Indexes Close Higher Following Intense Week of Volatile Trading

Stocks eked out wins for the week, too

Managing Editor
Jan 28, 2022 at 4:34 PM
facebook twitter linkedin


Indexes closed the day higher after an intensely volatile last full week of January, as investors digest the Fed meeting, a slew of big-name earnings, and a historic comeback for the Dow. Chevron (CVX) is weighing heavy on the blue-chip index today, after reporting a disappointing earnings. Apple (AAPL) is providing some stability, however, and helped boost the blue-chip index to its best day of 2022 and tech-heavy Nasdaq to triple-digit gains. Meanwhile, the S&P 500 remains on track for its worst month since March 2020, but all three indexes managed a win for the week.

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

  • The latest name to jump aboard the S&P SmallCap 600.
  • Weak earnings sends tech name to fresh annual low.
  • Plus, earnings send blue-chip surging; 2 big 2022 correction developments; and the latest warning on Robinhood stock.

The Dow Jones Average (DJI - 34,725.47) climbed 564.69 points, or 1.7% for the day. Visa (V) led the gainers today, adding 10.6%, and Caterpillar (CAT) paced the laggards with a 5.2% drop. For the week, the Dow added 1.3%.

The S&P 500 Index (SPX - 4,431.85) moved 105.3 points higher, or 2.4%, while the Nasdaq Composite (IXIC - 13,770.57) tacked on 417.8 points, or 3.1%, for today's session. For the week, the indexes added 0.7% and 0.02%, respectively.

Lastly, the CBOE Volatility Index (VIX - 27.66) shed 2.8 points, or 9.3% for the day, and 4% for the week.

Closing Indexes Summary Jan 28

NYSE and Nasdaq Stats Jan 28

5 Things To Know Today

  1. Fourteen subpoenas have been issued by the House's Jan. 6 insurrection committee to a handful of "alternate electors," for former President Donald Trump. (MarketWatch)
  2. Per a judge ruling, California must continue to follow the net neutrality guidelines, which keep in place rules against internet providers interfering with web traffic.(CNBC)
  3. Record-setting earnings send this blue-chip surging.
  4. 2 important developments from the 2022 correction.
  5. Grave current-quarter warning slams Robinhood stock.

Corporate Earnings Jan 28

Unusual Options Activity Jan 28

Oil Logs Impressive Daily, Weekly Wins

Oil logged an impressive six-week win streak today, alongside a daily close that settled at a seven-year high. Tensions surrounding Ukraine and Russian continue to add support to the increase in prices. March-dated oil added 21 cents, or nearly 0.2%, to settle at $86.82 per barrel. On the week, Oil added 2%.

Gold futures did not fare as well, however, marking their worst week in six, weighed down by the Fed's imminent rise in interest rates. The now most-active contract, April-dated gold, dropped $8.40, or 0.5%, to close at $1,786.60 per ounce. For the week, Gold shed 2.5%, its largest such decline since November.

 

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