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 X logo 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.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI