Stocks Extend Win Streak As Nasdaq, Dow Add Triple Digits

Stocks rebounded on Thursday, erasing earlier losses as investors rotated back into the tech sector. The Dow and Nasdaq scored triple-digit gains, with the latter enjoying strong earnings from Tesla (TSLA) and a weaker U.S. dollar, while the S&P 500 saw a more modest pop. All three major indexes scored a third-straight daily win, brushing off worse-than-expected weekly jobless claims, which hit an eight-month high last week. Elsewhere, the Cboe Volatility Index (VIX) -- known as Wall Street's fear gauge -- registered its sixth loss in seven sessions.

The Dow Jones Average (DJI - 32,036.90) gained 162.1 points or 0.5% for the day. Boeing (BA) led the gainers, adding 1.9%. Verizon Communications (VZ) paced the losers, shedding 2.9%.

The S&P 500 Index (SPX -3,998.95) added 39.1 points or 1% for the day. Meanwhile, the Nasdaq Composite (IXIC -12,059.61) rose 162 points, or 1.4% for the session.

Lastly, the Cboe Market Volatility Index (VIX - 23.11) lost 0.8 points or 3.2% for the day. 

Closing Indexes Summary July 21

NYSE and Nasdaq Stats July 21

Corporate Earnings July 21

Unusual Options Activity July 21


Oil prices fell to their lowest level in a week, as black gold’s short-term demand outlook faces scrutiny. September-dated crude, which is currently the front-month contract, lost $3.53, or 3.5%, to finish at $96.35 per barrel. 

Gold prices, meanwhile, snapped back, surging in response to the European Central Bank’s (ECB) first interest rate hike in 11 years. August-dated gold added $13,20, or 0.8%, to close at $1,730.40 an ounce.

More By This Author:

Dow Down Triple Digits As Rally Hits Pause
Nasdaq Strings on 2nd-Straight Triple-Digit Pop
Stocks Shift Higher as Strong Earnings Continue

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.