Dow Skyrockets 410 Points

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The Dow rallied triple digits for a second straight session, marking its first back-to-back gains in February. A surge in tech stocks helped the index rally more than 400 points, with all but two of the 30 Dow stocks finishing in the black. The S&P and Nasdaq also rebounded following the stock market's worst week since 2016 , with materials and industrial stocks gaining after President Donald Trump unveiled his infrastructure plan . In fact, it was the S&P's first consecutive gains of at least 1% since June 2016.

Continue reading for more on today's market, including:

  • The signal that called the March 2009 bottom just flashed again.
  • How options traders are playing Pepsi stock ahead of earnings tomorrow.
  • Analyst: Buy this Dow stock before earnings.
  • Plus, 5 retail stocks to buy now; the latest Amazon casualty; and Alibaba's newest partner. 

The Dow Jones Industrial Average (DJI - 24,601.27) ended with a gain of 410.4 points, or 1.7%. Apple ( AAPL ) led the 28 advancing blue chips, gaining 4%, while Home Depot ( HD ) and General Electric ( GE ) were the lone Dow stocks in the red, dropping 0.03% and 0.8%, respectively.

The S&P 500 Index (SPX - 2, 656.00) added 36.5 points, or 1.4%, on the day. The Nasdaq Composite (IXIC - 6,981.96) rallied 107.5 points, or 1.6%, by the closing bell.

The CBOE Volatility Index (VIX - 25.61) gave up 3.5 points, or 11.9%, for its lowest close since Feb. 2. Wall Street's "fear gauge" is now down about 50% from its two-year high above 50, touched on Feb. 6.

Closing Indexes Summary Feb 12

NYSe and Nasdaq Stats Feb 12

5 Items on Our Radar Today

  1. Apple's HomePod was released last week, but Consumer Reports isn't impressed with the audio. In a recent review, the HomePod's bass was "a bit boomy and overemphasized," and the device was beaten by Alphabet's Google Home Max and the Sonos One in overall sound quality. ( MarketWatch )
  2. Purdue Pharma will no longer promote its OxyContin drug to healthcare professionals, starting today, due to the nationwide opioid epidemic. The privately held drugmaker is also cutting its sales staff. ( USA Today )
  3. Cowen: Buy these 5 retail stocks right now. 
  4. The latest victim of Amazon ( AMZN ) expansion.
  5. The big-cap partnership that boosted Alibaba ( BABA ) stock today.

Corporate Earnings Feb 12

Unusual Options Activity Feb 12

Data courtesy of  Trade-Alert

Gold Enjoys Best Day in 2 Weeks

Oil prices briefly climbed atop $60 per barrel, but ultimately pared their gains into the close. March-dated crude futures finished with a gain of 9 cents at $59.29 per barrel, after the Energy Information Administration (EIA) predicted increased domestic oil production next month.

Gold enjoyed its best day in over two weeks, thanks to a weaker dollar. April-dated gold futures advanced $10.70, or 0.8%, to settle at $1,326.40 an ounce.

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

This article appears in: Investing , Options
Referenced Symbols: AAPL , HD , GE , AMZN , BABA

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