Dow Tacks On 3rd-Straight Triple-Digit Win

The VIX tagged its lowest close since Sept. 22

Digital Content Manager
Oct 25, 2022 at 4:26 PM
facebook X logo linkedin


Wall Street's October rally keeps on chugging. The Dow marked its third consecutive triple-digit win, adding 337 points, while the S&P 500 and Nasdaq also extended their win streaks for a third-straight session. Cooling Treasury yields boosted sentiment today, as Alphabet (GOOGL) and Microsoft (MSFT) take to the earnings confessional after the close.

Elsewhere, consumer confidence took a turn lower in September, while home prices fell at a record pace in August. This has left some investors hoping the Federal Reserve will back off its hawkish stance sometime soon. Against this backdrop, the Cboe Volatility Index (VIX) logged its lowest close in over a month. 

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

The Dow Jones Average (DJI - 31,836.74) added 337.1 points, or 1.1% for the day. Nike (NKE) led the gainers, adding 4.2%, while Travelers (TRV) paced the laggards with a 2.1% loss.

The S&P 500 Index (SPX - 3,859.11) rose 61.8 points, or 1.6% for the day. Meanwhile, the Nasdaq Composite (IXIC - 11,199.12) gained 246.5 points, or 2.3% for the session.

Lastly, the Cboe Volatility Index (VIX - 28.46) fell 1.4 points, or 4.7% for the session.

closing summary Oct25

nyse nasdaq Oct25

5 Things to Know Today

  1. Airlines are reporting strong travel demand, but parts and labor shortages are now making it hard for Boeing (BA) to deliver new planes, keeping fares high. (CNBC)
  2. President Joe Biden called on more Americans to get Covid-19 boosters amid low vaccination rates, as he received his own dose of the updated shot. (MarketWatch)
  3. Call traders eyed Coca-Cola stock after blowout earnings.
  4. General Motors stock popped on a reaffirmed full-year forecast.
  5. This auto stock enjoyed a halo liftahead of its quarterly report.

Earnings Oct25

UVOL Oct25

Gold Prices Nudge Higher as U.S. Dollar Cools

Oil prices edged higher on Tuesday, despite tight supply concerns after China revealed crude imports are down 4.3% compared to a year ago, despite rising to 9.8 billion barrels in September. November-dated crude rose 74 cents, or 0.9%, to finish at $84.58 per barrel.

Gold settled higher as well, thanks in large part to a weaker U.S. dollar and retreating Treasury yields. In response, December-dated gold added $3.90, or 0.2%, to close at $1,658 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