Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Cruises to Mega-Win

Dow Snaps Losing Streak on Greece Buzz; Oil Hits 2015 High

Jun 10, 2015 at 4:26 PM
facebook X logo linkedin


Wall Street got a breath of fresh air today, as the Dow Jones Industrial Average (DJIA) ended its losing streak in dramatic fashion. The blue-chip index exploded for a triple-digit win -- and took back 18,000, albeit barely -- mainly thanks to promising developments from overseas and a rally in tech, financial, and energy stocks. In fact, all 30 Dow components finished with gains. Looking ahead, tomorrow is a big day, with several economic reports on tap

 

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

 

 

The Dow Jones Industrial Average (DJIA - 18,000.40) surged higher, retaking 18,000 with a huge 236.4-point, or 1.3%, win. In fact, it was the best day for the Dow in a month, as all 30 of the index's components ended in the black. Visa Inc (NYSE:V) added the most, with a 2.5% lead, while Microsoft Corporation (NASDAQ:MSFT) and 
Caterpillar Inc. (NYSE:CAT) weren't far behind, adding 2.1% and 2%, respectively. 

 

The S&P 500 Index (SPX - 2,105.20) also enjoyed its best session since early May, picking up 25.1 points, or 1.2%. The Nasdaq Composite (COMP - 5,076.69) followed suit, adding 62.8 points, or 1.3%. 

 

The CBOE Volatility Index (VIX - 13.22) took a dive, losing 1 point, or 6.9%, to fall below 14, and settled south of its 10-day moving average for the first time since May 22. 

 

150610recap1

 

150610recap2

 

5 Items on Our Radar Today:

 

  1. Los Angeles is the latest major U.S. city to increase its minimum wage, setting the mark at $15 an hour. The change will be gradual, though, with the $15 level not being hit until 2020. (CNBC
  2. The Treasury Department announced an $82.4 billion deficit for the U.S. budget in May. The figure marks a 37% decrease from the same time a year ago. (Reuters)
  3. It was a volatile day for this stock that has more than doubled in 2015. 
  4. All of a sudden, GoPro Inc (NASDAQ:GPRO) bears want to play.
  5. In case you missed it, our Indicator of the Week examined the Dow Theory.

 

150610recap5

 

150610recap6

 

150610recap7

 

Commodities:

 

Crude oil extended yesterday's gains, finishing at a 2015 high, thanks to a sixth straight weekly drop in domestic supplies. For July, crude added $1.29, or 2.1%, to close at $61.43 per barrel. 

 

Gold edged higher on the back of a cooling dollar, closing at its highest point in over a week. Gold dated for August settled $9, or 0.8%, higher at $1,186.60 per ounce. 

 

 

Sign up now to get Schaeffer's Market Recap delivered straight to your inbox!

 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));