Dow Nabs Fourth Weekly Win in Five Weeks

The S&P 500 and Nasdaq were choppy all day

Managing Editor
Aug 11, 2023 at 4:26 PM
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The Dow started, and now ended the week with triple digit pops, securing its fourth weekly win in the last five. The S&P 500 and Nasdaq spent time on both sides of the aisle today, but ultimately finished lower for the session and logged back-to-back weekly losses. Elsewhere, the Cboe Volatility Index (VIX) secured its lowest close since Aug. 1, as inflation data continues to pile up. 

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

  • 2 healthcare stocks sank even further today.
  • How has Big Tech fared this earnings season?
  • Plus, Walmart hot before earnings; IONQ breaks out; and how to find a brokerage.

Closing Indexes Summary Aug 11

NYSE and Nasdaq Stats Aug 11

5 Things to Know Today

  1. Generation Z is racking up credit card debit. (MarketWatch)
  2. The lesser-known 30-year Treasury yield keeps climbing. (Bloomberg)
  3. Walmart stock near record highs before earnings.
  4. Red-hot growth stock ripe for a short squeeze
  5. We help you cut through the options brokerage noise.

There are no corporate earnings of note today

Unusual Options Activity Aug 11

Oil Clocks Seventh Straight Weekly Win

Crude prices scored a seventh-straight weekly win, adding 0.5%, as global supplies continue to tighten. For the day, September-dated oil shed 37 cents, or 0.5%, to settle at $83.19 per barrel.

Gold prices fell, dragged down by the rising dollar and bond yields. December-dated gold lost $2.30, or 0.1%, to settle at $1,946.60 an ounce. The safe-haven asset lost 1.5% for the week, its worst since June.

 

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