Nasdaq Strings 5 Straight for Best Win Streak Since July

The VIX settled below 20 for the first time since early December

Digital Content Manager
Jan 12, 2023 at 4:28 PM
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Stocks regained their footing this afternoon, after consumer price index (CPI) data for December showed inflation is easing as economists expected. Traders are now turning to the Federal Reserve, which tied its hawkish policy to controlling red-hot inflation, for direction.

In response to the strong economic data, the Dow rose 216 points for its third-straight triple-digit gain. While the S&P 500 and Nasdaq saw more modest wins, the latter is on its longest win streak since July after a fifth consecutive pop. Conversely, the Cboe Volatility Index (VIX) settled below 20 for the first time since Dec. 2.

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

  • Unpacking Logitech stock's massive tumble. 
  • Why options bulls blasted these 3 stocks.
  • Plus airline giant raises forecast; 2 crypto stocks popping; and Dollar General stock could soon surge.

Closing Index Summary January 122023

NYSE and Nasdaq Stats January 122023

5 Things to Know Today 

  1. Delta Air Lines (DAL) revealed plans to curb employee access to its lounges when they are flying standby starting next month as it looks to avoid crowding(CNBC)
  2. Swedish iron-ore miner LKAB identified “significant deposits” of rare earth elements that may reduce Europe’s dependency on China. (MarketWatch
  3. American Airlines stock extended its rally on a forecast hike.
  4. Bitcoin's surge boosted these 2 crypto-adjacent stocks.
  5. Dollar General stock nears 2 historically bullish trendlines.

Earnings January 122023

 Unusual Options Activity January 122023

Gold Prices Surge to Highest Level Since April

Oil prices saw even more gains on Thursday, nabbing a sixth-straight gain to mark their longest win streak since February. Cooling inflation and a weaker U.S. dollar helped the commodity. February-dated crude rose 98 cents, or 1.3%, to settle at $78.39 per barrel.

Gold prices also had a big day, settling at their highest level since April. Hopes that the Fed will slow down the pace of interest rate hikes contributed to the yellow metal's rise. In turn, February-dated gold added $19.90, or 1.1%, to settle at $1,898.80 per ounce.



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