Dow Snaps Losing Streak Despite Hawkish Fed Comments

Treasury yields rose after Powell's remarks

Deputy Editor
Apr 16, 2024 at 4:25 PM
facebook X logo linkedin

The Dow managed to snap its six-day losing streak today, with help from UnitedHealth (UNH) stock's post-earnings rally, while the S&P 500 and Nasdaq finished modestly in the red after a choppy afternoon. Investors focused in on Fed Chair Jerome Powell's comments highlighting elevated inflation and the unlikelihood of there being interest rate cuts any time soon. Subsequently, bond yields continued to climb, with the 10-year Treasury yield rising above 4.7%. 

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

  • Oil stock Chevron could stage a bounce after recent dip. 
  • More on UnitedHealth stock's first-quarter results. 
  • Plus, behind LYV's slide; KR upgraded; and S&P 500 levels to watch this week. 



5 Things to Know Today

  1. The House of Representatives has struggled to come to a decision regarding aid to Israel, Ukraine, and Taiwan. This week, House Speaker Mike Johnson is pushing for separate votes. (MarketWatch)
  2. Former OpenAI board member Helen Toner is calling for an audit of the biggest artificial intelligence (AI) companies. (Bloomberg) 
  3. Lawsuit rumors send Ticketmaster parent reeling. 
  4. Analyst upgrades Kroger stock on improving fundamentals. 
  5. Two potential S&P 500 resistance levels



Oil Posts Back-to-Back Losses

Oil prices inched lower for the second day, as concerns regarding conflict in the Middle East tentatively ease. May-dated West Texas Intermediate (WTI) fell 5 cents, or nearly 0.1%, to $85.36 a barrel. 

Gold prices rose once again, though still not touching Friday's record highs. June-dated gold futures settled 1% higher at $2,407.80. 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI