Rallying Tech Sector Boosts Nasdaq, S&P 500

The 10-year Treasury yield took a step back

Deputy Editor
Jan 8, 2024 at 4:28 PM
facebook X logo linkedin


Wall Street rose Monday as the broader market looked to rebound from last week's tumble. The Nasdaq gained more than 300 points and the S&P 500 logged a respectable win, as investors bought the dip on tech amid a retreating 10-year Treasury note. The Dow, meanwhile, overcame a midday slump, adding triple digits despite Boeing's (BA) tumble. 

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

  • How options traders responded to another Boeing blunder.
  • Why options traders prefer this beverage stock.
  • Plus, now's the time to hedge; AAL's bull note; and Axonix's M&A news.

closing summary jan8

nyse nasdaq Jan8

5 Things to Know Today

    1. Nvidia (NVDA) unveiled a new "local" artificial intelligence (AI) chips that can run on a PC or laptop from home or an office. (CNBC)
    2. According to Redfin (RDFN), the median asking rent in the U.S. fell 0.8% last month -- the third-straight month rent has dipped. (MarketWatch)
    3. Are you prepared for a short-term pullback?
    4. The airline stock that brushed off sector headwinds.
    5. Breaking down Axonix's billion-dollar buyout.

    There were no earnings of note today.

    UVOL Jan8

    Oil, Gold Futures Fall to Start Week

    Oil futures fell Monday, after Saudi Arabia cut prices to all regions. Further, an OPEC+ survey flashed higher production from its members. For the session, West Texas Intermediate (WTI) crude for February delivery shed $3.04, or 4.1%, to finish at $70.77 a barrel.

    Meanwhile, gold futures fell to a three-week low as investors looked ahead towards this week's inflation data. For the session, February-dated gold futures erased $16.30, or 0.8%, to settle at $2,033.50 per ounce.

     

    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