Dow Stages Impressive Rebound, Closes with Triple-Digit Gain

The Nasdaq also enjoyed a boost from the tech sector

Deputy Editor
Apr 25, 2022 at 4:31 PM
facebook twitter linkedin

Despite being down 487 points at its session lows, the Dow bounced back to secure a triple-digit win. The Nasdaq closed comfortably higher as well, as the tech sector rebounded amid falling interest rates, while the S&P 500 struggled for direction before posting a modest gain. Wall Street shifted quite a bit of focus overseas today, after the selloff throughout Asian markets highlighted the lockdowns in China. Twitter (TWTR) remained a hot topic as well, after news that the social media giant accepted Elon Musk's takeover offer. 

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

  • Gold stock a good pick for options bulls. 
  • Negative news pressured Exxon Mobile ahead of its report. 
  • Plus, KO's post-earnings pop; K downgraded; and NKTX's stellar day.

The Dow Jones Average (DJI - 34,049.46) rose 238.1 points, or 0.7%. Johnson & Johnson (JNJ) topped the list of Dow members with a 2.5% rise, while Verizon (VZ) sank to the bottom after shedding 3.1%.

The S&P 500 Index (SPX - 4,296.12) added 24.3 points, or 0.6%, while the Nasdaq Composite (IXIC - 13,004.85) climbed 165.6 points, or 1.3%.

Lastly, the Cboe Market Volatility Index (VIX - 27.02) fell 1.2 points, or 4.2%.  

Summary 0425

NYSE Nasdaq 0425

5 Things To Know Today

  1. SpaceX's Crew Dragon spacecraft returned safely to earth with the private crew of Axiom Space’s Ax-1 mission today.  (CNBC)
  2. Facebook parent Meta (META) is opening a retail store on May 9, and adding an online store to its website, giving a "glimpse into the future as the Metaverse comes to life." (MarketWatch)
  3. Coca-Cola stock hit a record high today. 
  4. Breaking down Kellogg's bear note from Deutsche Bank. 
  5. Why Nkarta stock skyrocketed from last session's lows. 

Earnings 0425

UVOL 0425

Gold Falls to 2-Month Low

Oil prices fell for the day, securing the front-month contract's lowest finish in two weeks, as China's lockdowns weighed on the commodity. June-dated West Texas Intermediate (WTI) crude shed  $3.53, or 3.5%, to settle at $98.54 a barrel.

Gold futures fell for the fifth-straight session, marking the lowest settlement for a front-month contract since Feb. 25. June-dated gold dropped $38.30, or 2%, to settle at $1,896 an ounce as the U.S. dollar rose.  


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! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners