Dow Starts Off Week With Modest Win
U.S. manufacturing data helped push the Dow into the black
The Dow finished on a modestly high note today, closingin the black after trading on both sides of the aisle earlier in the day. The blue-chip index spent the morningin the red, down triple digits at its session lows amid global growth concerns stemming from weak data out of Europe. But the Dow ultimately drifted higher, propped up by upbeat U.S. manufacturing data. The S&P 500 and Nasdaq also made valiant efforts to reverse early losses, but neither index was successful by the close.
Continue reading for more on today's market, including:
This FAANG stock signal has never been wrong. Blackberry options traders are targeting an earnings beat.Analyst: Boston Beer Company riding hard seltzer tailwinds.Plus, a Nike earnings preview; Facebook calls popular; and 3 biotech stocks making outsized moves.The Dow Jones Industrial Average (DJI - 26,949.99) recorded a 14.9-point, or 0.1%, gain. American Express (AXP) had the best day of the 18 blue-chip gainers, finishing up 1.2%, while UnitedHealth Group (UNH) led the 11 laggards with its 1.8% drop. 3M company (MMM) broke even.
The S&P 500 Index (SPX - 2,991.78) logged a 0.3-point loss, while the Nasdaq Composite (IXIC - 8,112.46) closed down 5.2 points, or 0.1%.
The Cboe Volatility Index (VIX - 14.91) shed 0.4 point, or 2.7%.
5 Items on our Radar Today
Israeli Prime Minister Benjamin Netanyahu appears ready to concede that his power is in jeopardy. Following deadlocked parliamentary elections last week, Netanyahu approached centrist rival Benny Gantz about forming a unity government. There's been no indication Gantz is considering the proposal. (Reuters)Apple (AAPL) announced today that it will make its new Mac Pro desktop in the U.S., as opposed to China. This comes after the tech giant received federal product exclusionsto avoid import tariffs on parts it needs for the computer. The new desktop will be assembled in Austin, Texas. (CNBC)Nike (NKE) options volume ran hotahead of earnings tomorrow.Options bulls are targeting more Facebook (FB) upside next month.Behind big moves from these 3 healthcare stocks.There are no earnings to report today.
Data courtesy of Trade-Alert
Gold Logs Highest Close In Nearly Two Weeks
Oil prices rose today, as concerns about Saudi supply still linger following last week's attack on crude facilities. November-dated crude futures gained 55 cents, or 1%, to settle at $58.64 per barrel.
Gold rose today as lackluster eurozone data increased demand for the safe-haven asset. Gold for December delivery added $16.40, or 1.1%, to settle at $1,531.50 an ounce, its highest close in nearly two weeks.