Triple-Digit Drop Denies Dow History

The Dow snapped its longest win streak since 1987

Managing Editor
Jul 27, 2023 at 4:24 PM
facebook X logo linkedin


The Dow dodged the history books today, falling short of a 14th win after turning in a triple-digit loss. The blue-chip index was up midday, but gave back its gains in the afternoon. The S&P 500 and Nasdaq also finished lower, the latter unable to gain ground even with a post-earnings pop from Meta Platforms (META). In what was probably a session of profit-taking, the Cboe Volatility Index (VIX) closed at its highest level since July 11.

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

  • These 3 stocks scored new highs today.
  • McDonald's stock near a key level once more.
  • Plus, META earnings; inside a traders' selection process; and put debit spreads.

Summary 0727

NYSE Nasdaq 0727

5 Things to Know Today

  1. Former Fed President sees another interest rate hike for 2023. (MarketWatch)
  2. China is trying to prop up its property market. (Bloomberg)
  3. More on the high-profile Meta earnings.
  4. Podcast: how do traders monitor stocks of interest?
  5. Entering put debit spreads is easier than you think.

Earnings 0727UVOL 0727Oil Moves Higher on Tightening Supply

Oil crossed the $80 threshold today, as global supplies continued to tighten. September-dated oil added $1.31, or 1.7%, to settle at $80.09 per barrel.

Gold took a breather today as upbeat economic data points to the U.S avoiding a recession. August-dated gold shed $24.40, or 1.2%, to settle at $1,945.70 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI