Indexes Close Higher Following Intense Week Of Volatile Trading

Indexes closed the day higher after an intensely volatile last full week of January, as investors digest the Fed meeting, a slew of big-name earnings, and a historic comeback for the Dow. Chevron (CVX) is weighing heavy on the blue-chip index today, after reporting a disappointing earnings. Apple (AAPL) is providing some stability, however, and helped boost the blue-chip index to its best day of 2022 and tech-heavy Nasdaq to triple-digit gains. Meanwhile, the S&P 500 remains on track for its worst month since March 2020, but all three indexes managed a win for the week.

The Dow Jones Average (DJI - 34,725.47) climbed 564.69 points or 1.7% for the day. Visa (V) led the gainers today, adding 10.6%, and Caterpillar (CAT) paced the laggards with a 5.2% drop. For the week, the Dow added 1.3%.

The S&P 500 Index (SPX - 4,431.85) moved 105.3 points higher, or 2.4%, while the Nasdaq Composite (IXIC - 13,770.57) tacked on 417.8 points, or 3.1%, for today's session. For the week, the indexes added 0.7% and 0.02%, respectively.

Lastly, the CBOE Volatility Index (VIX - 27.66) shed 2.8 points, or 9.3% for the day, and 4% for the week.

Closing Indexes Summary Jan 28

NYSE and Nasdaq Stats Jan 28

Corporate Earnings Jan 28

Unusual Options Activity Jan 28

OIL LOGS IMPRESSIVE DAILY, WEEKLY WINS

Oil logged an impressive six-week win streak today, alongside a daily close that settled at a seven-year high. Tensions surrounding Ukraine and Russian continue to add support to the increase in prices. March-dated oil added 21 cents, or nearly 0.2%, to settle at $86.82 per barrel. On the week, Oil added 2%.

Gold futures did not fare as well, however, marking their worst week in six, weighed down by the Fed's imminent rise in interest rates. The now most-active contract, April-dated gold, dropped $8.40, or 0.5%, to close at $1,786.60 per ounce. For the week, Gold shed 2.5%, its largest such decline since November.

Disclaimer: Schaeffer's Investment Research ("SIR" or "we" or "us") is not registered as an investment adviser. SIR relies upon the "publishers' ...

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