S&P Suffers Longest Losing Streak of 2018 on Mueller Subpoena
UnitedHealth stock helped the Dow higher, however
The Dow finished over 100 points higher today, snapping a three-day losing streak thanks to a strong session from UnitedHealth (UNH) and upbeat economic data. However, the S&P and Nasdaq ended the day in the red, amid lingering concerns of a global trade war and reports that special counsel Robert Mueller recentlysubpoenaed the Trump Organization for documents related to Russia. It was the S&P's fourth straight down day, marking its longest losing streak of 2018.
Continue reading for more on today's market, including:
Stocks rally when this team wins the NCAA tourney.The buzz that sent Alibaba stock back above $200.Buy the dip on this auto stock.Plus, 3 industrial stocks on sale; 4 global ETFs targeted by options traders; and a winning tech stock trade.TheDow Jones Industrial Average (DJI - 24,873.66) finished up 115.5 points, or 0.5%.Today saw 20 Dow components close in positive territory, led by McDonald's (MCD) with a 2.1% gain. Intel (INTC) was the worst performer, shedding 1.9%.
The S&P 500 Index (SPX - 2,747,33) gave back 2.2 points, or 0.1%. The Nasdaq Composite (IXIC - 7,481.74) lost 15.1 points, or 0.2%.
The Cboe Volatility Index (VIX - 16.59) finished 0.6 point, or 3.7%, lower.
5 Items on Our Radar Today
Toys 'R' Us officially filed for bankruptcy today. The fabled toy company will liquidate all 735 of its American stores, and anticipates running out of cash by May 2018. Poor holiday sales in 2017 were the nail in the coffin for the struggling stock, where it reported earnings roughly a half of what were expected. (USA Today) According to a Bloomberg report, Walmart (WMT) is being sued by a former executive, claiming he was fired for raising concerns about unlawful conduct. The whistle-blower alleges Walmart pushedits "core values aside in its rush to win the e-commerce war" and demonstrate growth "by any means possible -- even, illegitimate ones." (Bloomberg)Buy these 3 industrial stocks, if past is prologue.Options traders are blasting these global ETFs. Breaking down a winning Seagate Technology (STX) trade. 
Data courtesy of Trade-Alert
Oil Cautiously Higher, Gold Dips On Surging Dollar
April-dated crude futures rose 23 cents, or 0.4%, to end at $61.19 per barrel.The International Energy Agency (IEA) today predicted increasing global oil demand this year, but said supplies are growing at an even faster pace.
Gold futures for April delivery gave back $7.80, or 0.6%, to close at $1,317.80 an ounce, a two-week low. A stronger dollar weighed on the commodity, but geopolitical tensions between Russia and the West kept the safe haven's losses in check.