The Dow enjoyed a triple-digit pop
Stocks were all over the place to start September, putting a modest bow on a surprisingly upbeat week on Wall Street. August left markets battered, but this week's gain in tech and the latest batch of jobs data sent the Dow, Nasdaq, and S&P 500 to their best weekly performance since July. For the day, the blue-chip index and SPX were the only winners, with the former managing a triple-digit pop.
Continue reading for more on today's market, including:
- How tech and AI buzz sent stocks surging this week.
- 3 examples of moneyness impacting options trading.
- Plus, DELL's record peak; top pick's post-earnings pop; and buy signal for DKNG.
5 Things to Know Today
- A spot version of Bitcoin (BTC) in the form of an exchange traded fund (ETF) may be headed toward Wall Street. (MarketWatch)
- China readies to enact several plans to rescue its economy from the global slowdown. (Reuters)
- How Dell stock just enjoyed its best performance to date.
- Post-earnings pop triggers bull pick surge.
- Historic signal says buy this gambling stock now.
Oil Closes as Highest Level of 2023
Oil roared to its highest close of 2023, while also boasting an impressive 7% weekly gain. October delivery added $1.92, or 2.3%, to settle at $85.55 per barrel for the day.
Following the latest U.S. jobs report, gold retreated from session highs but still eked out a modest win. December-dated gold added $1.20, or 0.1%, to settle at $1,967.10 an ounce for the day and up 1.4% for the week.