Dow Logs Lowest Close in Four Months

An avoided government shutdown failed to boost investor sentiment

Deputy Editor
Oct 2, 2023 at 4:29 PM
facebook X logo linkedin

The first trading day of October saw the Dow shed 74 points for its eighth loss in 10 sessions and lowest close since June 2. The September scaries bled into a new month for at least one day, even after U.S. lawmakers agreed to a short-term deal that prevented a government shutdown. Technology and communications were the broader market's only positive sectors today, though the S&P 500 still finished in the red and the Nasdaq managed a fractional win. 

  • Solar stock boasts intriguing entry point.
  • Beyoncé could be the halo this meme stock needs.
  • Plus, hedge fund flow; more on solar stocks; and a healthcare stock to watch.



5 Things to Know Today

  1. Tesla's (TSLA) delivery numbers are in, and the EV giant said "downtimes" were to blame for a lackluster quarter.. (CNBC)
  2. The bond-market rout is still in full swing, and the iShares 20+ Bond ETF (TLT) moved close to level not seen since the 2007-009 financial crisis. (MarketWatch)
  3. The hedge fund world is at a multi-year extreme.
  4. Solar stocks made moves after analyst notes.
  5. Analyst calls healthcare equipment stock a "buy."

There were no earnings of note today.


Oil Futures Fall to 3-Week Low

Oil futures settled lower to start October, dragged down to a three-week low by a stronger U.S. dollar, profit taking, and forecast concerns about rising crude supplies and demand pressure. Crude for November delivery lost $1.97, or 2.2%, to settle at $88.82 per barrel.

Gold prices settled lower too, settling at its lowest level since March as they head for a "death-cross" -- a technical term that usually indicates bearishness. December-dated gold shed $18.90, or 1%, to close at $1,87.20 an ounce on 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI