The Dow closed above 35,000 today
The Dow continues to climb, nabbing its eighth-straight win today, the longest winning streak for the blue-chip index since September 2019. The S&P 500 and Nasdaq nabbed their seventh win in the last eight trading days, the latter shrugging off a brief dip into the red. As investors weigh the latest earnings reports, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) logged its best single-session gain in nearly two weeks.
Continue reading for more on today's market, including:
- Tech stock doubles subscribers' money
- How options traders can play a short-term top.
- Plus, Carvana's big day; Cinemark stock downgraded; and our best trades recently.
5 Things to Know Today
- Industrial production continues to lag, on all fronts. (MarketWatch)
- Commercial property investors have egg on their face. (Bloomberg)
- Carvana stock extends its renaissance.
- What has this analyst wary of Cinemark stock?
- Common threads to our best trade returns lately.
Gold Static at 6-Week Highs
Oil prices fell today after domestic crude supplies were trimmed by a lower-than-expected margin last week. August-dated oil shed 40 cents, or 0.5%, to settle at $75.35 per barrel.
Gold was static today, remaining near six-week highs. August-dated gold remained at $1,980.80 an ounce on the day.