Dow Drops Another Triple Digits Under Strain of Fed Fatigue

The VIX, meanwhile, climbed higher

Digital Content Manager
Jan 5, 2023 at 4:27 PM
facebook twitter linkedin


While today's upbeat private payrolls report might have been good news for some, Wall Street is viewing it as a sign that aggressive rate hikes from the Federal Reserve are far from over. The Dow wound up shedding over 300 points, while the S&P 500 and Nasdaq also suffered steep losses. Meanwhile, the Cboe Volatility Index (VIX) -- Wall Street's "fear gauge" -- is back on the rise after plummeting during yesterday's session. 

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

  • 3 stocks making big waves today.
  • Checking in with the crypto sector
  • Plus, WDC's merger update; put traders target WBA; and a surging biotech to watch.

Closing Index Summary January 052023

NYSE and Nasdaq Stats January 052023

5 Things to Know Today 

  1. Delta (DAL) announced it will start offering free Wi-Fi to customers, starting Feb. 1. (CNBC)
  2. Federal regulators are pushing to ban companies from making their employees sign noncompete clauses. (MarketWatch
  3. Merger buzz gave Western Digital stocks a boost.
  4. How options players responded to Walgreen's quarterly report
  5. The surging biotech stock to keep an eye on. 

Earnings January 052023

Unusual Options Activity January 052023

Gold Takes a Breather After 4-Day Win Streak

Oil rose after the Energy Information Act (EIA) shared a smaller-than-expected jump in weekly U.S. crude supplies. West Texas Intermediate (WTI) crude for the now most active, February delivery, added 83 cents, or 1.1%, to settle at $73.67 per barrel.

Gold cooled today amid profit taking on the precious metal's four-day win streak. February-dated gold shed $18.40, or 1%, to settle at $1,840.60 per ounce.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners