Get the 4 Crypto Videos that were released this week
Dow Closes Slightly Higher
MARKET SUMMARY
U.S. markets continued record run into blue-sky territory on Wednesday’s open but settled mostly lower after setting fresh intraday all-time highs.
The Dow closed in the green for the 3rd time over the past four sessions after rising 0.2% and trading to an intraday all-time peak of 26,392. The S&P 500 made a record run to 2,852 before slipping 0.1% into the closing bell to snap a three-session winning streak.
The Nasdaq gave back 0.6% after peaking at 7,486 but was able to hold the 7,400 into the close after falling below this level intraday. The Russell 2000 dropped 0.7% after tapping a record high of 1,615 before closing back below the 1,600 level.
TRADE OF THE DAY
THE ZEN OF TRADING
ANALYST UPGRADES / DOWNGRADES
Cree (CREE) upgraded to Hold from Sell at Williams Capital
3M (MMM) upgraded to Buy from Neutral at Hilliard Lyons
Energen (EGN) upgraded to Overweight from Equal Weight at Morgan Stanley
United Continental (UAL) downgraded to In Line from Outperform at Evercore ISI
Huntington Bancshares (HBAN) was downgraded to Neutral from Buy at Hilliard Lyons
Range Resources (RRC) downgraded to Underweight from Equal Weight at Morgan Stanley
EARNINGS
Thursday's scheduled earnings include:
Before the open: 3M (MMM), Alaska Air Group (ALK), American Airlines Group (AAL), Avnet (AVT), Biogen (BIIB), Cabot Microelectronics (CCMP), Caterpillar (CAT), Celgene (CELG), Deluxe (DLX), Freeport McMoRan (FCX), International Speedway (ISCA), JetBlue Airways (JBLU), L3 Communications (LLL), McCormick & Company (MKC), Oshkosh (OSK), Praxair (PX), Raytheon (RTN), Sherwin-Williams (SHW), STMicroelectronics (STM), Union Pacific (UNP)
After the close: Calanese (CE), Datawatch (DWCH), E*Trade Financial (ETFC), Federal Investors (FII), Flex (FLEX), Hilltop Holdings (HTH), Intel (INTC), K12 (LRN), KLA-Tencor (KLAC), Microsemi (MSCC), Quality Systems (QSII), Starbucks (SBUX), Western Digital (WDC)
UPCOMING ECONOMIC NEWS
Thursday's economic reports (EST):
Jobless Claims - 8:30am
Bloomberg Consumer Comfort Index - 9:45am
New Home Sales - 10:00am
Leading Indicators - 10:00am
Kansas City Fed Manufacturing Index - 11:00am
METALS / OIL
Gold closed at $1,356.30 an ounce, up $19.60
Silver settled at $17.49 an ounce, up $0.58
Copper finished at $3.23 a pound, up $0.12
Crude Oil closed at $65.88 a barrel, up $1.41
Bitcoin Investment Trust (GBTC) settled at $1,670.05, up $17.40
ARTICLE OF THE DAY
Exiting an Option Position
Once you own options, there are three methods that can be used to make a profit or avoid loss... [read more]
Make it a great day!
Todd Mitchell
QUOTE OF THE DAY
No comments:
Post a Comment