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Wednesday, August 08, 2018 8:14:06 AM
Nasdaq Nabs Longest Win Streak Since March
By: Schaeffer's Investment Research | August 7, 2018
U.S. stocks finished the day with healthy gains, with the Dow up triple digits to log its highest close since February, and the S&P 500 landing its highest close since the Jan. 26 record high. The Nasdaq, meanwhile, scored a sixth straight gain, marking its longest winning streak since March. Also noteworthy, the VIX, or the stock market's "fear gauge," fell to its lowest close since January. Another day of impressive corporate earnings helped push markets higher in today's session, though focus shifted to Tesla (TSLA), which was temporarily halted after CEO Elon Musk said he might take the company private.
Continue reading for more on today's market, including:
• 2 pharma stocks expected to soar.
• CVS call options were hot before earnings.
• 3 healthcare names that got destroyed today.
• Plus, the blue chip with room to run; Array Biopharma's FDA nod; and the cybersecurity concern scoring analyst love.
The Dow Jones Industrial Average (DJI - 25,628.91) gained 126.7 points, or 0.5%. Twenty-two blue chips closed the day higher, led by Caterpillar (CAT), which picked up 2.1%. Meanwhile, Apple (AAPL) paced the eight decliners with a 0.9% drop.
The S&P 500 Index (SPX - 2,858.45) rose 8 points, or 0.3%, while the Nasdaq Composite (IXIC - 7,883.66) picked up 24 points, or 0.3%.
The Cboe Volatility Index (VIX - 10.93) shed 0.3 point, or 3%, for the day.
>>> Read More…
• DiscoverGold
By: Schaeffer's Investment Research | August 7, 2018
U.S. stocks finished the day with healthy gains, with the Dow up triple digits to log its highest close since February, and the S&P 500 landing its highest close since the Jan. 26 record high. The Nasdaq, meanwhile, scored a sixth straight gain, marking its longest winning streak since March. Also noteworthy, the VIX, or the stock market's "fear gauge," fell to its lowest close since January. Another day of impressive corporate earnings helped push markets higher in today's session, though focus shifted to Tesla (TSLA), which was temporarily halted after CEO Elon Musk said he might take the company private.
Continue reading for more on today's market, including:
• 2 pharma stocks expected to soar.
• CVS call options were hot before earnings.
• 3 healthcare names that got destroyed today.
• Plus, the blue chip with room to run; Array Biopharma's FDA nod; and the cybersecurity concern scoring analyst love.
The Dow Jones Industrial Average (DJI - 25,628.91) gained 126.7 points, or 0.5%. Twenty-two blue chips closed the day higher, led by Caterpillar (CAT), which picked up 2.1%. Meanwhile, Apple (AAPL) paced the eight decliners with a 0.9% drop.
The S&P 500 Index (SPX - 2,858.45) rose 8 points, or 0.3%, while the Nasdaq Composite (IXIC - 7,883.66) picked up 24 points, or 0.3%.
The Cboe Volatility Index (VIX - 10.93) shed 0.3 point, or 3%, for the day.
>>> Read More…
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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