Wall Street Sentiment High Ahead of Inflation Data

Investors are circling back into tech stocks

Deputy Editor
Sep 11, 2023 at 4:25 PM
facebook X logo linkedin


A surge in Walt Disney (DIS) shares assisted the Dow in logging its third-straight win, kicking off a week jam packed with inflation data. The Nasdaq scored a triple-digit win as investors circled back to tech stocks amid the sector's weakness, while the S&P 500 snagged a more modest gain.

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

  • Retail stocks to target this month.
  • How call traders lucked out with this EV equity.
  • Plus, behind CRNX's surge; big M&A news; and a warning for options traders.

closing summary sep11

nyse nasdaq sep11

5 Things to Know Today

  1. Cryptocurrency is having a rough time, and Bitcoin (BTC) is suffering particularly badly, ahead of inflation data and the U.S. Securities and Exchange Commission's (SEC) legal battle with Ripple. (CNBC)
  2. As many as 2,000 people are feared to have died in Libya after Mediterranean storm Daniel ripped through the area. (MarketWatch)
  3. Pharma stock lands best day ever.
  4. J.M. Smucker agrees to buy Hostess Brands. 
  5. Post-options expiration swoon ahead?

There were no notable earnings reports today.

uvol sep11

Crude Prices Dip After Big Weekly Win

Oil prices pulled back following a more than 2% weekly gain. Crude for October delivery shed 22 cents, or 0.3%, to settle at $87.29 per barrel for the day.

Gold prices, meanwhile, logged their second consecutive win with support from the weakening greenback. December-dated gold added $4.50, or 0.2%, to settle at $1,947.20 an ounce for the day. 

 

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