"Fear Gauge" Slides as Rate Decision Looms

The Nasdaq and S&P 500 extended their winning streak to four

Deputy Editor
Jun 13, 2023 at 4:26 PM
facebook X logo linkedin


Wall Street added to yesterday's gains, following upbeat inflation data for May. Locking in a triple-digit win, the Dow extended its winning streak to six, while the S&P 500 and Nasdaq logged their fourth-straight gains and both settled at their highest levels since April 2022. Elsewhere, the Cboe Volatility Index (VIX) broke from its two consecutive wins, as investors priced in the possibility that the Federal Reserve will skip another rate hike.

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

  • Bullish traders could cash out with Trade Desk calls.
  • Can this solar stock bounce within the month?
  • Plus, Man United's buyout update; URBN's bull note; and home retailer reaffirms forecast.

indexesjune13

nysejune13

5 Things to Know Today

  1. A quick guide with a detailed inflation breakdown for last month. (CNBC)
  2. GameStop (GME) Executive Chair Ryan Cohen bough $10 million in shares of the retailer following a post-earnings selloff. (MarketWatch)
  3. Manchester United's takeover talks ramped up.
  4. Analyst loved Urban Outfitters stock's outlook. 
  5. Home Depot reaffirmed its 2023 forecast.

earnjune13

uvoljune13

Oil Prices Bounce as Investors Bet on Chinese Demand

Oil prices jumped after China's central bank cut its short-term lending rate, bolstering investors' hopes that oil demand in the world's second-largest economy, will increase. July-dated crude added $2.30, or 3.4%, to close at $69.42 per barrel for the day.

Gold futures fell for a third-straight session, following May's CPI reading. August-dated gold lost $11.10, or 0.6%, to close at $1,958.60 an ounce today.

 

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