Stocks Stay Hot as "Fear Gauge" Deflates

The S&P 500 and Nasdaq logged their highest close since April 2022

Managing Editor
Jul 12, 2023 at 4:28 PM
facebook X logo linkedin

The Dow scored its third-straight gain today, although inflation tailwinds wore off as the closing bell sounded. The blue-chip index was up over 325 points at its session highs, but still finished with solid gains to extend its hot streak. The S&P 500 and Nasdaq locked up three-day win streaks of their own, both closing at their highest level since April 2022. With investors reassessing the Fed's interest rate policy, the Cboe Volatility Index (VIX) logged its worst single-session drop since June 1. 

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

  • What does Amazon Prime Day mean for the stock?
  • 2 China-based tech stocks enjoyed outsized gains.
  • Plus, EV stock dinged; a 2023 sector analysis; and more upside for NFLX. 

Summary 0712

NYSE Nasdaq 0712

5 Things to Know Today

  1. The Fed's Beige Book underscores the cooling inflation data today. (MarketWatch)
  2. Ukraine has NATO's support, even if the timetable is murky. (Reuters)
  3. Why this EV stock sat out of today's rally.
  4. Should you buy the dip on these underperforming sectors?
  5. Another analyst buys the Netflix stock revival.

There are no notable earnings reports today.

UVOL 0712

Commodities Enjoy CPI Tailwinds

Oil prices scored back-to-back gains today as the Organization of the Petroleum Exporting Countries and their allies' (OPEC+) supply cuts offset a weekly gain in U.S. commercial crude inventories. August-dated oil tacked on 92 cents, or 1.2%, to settle at $75.75 per barrel.

Gold prices stayed hot as well, buoyed by the prospect of a less-hawkish Fed. August-dated gold added $24.60 or 1.3%, to close at $1,961.70 an ounce.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI