Strong Retail Earnings Push Dow To Triple-Digit Win

The Dow stayed hot today, reversing this morning's premarket losses to nab a fifth-straight gain and third consecutive triple-digit win. It's also the blue-chip index's longest win streak since May 27. Meanwhile, the S&P 500 settled slightly above breakeven for a third-straight gain, while the Nasdaq logged a modest loss.

Upbeat quarterly results from the likes of Walmart (WMT) and Home Depot (HD) gave the retail sector a boost, with Target (TGT) enjoying a nice pop ahead of tomorrow's earnings call. A sharp drop in housing starts for July likely capped investor sentiment, though the Cboe Volatility Index (VIX) closed under 20 for the third day in a row.

The Dow Jones Average (DJI - 34,152.01) added 239.6 points or 0.7% for the day. Walmart (WMT) led the gainers, adding 5.1%. 3M (MMM) paced the laggards, falling 0.8%.

The S&P 500 Index (SPX - 4,305.20) rose 8.1 points, or 0.2% for the day. Meanwhile, the Nasdaq Composite (IXIC - 13,102.55) shed 25.50 points or 0.2% for the session.

Lastly, the Cboe Market Volatility Index (VIX - 19.69) rose shed 0.3 points or 1.4% for the day.

Closing Indexes Summary August 16

NYSE and Nasdaq Stats August 16

Earnings August 16

Unusual Options Activity August 16


Oil Prices Log Worst Close Since January

Oil prices moved lower on Tuesday to notch their lowest close since January. Demand and recession fears, a potential Iran nuclear deal, and disappointing global economic data all weighed on black gold. September-dated crude lost $2.88, or 3.2%, to settle at $86.53 per barrel for the day.

Gold prices were also lower, marking their second-straight session in the red. Housing starts data pushed U.S. Treasury yields higher, dulling the precious metal. In turn, December-dated gold dropped $8.40, or 0.5%, to close at $1,789.70 an ounce.


More By This Author:

Dow Reverses Morning Losses As Walmart Stock Surges
Dow Adds 151 Points, Logs Longest Win Streak Since May
Stocks Trim Morning Losses Ahead Of Retail Earnings

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