Indexes Settle Higher After Volatile Session

Oil and gold also struggled today

Managing Editor
Apr 17, 2023 at 4:27 PM
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The major indexes closed today's choppy session higher -- the Dow snagging a surprise 100-point win -- as investors struggled for direction amid the start of a fresh earnings week. Bank earnings are in focus, with Charles Schwab (SCHW) kicking things off this morning, just weeks after the bank sector blunder. Despite eyeing a win for most of the day, the Cboe Volatility Index (VIX) tacked on its fourth-straight drop.

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

  • History says this chip stock could bounce.
  • Facebook parent stirs up pre-earnings buzz.
  • Plus, bank stock brushes off lackluster report; bulls circle pharma stock; and the SPX level to watch.

Closing Indexes Summary April 17

NYSE and Nasdaq Stats April 17

 Things to Know Today 

  1. Apple (AAPL) launched a savings account for users with an Apple Card. The account can be created through the iPhone's Wallet feature and holds a 4.15% annual yield. (CNBC)
  2. As part of the telecom company's turnaround efforts, Ericsson (ERIC) Chief Financial Officer (CFO) Carl Mellander, will leave his post early 2024. (MarketWatch)
  3. Which bank giant brushed off  a revenue miss.
  4. Biogen stock bombarded with bull notes.
  5. Key S&P 500 level to watch right now.

Corporate Earnings April 17

Unusual Options Activity April 17

Oil Backpedals on Demand Worries

Crude demands remained at the forefront of investor's minds, sending oil lower for today's session. May-dated crude fell $1.69, or almost 2.1%, to close at $80.83 per barrel.

Gold continued extended Friday's losses into the new week, ending the day lower. The June-dated commodity slipped $8.80 or 0.4%, to settle at $2,007 an ounce after briefly dipping below the key $2,000 level.

 

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