Schaeffer's Top Stock Picks for '25

Wall Street Seals Best Week of the Year

The S&P 500 and Nasdaq nabbed their first weekly wins in five weeks

Deputy Editor
Aug 16, 2024 at 4:25 PM
facebook X logo linkedin


Wall Street bounced higher Friday, with U.S. markets closing out their best week of 2024 thanks to a slew of upbeat economic data. The Dow scored its fourth-straight daily win, locking in its best week since December. Snapping four-week losing streaks, the Nasdaq and S&P 500 both logged their seventh straight daily wins and best weeks since November. Elsewhere, the Cboe Volatility Index (VIX) marked four straight daily losses and suffered its worst weekly performance of 2024.

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

  • A look back at this week's market performance
  • Unpacking Estee Lauder's quarterly report.
  • Plus, 3 solar stocks to watch; chip stock upgraded; and H & R Block's many updates.

Summary 0816NYSE Nasdaq 0816

5 Things to Know Today 

  1. Everything that Vice President Kamala Harris has outlined for today's speech. (MarketWatch)
  2. Walt Disney's (DIS) "Deadpool & Wolverine" is the highest-grossing R-rated film ever. (CNBC)
  3. Keep an eye on these three solar stocks.
  4. A low-key chip stock to keep an eye on.
  5. H & R Block stock scored new record highs after earnings.

Earnings 0816

UVOL 0816

Oil Loses, Gold Wins the Week

Oil futures pulled back today, as investors worried over a potential strike by Iran on Israel. In response, September-dated West Texas Intermediate (WTI) crude lost $1.49, or 1.9%, to close at $76.67 a barrel for the session, dropping 0.2% for the week.

Gold prices scored fresh record highs, their 28th such settlement in 2024 thanks to investors seeking out the "safety" asset amid strong volatility. For the session, gold for December delivery added $40, or 1.6%, to settle at $2,532.40. The precious metal gained 2.4% for the week.

 
 

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'));