Major Indexes Suffer Daily, Weekly Losses

Oil grabbed its 6th consecutive weekly gain

Managing Editor
Aug 4, 2023 at 4:25 PM
facebook X logo linkedin


After a long week of economic data and market volatility, all three major indexes settled lower for the day and week. Wall Street eyed the last of the "Big Five" earnings reports from Apple (AAPL) and Amazon.com (AMZN), and lower-than-expected payroll numbers were released for July. Meanwhile, the market's "fear gauge," or the Cboe Volatility Index (VIX), logged its highest close since May 31.

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

  • Stocks stumbled into August after a stellar July.
  • iPhone sales dinged Apple stock's performance.
  • Plus, a red-hot gambling stock; AMZN dominates earnings; and YELP's latest surge.

Closing Indexes Summary Aug 4

NYSE and Nasdaq Stats Aug 4

5 Things to Know Today

  1. Florida State University is utilizing support from J.P. Morgan Chase (JPM) as it looks for equity investors. (CNBC)
  2. Why Carl Icahn’s billion-dollar net worth has dropped significantly in 2023. (Bloomberg)
  3. Which gambling stock ran red-hot in the options pits.
  4. Behind the Amazon.com stock earnings blowout.
  5. Yelp stock surges on bull note.

Corporate Earnings Aug 4

Unusual Options Activity Aug 4

Oil Snags 6th Straight Weekly Gain

Today marked an impressive sixth consecutive weekly win for crude, as Russia and Saudi Arabia continue eyeing supply cuts. September-dated crude added $1.27, or 1.6%, to settle at $82.82 per barrel on the day, and 2.8% higher for the week.

Gold halted its slew of losses with a fresh daily win following today's release of July jobs data. December-dated gold tacked on $7.30, or 0.4%, to settle at $1,976.10 an ounce for the session, but fell 1.2% for the week.

 

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