8 Straight for Dow, Longest Streak in Nearly 4 Years

Gold stayed near six-week highs

Managing Editor
Jul 19, 2023 at 4:24 PM
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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.

Summary 0719

NYSE Nasdaq 0719

5 Things to Know Today

  1. Industrial production continues to lag, on all fronts. (MarketWatch)
  2. Commercial property investors have egg on their face. (Bloomberg)
  3. Carvana stock extends its renaissance. 
  4. What has this analyst wary of Cinemark stock?
  5. Common threads to our best trade returns lately.

Earnings 0719

UVOL 0719

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.


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