Stocks Rally To 3-Month Highs
Markets lifted by higher than expected jobs numbers;
major indices close at 3-month highs. Crude oil futures trade close lower
by 1.5% at $69.19.
Thursday’s
action on the Nasdaq index included a bearish VIX signal (explained below).Â
The VIX Index is the most widely used method to access stock market volatility
and is used along with with 15 other signals in our How Markets Really Work
service (click
here for more info). It will be interesting to see how the markets
react next week after this week’s consolidation.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Pfizer Wins Norvasc Patent Challenge By Synthon
Pharma (full
story). PFE shares close higher by 1.4%.
General Motors August Retail Sales Rise 8% On
Sales Day Adjusted Basis (full
story). GM shares finish the day up by nearly 4%.
NASA Chooses Lockheed Martin To Build Orion
Crew Exploration Vehicle; Contract Could Generate Up To $8Bln In Work Over Next
Eight Years (full
story). LMT shares close higher by over 1%.
Broadcom Says It Will Continue To Pursue U.S.
Federal Antitrust Claims Against Qualcomm (full
story). BRCM shares trade lower by nearly 5%, while QCOM shares rise
by nearly 2%.
Starbucks August Same-store Sales Rise 5% (full
story). SBUX shares rise by over 2%.
Gateway Determines Expression Of Interest For
Retail Operations From Mr. Hui Not In Best Interest Of Shareholders (full
story). GTW shares drop by 5%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
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Dow
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+83.00
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11,464.15
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NASDAQ
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+9.41
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2,193.16
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S&P 500
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+7.19
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1,311.01
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size=2>NYSE
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size=2>NASDAQ
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Volume
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1,730,946,000
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1,302,466,000
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Advances
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2103
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1659
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Declines
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1079
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1303
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Up Volume
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1076
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739
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Down Volume
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441
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402
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New Hi’s
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174
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94
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New Lo’s
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16
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27
Strongest
Sectors
Weakest
Sectors
Index (SOX)
Index (CEX)
REIT Index (DJR)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Pending Home Sales
Index Slides 7% For July
Construction
Spending Down 1.2% In July
Construction
Spending For July Down 1.2%; ISM Index For August 54.5
ISM Manufacturing
Index At 54.5 For Aug.
ISM Prices Index
At 73.0 For Aug
U.S. Employment Increases By 128,000 Jobs In August (full
story).
Average Hourly
Earnings Up $0.02 To $16.79
Unemployment Rate
At 4.7% In August
Average Work Week
Dips To 33.8 Hours
Helvetica>
Darren Wong
darrenw@tradingmarkets.com
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Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
VIX
Alert-This Alert triggers when the VIX is 5% above or below its 10
day ma. 5% below usually precedes a quiet/down market. 5% above many times
precedes a short-term rally.
Â