Dow Enjoys Long Overdue, Triple-Digit Pop

Gold enjoyed its best day since July

Managing Editor
Aug 23, 2023 at 4:26 PM
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All three indexes enjoyed a close in the black following higher-than-expected home sales data, an outstanding tech sector, and Foot Locker's (FL) lackluster outlook. The blue-chip index scored its first triple-digit pop in weeks, the Nasdaq extended its win streak to three, and the S&P 500 logged its best daily percentage pop since June. Tomorrow, all eyes will be on Nvidia's (NVDA) post-earnings performance.

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

  • Signal says airline stock is a safe bet for bulls.
  • Resistance levels circle insurance giant.
  • Plus, athletic-wear company's buzz; 9 stocks set to surge; and recall pushes Peloton stock lower.

Closing Indexes Summary Aug 23

NYSE and Nasdaq Stats Aug 23

5 Things to Know Today

  1. Criminal charges have been filed in a fraud case in which $836 million of Covid relief funds had been stolen. The charges hit 371 people and was filed by the Department of Justice (DoJ). (CNBC)
  2. Sanctions may be lifted for Venezuela in 2024, as the country's leadership works with the Biden administration to reach a fair-election agreement. (Bloomberg)
  3. This clothing stock became a bull favorite.
  4. Schaeffer's Senior Quantitative Analyst Rocky White delves into 9 stocks set to soar.
  5. Recall sends electric bike maker to record lows.

Corporate Earnings Aug 23

Unusual Options Activity Aug 23

Gold Enjoys Best Day Since July

Crude prices fell to a one-month bottom, as demand outlook continued to weigh heavy on commodity investors. September-dated oil fell 73 cents, or 0.9%, to settle at $78.91 per barrel.

Gold put on its best daily performance since late-July, as its majority long-term outlook is seen as a good investment. December-dated gold added $22.10, or roughly 1.2%, to settle at $1,948.10 an ounce.


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