Nasdaq Logs Best Week Since March

The VIX logged its fourth-straight weekly loss

Managing Editor
Nov 11, 2022 at 4:34 PM
facebook X logo linkedin


Stocks scored a big win on Veteran's Day, rising into positive territory in the late afternoon. All three major indexes notched their fourth win in the last five sessions, locking up healthy weekly wins in the process, with the Nasdaq securing its best weekly percentage gain since March.

The 10-year Treasury yield continues to cool, last seen at 3.82%, while Bitcoin (BTC) continues to flounder amid cryptocurrency exchange turmoil. Wall Street's "fear gauge," the Cboe Volatility Index (VIX) tagged its fourth-straight weekly loss and lowest close since Aug. 24. 

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

  • Senior Market Strategist Chris Prybal on stock trends he's watching right now.
  • Analyst: This chip stock faces stiff competition. 
  • Plus, TOST winning the day; a rare WBA upgrade; and a historic week for stocks.

The Dow Jones Industrial Average (DJI - 33,747.86) added 32.5 points, or 0.1% for the day. Walgreens Boots Alliance (WBA) led the Dow with a 7.2% win, while UnitedHealth (UNH) paced the 12 laggards with a 4.1% drop. For the week, the Dow added 4.1%

The S&P 500 Index (SPX - 3,992.93) rose 36.5 points, or 0.9% for the day, while the Nasdaq Composite Index (IXIC - 11,323.33) climbed 209.2 points, or 1.9%. For the week, the SPX tacked on 5.9% and the Nasdaq gained 8.1%,. 

Lastly, the Cboe Volatility Index (VIX - 22.48) shed 1 point, or 4.4% for the session, and lost 8.3% for the week.

Closing Indexes Summary November 11112022

NYSE and Nasdaq Stats November 11112022

5 Things to Know Today 

  1. Advertiser activity in social media companies Snap (SNAP) and TikTok is ramping up in the wake of Elon Musk's attempts to "improve" Twitter. (MarketWatch)
  2. Keep an eye on Germany's gathering of raw materials, amid a burgeoning supply crisis and economic recession. (Bloomberg)
  3. Toast stock has had quite the week.
  4. What turned one analyst bullish on Walgreens stock.
  5. Unpacking a wild week on Wall Street.

EarningsNovember 11112022

Unusual Options Activity November 11112022

Oil, Gold Prices Nab Comfy Weekly Wins

Oil prices finished higher today, thanks to a weaker U.S. dollar and encouraging Covid developments out of China. December-dated crude added $2.49cents, or 2.9% to trade at $88.96 per barrel. For the week though, black gold shed 3.9%.

Gold prices took their cues from a falling dollar. December-dated gold added $15.70, or 0.9%, to settle at $1,769.40 an ounce. For the week, the safe-haven asset added 5.5%.

 

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