Stocks Lose, Then Regain Footing in Roller-Coaster Trading

Inflation data is once more at the forefront of investors' minds

Deputy Editor
Sep 14, 2022 at 4:34 PM
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After trading within a 300-point range today, the Dow closed marginally higher amid a volatile session. The blue-chip index erased earlier gains and seemed poised to extend yesterday's tremendous losses. In the final hour of trading, though, the Dow pared a triple-digit loss to finish up 40 points. The S&P 500 and Nasdaq both followed suit with similar last-minute rallies. Investors are still unpacking today's producer price index (PPI) reading for August, which fell for the second-straight month, losing 0.1%. 

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

  • 10 commandments of fantasy football and options trading.  
  • EV stock surges on upgrade to "buy." 
  • Plus, support in place for CZR; and two stocks seeing analyst praise. 

The Dow Jones Average (DJI - 31,135.09) gained 30.1 points, or 0.1% for the day. Chevron (CVX) led the gainers with a 2.4% rise, while Honeywell (HON) landed at the bottom of the list with a 2.7% drop. 

The S&P 500 Index (SPX - 3,946.01) rose 13.3 points, or 0.3% for the day, while the Nasdaq Composite (IXIC - 11,719.68) added 86.1 points, or 0.7%.

Lastly, the Cboe Volatility Index (VIX - 26.16) lost 1.1 points, or 4.1%. 

closing indexes sept 14 22

nyse and nasdaq sept 14 22

5 Things to Know Today

  1. As part of GameStop's continuous push into digital assets, the company is adding NFT trading cards to its loyalty program perks.(CNBC)
  2. The deadline for an agreement to be reached over the impending U.S. railroad strike -- which could have serious economic implications -- is coming up tomorrow.  (MarketWatch)
  3. Casino stock for options bulls to watch. 
  4. Underperforming consumer lending name receives upgrade.  
  5. Analyst calls Merck stock a "low-risk value option." 

There were no earnings of note today. 

uvol sept 14 22

Oil Prices Rise on Reserve Speculation

Oil prices rose today -- their fourth win in the last five days -- after Bloomberg reported that the Biden administration may refill the nation's oil reserve when crude prices dip below $80 a barrel. October-dated West Texas Intermediate (WTI) crude added $1.17, or 1.3%, to settle at $88.48 a barrel on the New York Mercantile Exchange.

Gold futures fell for the second-straight day as the dollar rebounded. December-dated gold dropped $8.30, or 0.5%, to settle at $1,709.10 per ounce. 

 

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