Market Wrap-Up for Oct.5 (FCX, CF, CLF, GLD, NEM, COF, AXP, more)

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News of Japan cutting its interest rates to zero helped spike gold prices today, also pushing many other commodity plays up along with it.

We saw stock price surges for high-beta stocks like Freeport McMoran ( FCX ) , CF Industries ( CF ) , Cliffs Natural Resources ( CLF ) , and more. Gold ETF ( GLD ) hit new highs as did gold-mining plays Agnico-Eagle Mines ( AEM ) and Newmont Mining ( NEM ) . This continues to remain a trade in our eyes, so be sure to handle it as such if you are dabbling in the area. Financial names such as Franklin Resources ( BEN ) and Capital One Financial ( COF ) also put in solid gains today. Shares of American Express ( AXP ) finished lower following two analyst downgrades this morning. The company continues to feel the pressure of the U.S. government lawsuit.

I was running late today as I was speaking to students at several business classes in Stockton College. Explaining some of what actually happens on Wall Street to what is taught in the textbooks can be real interesting. The students seem to enjoy the real-life experiences/lessons I have had in my trading days as well as since the launch of Dividend.com. A key theme I focused on was not ignoring whatever the current market environment is and how that can relate to business and investing decisions. Some things just don't get taught in textbooks and hopefully the message I was sending opens up some new mindsets into how one can approach their financial and business aspirations.

Hope everyone has a great day. Thanks for reading!

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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