AAL

Dow Drops Triple Digits as Stocks Extend Second-Quarter Slump

Both oil and gold saw large intraday outperformance

Managing Editor
Apr 2, 2024 at 4:31 PM
facebook X logo linkedin


The second quarter isn't off to the best start, with the Dow logging a second consecutive, triple-digit drop this afternoon - its worst daily performance in weeks. Treasury yields are increasing as investor outlook dims over the possibility of interest rate cuts in June, especially as last week's inflation data continues to weigh. The profit taking continued for the tech-heavy Nasdaq, while the S&P 500 trailed closely behind.

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

  • Chinese e-tail stock hovering near a bearish trendline.
  • Airline stock might not be "Masters of the Air" for long.
  • Plus, retailer to "buy" now; Trump stock gets slammed; and outperforming FAANG stock gets swarmed.

indexesapr2new

nyseapr2

5 Things to Know Today

  1. Preceding U.S. Treasury Secretary Janet Yellen's visit to China, President Joe Biden held a phone call with Chinese President Xi Jinping. (CNBC)
  2. The bird flu was detected in Texas at a Cal-Maine Foods (CALM) plant, which impacted upwards of 1.6 million laying hens. (MarketWatch
  3. Brokerage firm says this retailer is a must buy.
  4. Trump stock slammed by lackluster revenue.
  5. Options traders swarm outperforming Amazon stock.

earningsapr2

uvolapr2

Oil, Gold Surge Alongside Middle East Tensions

As tensions in the Middle Easter continue to heighten, crude prices follow suit. For the first time since October, May-dated West Texas Intermediate (WTI) rose $1.44 or 1.7%, to finish at $85.15 per barrel.

Also riding on the heels of international tension is gold, with the precious commodity pushing to record highs and brushing off a strong U.S. dollar. June-dated gold finished up $24.70 or 1%, at $2,281.80 per ounce.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.