Stocks Close Lower as Yields Continue to Weigh

Oil logged another seven-year high

Managing Editor
Jan 19, 2022 at 4:40 PM
facebook twitter linkedin

U.S. markets closed lower today, fresh off yesterday's steep losses amid this morning's rise in treasury yields. The tech-heavy Nasdaq closed lower despite a battle between breakeven most of the last hour of trading, while the Dow marked its fourth-straight triple-digit loss. Meanwhile, Wall Street's so-called "fear gauge," or VIX, marked its highest close since Dec. 6. Airline earnings are on the horizon, likely a focus for options traders in the coming days.

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

  • Venture name buzzing after trading frenzy.
  • Bulls flock to SOFI on regulatory approval.
  • Plus, a pre-earnings stock breakdown; the bearish alarm sounding; and the latest on Broadcom's current pullback. 

The Dow Jones Average (DJI - 35,028.65) shed 339.8 points, or 1% for the day. Procter & Gamble (PG) led the gainers today, adding 3.4%, and Boeing (BA) paced the laggards with a 3.5% fall.

The S&P 500 Index (SPX - 4,532.76) moved 44.4 points lower, or 1%, while the Nasdaq Composite (IXIC -  14,340.26) dropped 166.6 points, or 1.2%, for today's session.

Lastly, the CBOE Volatility Index (VIX - 23.85) added 1 point, or 4.7% for the day. 

Closing Indexes Summary Jan 19

NYSE and Nasdaq Stats Jan 19

  1. California Governor Gavin Newsom is expanding a program that will allow students at 45 colleges and universities to volunteer and receive $10,000 in tuition allowance. (Bloomberg)
  2. A "walled garden risk" is on the list of potential outcomes of the buzz-worthy Activision Blizzard (ATVI) and Microsoft (MSFT) buyout for GameStop (GME), says Jefferies' analyst Stephanie Wissink. (MarketWatch)
  3. A quick pre-earnings breakdown of Colgate stock.
  4. This sentiment survey looks to be sounding a bearish alarm.
  5. Why the Broadcom stock pullback may be over soon.

Corporate Earnings Jan 19

Unusual Options Activity Jan 19

Oil Climbs, Extends 2014 High

Oil looks to be a commodity ready to make the most of its most recent rally, extending its 2014 highs in today's session. Supply worries also eased, as a repair was made on the recently damaged Kirkuk-Ceyhan pipeline. February-dated oil added $1.53, or 1.8%, to finish at $86.96 for the day.

Gold also enjoyed a lift in Wednesday's trading, marking a fresh two-month high as treasury yields ease later in the day. February-dated gold tacked on $30.80, or 1.7%, to close at $1,843.20 per ounce. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1