Nasdaq Gains 271 Points Amid Tech Rally

The Nasdaq notched its best day since February, while the Dow marked its fourth-straight daily loss

Deputy Editor
Apr 11, 2024 at 4:35 PM
facebook X logo linkedin


Stocks finished the day mixed, after a cooler-than-expected PPI reading provided some relief from yesterday's inflation fears. Investors flocked to tech, pushing the Nasdaq to a 271-point win, its largest daily gain since February. Amazon.com (AMZN) hit a record high, while the Dow, on the other hand, inched below fair value just before the close, notching a fourth-consecutive daily loss. The S&P 500 finished with a modest gain. 

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

  • 2 biotech stocks driving the Nasdaq after merger news. 
  • Analyst downgrades Robinhood stock on fundamentals. 
  • Plus, what's on deck next week; why KMX is down; and what Dow member received an upgrade. 

indexesapr11

nyseapr11

5 Things to Know Today

  1. Japanese Prime Minister Fumio Kishida warned U.S. Congress of tensions in the Asia-Pacific, highlighting China's military strength. (Marketwatch)
  2. O.J. Simpson, former football star and murder suspect, died at age 76 from cancer. (Reuters) 
  3. There's a flood of economic data due out next week, as well as the Fed's beige book report.
  4. CarMax stock plummets after disappointing earnings. 
  5. Underperforming retailer receives an upgrade

earningsap11

uvolapr11

Gold Resumes Rise

Oil prices fell today, as investors continue to monitor Iran and Israel. May-dated West Texas Intermediate (WTI) fell $1.19, or 1.4%, to settle at $85.02 a barrel 

Gold prices rose, as hopes of interest rate cuts regained footing following today's PPI data. At last check, June-dated gold futures were up $32.40, or 1.4%, at $2,381.10 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