Boeing Stock Helps Dow Snap Losing Streak
The Dow erased earlier losses, while the S&P and Nasdaq finished mixed
The Dow muscled its way to a daily win thanks to Boeing's (BA) dramatic post-earnings lift, with the blue-chip index snapping its five-day losing streak. The S&P also closed higher, while the Nasdaq ended in the red -- though moves were modest, as the 10-year U.S. Treasury yield continued to push above the psychologically significant 3% mark.
Continue reading for more on today's market, including:
The Dow's losing streak could be a buy signal.3 airline stocks that may swing on tomorrow's earnings.Analyst: "Buy" this FAANG stock after earnings. Plus, Twitter stock's volatile day; an important oil options signal; and Intel option bears have gone missing.TheDow Jones Industrial Average (DJI - 24,083.83) traded in a 323-point range on both sides of breakeven, and eventually picked up 59.7 points, or 0.3%, for the day. BA was the biggest winner of the 13 gainers, surging 4.2% after earnings, while General Electric (GE) was the biggest loser, falling 4.3%.
The S&P 500 Index (SPX - 2,639.40) gained 4.8 points, or 0.2%, while the tech-heavy Nasdaq Composite (IXIC - 7,003.74) shed 3.6 points, or 0.05%.
The Cboe Volatility Index (VIX - 17.84) lost 0.2 point, or 1%, on the day.
5 Items on Our Radar Today
Apple CEO Tim Cook arrived at the White House today to meet with President Donald Trump. The discussions were largely considered to revolve around trade, given Apple's exposure to China. (Reuters)The New York Stock Exchange (NYSE) temporarily suspended trading activity on five Nasdaq components -- namely FAANG stocks Alphabet (GOOGL) and Amazon (AMZN). The trading exchange cited an issue related to "price scale code," but didn't provide any further details. (MarketWatch)Volatile earnings reaction resolves to the downside for Twitter stock.This important oil options signal just flashed.Why Intel option bears have gone missing.
Data courtesy of Trade-Alert
Oil Finishes Higher as Gold Falls on Rising Bond Yields
Oil rebounded from yesterday's losses amid a volatile session, as growing geopolitical concerns out of Iran overshadowed an unexpected rise in domestic inventories. June-dated crude finished the session up 35 cents, or 0.5%, at $68.05 per barrel.
Gold dropped today, as the U.S. dollar gained ground alongside the 10-year Treasury yield.June-dated futures finished down $10.20, or 0.8%, to settle at $1,322.80 per ounce.