Stocks Backpedal as Inflation Remains in Focus

The Dow traded in a 448-point range today

Deputy Editor
Apr 12, 2022 at 4:26 PM
facebook X logo linkedin


Stocks reversed their sizable midday gains today. The Dow turned sharply lower despite trading 365 points higher at its session peak, while the Nasdaq and S&P 500 snagged their third-straight losses. Investors were initially encouraged that this morning's consumer price index implied a peak in inflation may be imminent. However, Wall Street pared its gains as investors still weighed the tighter monetary policy looming from the Federal Reserve in the coming months. Following the report, the 10-year Treasury yield pulled back from its three-year highs.

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

  • The retail stock options bears should be watching. 
  • 2 cloud stocks to target as tech tries to bounce back. 
  • Plus, what to do with red-hot TGT; KMX's post-earnings pullback; and how to use the fig leaf options strategy. 

The Dow Jones Average (DJI - 34,220.29) dropped 87.8 points, or 0.3% for the day. Dow (DOW) led the gainers with a 2.1% rise, while Cisco Systems (CSCO) dropped to the bottom of the index with a 2% loss. 

The S&P 500 Index (SPX - 4,397.45) lost 15.1 points, or 0.3%, for the day, while the Nasdaq Composite (IXIC - 13,371.57) fell 40.4 points, or 0.3% in today's session.

Lastly, the Cboe Market Volatility Index (VIX - 24.26) lost 0.1 point, or 0.5% for the day.

closing indexes apr 12

nyse and nasdaq april 12

5 Things To Know Today

  1. As inflation soars, you may have noticed that grocery prices have increased. Here's how much several items have jumped in price. (CNBC)
  2. This upcoming Earth Day, April 22, Lululemon Athletica Inc (LULU) will launch its resale program. The proceeds will go to sustainability initiatives. (MarketWatch)
  3. Target stock has toppled several trendlines on the charts. 
  4. Earnings miss sent CarMax stock lower. 
  5. The basics of the fig leaf options strategy

earnings april 12

uvol apr 12

Gold Prices Nab Four Straight, Hit 1-Month High

Oil prices settled back above $100, amid news that China has begun to lift lockdowns. May-dated West Texas Intermediate (WTI) crude rose $6.31, or 6.7%, to settle at $100.60 a barrel. 

Gold prices rose for the fourth straight day. June-dated gold added $27.90, or 1.4%, to settle at $1,976.10 an ounce -- the highest settlement for the front-month contract since March 11.  

 

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