Dow, S&P 500 Surge Late, Score Modest Gains

The incoming Fed decision and GDP reading are in focus

Digital Content Manager
Jul 25, 2022 at 4:25 PM
facebook X logo linkedin


Stocks kicked off a critical week with a lot of volatility. Wall Street is anxiously awaiting the start of the U.S. Federal Reserve's two-day policy meeting tomorrow, which could bring a 75-basis-point hike. The Dow and S&P 500 traded on both sides of the aisle but scored a last-minute surge into positive territory, while the tech-heavy Nasdaq finished modestly lower.

This will also be a big week of corporate earnings, with a slew of Big Tech reports set to roll in, in addition to a gross domestic product (GDP) reading that may be indicative of a recession. Elsewhere, the Cboe Volatility Index (VIX) snapped a four-day losing streak today, but remains below the psychologically significant 25 level.

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

  • Microsoft stock picks up pre-earnings bear note.
  • Analyst dubs Chinese stock a "catalyst driven idea."
  • Plus, UAL downgraded; why Squarespace stock took a hit; and can this alternative energy name beat expectations?

The Dow Jones Average (DJI - 31,990.04) gained 90.8 points, or 0.3% for the day. Chevron (CVX) led the gainers, adding 3%. Salesforce (CRM) paced the laggards, falling 2.8%.

The S&P 500 Index (SPX - 3,966.84) added 5.2 points, or 0.1% for the day. Meanwhile, the Nasdaq Composite (IXIC -11,782.67) shed 51.5 points, or 0.4% for the session.

Lastly, the Cboe Market Volatility Index (VIX - 23.36) added 0.3 point, or 1.4% for the day. 

closing summary July25

nyse nasdaq July25

5 Things to Know Today

  1. The National Football League (NFL) launched a new streaming service called NFL+,  which includes all out-of-market pre-season games for $4.99 per month. (CNBC)
  2. These stocks could benefit from a heat wave that has led to multiple advisories, with temperatures hitting records in both Boston and Providence. (MarketWatch)
  3. United Airlines stock moved lower on a downgrade to "neutral."
  4. A disappointing revenue outlook weighed on Squarespace stock.
  5. Checking in with this alternative energy stock before earnings.

Earnings July25

UVOL July25

Gold Prices Cool Ahead of Fed Decision

Oil prices finished higher on Monday, but are expected to be volatile this week ahead of the central bank's decision and the U.S. jobs report. September-dated crude rose $1.83, or 1.0%, to settle at $96.53 per barrel. 

Gold prices, meanwhile, finished lower, as traders eye the outcome of the Fed's two-day meeting, and what impact it may have on the U.S. dollar. August-dated gold fell $8.30, or 0.5%, to close at $1,719.10 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI