salesforce.com (CRM) paced the laggards with a 2.8% fall.

The S&P 500 Index (SPX - 4,793.54) slipped 3 points, or 0.06% for the day. Meanwhile, the Nasdaq Composite (IXIC -  15,622.72) moved 210.1 points lower, or down 1.3% for today's session.

Lastly, the CBOE Volatility Index (VIX - 16.91) added0.3 point, or 1.9% for the day.

Closing Indexes Summary Jan 4

NYSE and Nasdaq Stats Jan 4

  1. President Joe Biden on Tuesday ordered 10 million additional doses of Pfizer's (PFE) oral, antiviral, covid-19 treatment pill. (CNBC)
  2. Shares of General Electric (GE) are gapping higher after a long-term bear analyst said the stock's recent pullback presented a unique buying opportunity. (MarketWatch)
  3. Foot Locker stock moved lower on the heels of a bear note.
  4. Behind Apple's (AAPL) big market cap move.
  5. Check in with this blue chip before earnings.

There were no earnings of note.

Unusual Options Volume Jan 4

Oil Jumps Higher on OPEC+ Decision

Oil finished the day higher after the Organization of the Petroleum Exporting Countries and their allies (OPEC+) decided to keep to their current crude production plan through February. February-dated crude added 91 cents, or 1.2%, to finish at $76.99 per barrel.

Slower-than-expected manufacturing growth, mediocre jobs data, and rising Treasury yields failed to stall Gold in Tuesday's session. February-dated gold tacked on $14.50, or 0.8%, to close at $1,814.60 per ounce.

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Best stocks for October and worst stocks for October
 


 


 
Special Offers from Schaeffer's Trading Partners