Dow Adds 754 Points as Market Rally Resumes

Some traders believe the worst of the market selloff is behind us

Digital Content Manager
Jul 19, 2022 at 4:36 PM
facebook X logo linkedin

The market's recent rally picked back up on Tuesday, with the Dow adding 754 points, while the Nasdaq and S&P 500 both added more than 2%. All three indexes logged their best days since June 24. Today's influx of upbeat earnings reports sent stocks soaring, while many are speculating as to whether or not the market bottom has already happened. Tech stocks, especially, saw a strong day of trading. Netflix (NFLX) added more than 5% ahead of this evening's earnings report, while Google parent Alphabet (GOOGL) enjoyed additional upside following Monday's 20-for-1 stock split.

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

The Dow Jones Average (DJI -  31,827.05) gained 754.4 points, or 2.4% for the day. Boeing (BA) led the gainers, adding 5.7%. IBM (IBM) paced the losers, shedding 5.3%.

The S&P 500 Index (SPX - 3,936.69) added 105.8 points, or 2.8% for the day. Meanwhile, the Nasdaq Composite (IXIC - 11,713.15) rose 353.1 points, or 3.1% for the session.

Lastly, the Cboe Market Volatility Index (VIX - 24.50) lost 0.8 point, or 3.2% for the day. 

Closing Indexes Summary July 19

NYSE and Nasdaq Stats July 19

5 Things to Know Today

  1. London has registered record temperatures above 40 degrees Celsius -- or 104 degrees Fahrenheit -- which is what the U.K.'s official weather forecasting agency, the Met Office, predicted the temperature would reach by 2050. (CNBC)
  2. Elon Musk will have to attend a five-day trial this October via teleconference, after Delaware Court of Chancery Chancellor Kathaleen McCormick granted Twitter's (TWTR) motion for an expedited trial in its lawsuit against Musk over dropping his plan to buy the social media company for $44 billion. (CNBC)
  3. The dire warning that overshadowed IBM's earnings beat. 
  4. 2 solar stocks to watch out for, according to Piper Sandler. 
  5. Why this China-based tech stock made our Schaeffer's 41st Anniversary Stock Picks report. 

Corporate Earnings July 19

Unusual Options Activity July 19

Production Concerns Send Oil Higher

Oil strung on another daily win as investors fretted over the Organization of the Petroleum Exporting Countries (OPEC) ineffective efforts to lift production. Discussions over more U.S. restrictions on fossil fuels also sent prices higher. August-dated crude added $1.62, or 1.6%, to finish at $104.22 per barrel for the day. 

More weakness in the U.S. dollar sent gold prices higher, and though a rise in Treasury yields did put some weight on the commodity, it managed to log another settlement atop the key $1,700 per ounce level. August-dated gold added 50 cents, or 0.1%, to close at $1,710.70 an ounce.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI