Stocks Retreat Despite S&P 500, Nasdaq Records

The Cboe Volatility Index (VIX) logged its best week since

Managing Editor
Mar 8, 2024 at 4:26 PM
facebook X logo linkedin


It was a roller-coaster end to the trading week, fitting given the wobbly jobs report this morning. The Dow, S&P 500, and Nasdaq all spent time on both sides of the coin, but all ultimately finished in the red for the day, even if the latter two did score intraday record highs. The pullback today sent the major indexes into the red for the weekend as well, with the Dow logging its worst week since October. Elsewhere, the Cboe Volatility Index (VIX) logged its best week since Sept. 22. 

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

  • General Electric stock gets overdue upgrade.
  • Airbnb stock has contrarian potential. 
  • Plus, Gap's post-earnings pop; a rough week for Eli Lilly; and an earnings report to watch next week. 

Closing Indexes Summary March 8

NYSE and Nasdaq Stats March 8

5 Things to Know Today

    1. After his State of the Union, tales of U.S. President Joe Biden's demise have been greatly exaggerated. (Bloomberg)
    2. Women's sports could finally become the cash cow it should be. (CNBC
    3. A lot to like about Gap stock right now.
    4. Eli Lilly stock suffers another setback.
    5. Dollar Tree earnings should be on your radar. 

     

    Coroprate Earnings March 8

    Unusual Options Activity March 8

    Oil, Gold Go in Opposite Directions

    Oil prices fell with the broader market today, as the jobs data weighed on the commodities market. April-dated West Texas Intermediate (WTI) crude shed 92 cents, or 1.2%, to finish at $78.01 per barrel. For the week, black gold fell 2.5%. 

    Gold prices finished the week in record territory, as the safe-haven asset swelled thanks to the unexpectantly-rising unemployment rate. April-dated gold added 0.9%, to settle at $2,185.50 per ounce. It was also gold's best week since October.

     

    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