The Dow marked its 14th gain in 15 sessions
The Dow bounced back from snapping its win streak on Friday, adding 176 points as it registered its 14th gain in 15 sessions. The blue-chip benchmark also marked its third-straight weekly win alongside the S&P 500, which settled higher as well. The Nasdaq notched a triple-digit gain and weekly win of its own, thanks to earnings and a softer-than-expected personal consumption expenditures price (PCE) index for June.
Continue reading for more on today's market, including:
- 25 stocks that historically outperform in August.
- Looking back on this week's top earnings reports.
- Plus, bull notes galore for chipmaker; put debit spreads how-to; and unpacking Enphase Energy stock's slide.
5 Things to Know Today
- The Food and Drug Administration (FDA) approved the sale of a second opioid overdose reversal drug that does not require a prescription. (CNBC)
- Higher prices helped Procter & Gamble (PG) report a fiscal fourth-quarter profit win. (MarketWatch)
- Blue-chip stock draws bull notes on surprise profit.
- How to buy put debit spreads on Charles Schwab.
- Enphase Energy stock sank on mixed Q2 results.
Oil Scores 5th-Straight Weekly Win
Oil prices settled higher on Friday as fears of the global economy slowing down eased, which helped the commodity score a fifth-straight weekly gain. September-dated gold rose 49 cents to settle at $80.58 per barrel. For the week, oil prices added 4.6%.
Gold moved higher as the U.S. dollar took a breather on cooler-than-expected inflation data. August-dated gold rose $14.70, or 0.7%, to settle at $1,999.90 an ounce, but lost 0.3% this week.