Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Freezes as Juno Looms

Greek elections translated into losses for crude oil and gold

Jan 26, 2015 at 4:19 PM
facebook X logo linkedin


Figuratively speaking, it was a hot-and-cold session on Wall Street today. In the literal sense, Wall Street -- and all of New York City -- was asked to "prepare for something worse than we have seen before" by Mayor Bill de Blasio, as Winter Storm Juno approached the Northeast. As traders hunkered down -- and digested results of the weekend snap election in Greece -- the Dow Jones Industrial Average (INDEXDJX:DJI) and its sector peers fluctuated between gains and losses, but the blue-chip barometer ultimately resolved to the upside (albeit barely).

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

The Dow Jones Industrial Average (DJI - 17,678.70) explored a range of nearly 129 points, but essentially called it a draw by the close, adding 6.1 points, or 0.03%. Chevron Corporation (NYSE:CVX) paced the 17 gainers, tacking on 1.9%, while Intel Corporation (NASDAQ:INTC) led the 13 decliners with a 1.8% drop.

The S&P 500 Index (SPX - 2,057.09) also traded on both sides of breakeven, but finished with a gain of 5.3 points, or 0.3%. The Nasdaq Composite (COMP - 4,771.76) dropped out of the gate, but clawed its way higher by midday, adding 13.9 points, or 0.3%.

The CBOE Volatility Index (VIX - 15.52) gave up 1.1 points, or 6.8%, to settle at a session low, marking the "fear barometer's" first finish south of 16 in 2015.

CLOSING SUMMARY – INDICES

CLOSING SUMMARY – NYSE AND NASDAQ

5 Items on Our Radar Today:

  1. Ahead of Winter Storm Juno, airlines canceled more than 3,500 flights, and Amtrak even warned that it "may re-evaluate" its rail schedule "as conditions warrant." However, the NYSE and Nasdaq plan to maintain the status quo tomorrow. (CNBC; MarketWatch)
  2. Uber, meanwhile, said it will cap its surge pricing in New York at "2.8x the normal fare," and according to the company's policy, proceeds during a "disaster or state of emergency" will be donated to the American Red Cross. (TechCrunch)
  3. Did a new licensing agreement spark a shift in sentiment for Universal Display Corporation (NASDAQ:OLED)?
  4. Why option traders are gambling on all-time highs for MYL.
  5. Analysts at BMO weighed in on PFE ahead of earnings tomorrow.
EARNINGS

For a look at today's options movers and commodities activity, head to page 2.

STOCKS – NOTABLE CALL ACTIVITY

STOCKS – NOTABLE PUT ACTIVITY

Commodities:

Crude futures finished a wishy-washy session in the red, even after Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Abdalla el-Badri opined that oil prices could rebound "very soon" -- and climb as high as $200 per barrel, "if [producers] don't invest in oil and gas." By the close, March-dated crude fell 44 cents, or 1%, to $45.15 per barrel.

Gold extended its retreat, with traders taking profits after the radical Syriza party won a snap election in Greece. February-dated gold gave up $13.20, or 0.1%, to finish at $1,279.40 an ounce.

 
 

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?