EARN25

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
facebook X logo linkedin


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.

Summary 0725

NYSE Nasdaq 0725

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.

Earnings 0725

UVOL 0725

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.

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!