Dow Logs 4th Straight Weekly Win After Volatile Week

Oil closed its fourth consecutive week higher

Managing Editor
Apr 14, 2023 at 4:30 PM
facebook X logo linkedin

The Big Tech surge for stocks was short-lived, with all major indexes logging either a modest or steep daily loss. Traders brushed off several upbeat earnings, including from J.P. Morgan Chase (JPM) and Citigroup (C). The Cboe Volatility Index (VIX) not only tacked on another loss, but also marked its lowest close since January 2022. For the week, the VIX logged a fourth consecutive drop, but the benchmarks all managed healthy wins, with the Dow making it a fourth-straight. 

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

  • The driving forces behind this tumultuous trading week.
  • This retail stock was eyeing its highest close in 3 weeks.
  • Plus, Tax Day and options; what to expect out of QQQ; and options bull swarm bank stock.



 Things to Know Today 

  1. Walmart (WMT) Chief Merchandising Officer Charles Redfield is leaving his post in May, as the retailer continues to struggle with a rough sales environment. (CNBC)
  2. Tesla (TSLA) CEO Elon Musk is looking to move in on artificial intelligence (AI) with a research team set to build a rival for Microsoft's (MSFT) Chat GPT-4. (MarketWatch)
  3. How Tax Day challenges options trading.
  4. What to expect out of March's Cinderella, QQQ?
  5. Options bulls blasted this bank stock after earnings.



Oil Nabs 4-Straight Weekly Wins

Crude scored a fourth-straight weekly gain, after inflation data and Fed buzz highlighted the past five days. For the session, May-dated crude rose 36 cents, or 0.4%, to close at $82.52 per barrel. On the week, the commodity added 2.3%.

Despite yesterday marking its second-highest close, gold fell for Friday's session. June-dated gold slipped $39.50 or 1.9%, to settle at $2,015.80 an ounce for the day and 0.5% for the week.



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.