Stocks Snap 4-Day Losing Streak; Nasdaq Posts Weekly Win

Investors unpacked upbeat earnings results from Apple

Digital Content Manager
May 5, 2023 at 4:27 PM
facebook X logo linkedin


Stocks rallied on Friday, with the Dow adding 546 points on the heels of a red-hot U.S. jobs report and upbeat results from Apple (AAPL). Regional banks stocks also surged after J.P. Morgan Securities turned bullish on several names, pushing both the S&P 500 and Nasdaq higher as well. All three major indexes snapped four-day losing streaks, but the Nasdaq was the only one to notch a weekly win, though the blue-chip benchmark swung back into positive territory for the year.

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

Closing Index Summary May 52023

NYSE and Nasdaq Stats May 52023

 Things to Know Today 

  1. Wholesale used vehicle prices fell last month for the first time in 2023, but remain elevated as automakers ramp up production of new cars and trucks. (CNBC)
  2. The World Health Organization (WHO) ended the global emergency status for Covid-19 but noted the disease is not over as a global health threat. (Reuters)
  3. Cinco de Mayo could bode well for these 2 stocks.
  4. Options bulls blasted DraftKings stock after earnings.
  5. Fed fatigue after another rate hike dominated Wall Street.

Earnings May 52023

Unusual Options Activity May 52023

Gold Ekes Out Weekly Win

Oil prices settled higher on Friday, snapping a four-day losing streak after a strong jobs report for April. Black gold still shed a whopping 7.1% this week due to recession fears, making its third-straight in the red. June-dated crude added $2.78, or roughly 4.1%, to close at $71.34 per barrel on the day.

Gold prices moved in the opposite direction, settling lower after the aforementioned jobs report raised questions about the future of interest rate hikes. June-dated gold dropped $30.90, or 1.5%, to close at $2,024.80 an ounce on the day, but added 1.3% this week.

 

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