12 in the Bag for the Dow; All Eyes on Fed

Gold and oil are eyeing tomorrow's Fed news as well

Managing Editor
Jul 25, 2023 at 4:27 PM
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The Dow clocked in a 12th-straight gain this afternoon, and earlier touched its highest level since February 2022, as it held tight to its longest win streak since February 2017. The tech-heavy Nasdaq and S&P 500 managed solid wins as well. All eyes are now on post-close earnings reports from Microsoft (MSFT) and Alphabet (GOOGL), as well as tomorrow's interest rate decision from the Federal Reserve.

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

  • Top 10 FAQs answered for 0DTE traders.
  • Dell stock's drop provides attractive bull entry.
  • Plus, 2 stocks barreling up the charts; and the casino name ready to climb higher.

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5 Things to Know Today

  1. The the S&P Core Logic Case-Shiller home price index showed a rise for a fourth consecutive month in May, though prices are still down 0.5% compared to 2022.(CNBC)
  2. Formerly named Raytheon Technologies, RTX (RTX) is getting blasted today, after the company recalled hundreds of jet engines. (MarketWatch)
  3. Blue-chip giant enjoying a post-earnings pop.
  4. Behind today's General Electric stock surge.
  5. History says casino stock could keep climbing.

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Gold, Oil Enjoy Wins

Oil settled at its highest mark since April as investors look to tomorrow's Fed meeting and weekly Energy Information Administration (EIA) domestic petroleum supply data. September-dated oil rose 89 cents, or 1.1%, to settle at $79.63 per barrel.

Gold commodity traders are also eyeing tomorrow's interest rate news. August-dated gold added $1.50, or 0.1%, to settle at $1,963.70 an ounce.

 

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