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S&P Logs Longest Daily Win Streak Since October 2017


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U.S. stocks logged modest gains in today's trading, driven by encouraging jobs data and news that noticeable progress is being made between the U.S. and China regarding a trade deal -- with President Donald Trump saying earlier the two countries are "rounding the turn." The Dow took a third straight gain, while the S&P 500 marked a seventh -- its longest daily win streak since October 2017. Both indexes, as well as the tech-heavy Nasdaq, logged a second weekly gain.

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

The Dow Jones Industrial Average (DJI - 26,424.99) added 40.4 points, or 0.2%. Cheveron ( CVX ) was the best of the 23 blue-chip gainers, adding 1.3%. Meanwhile, Dow ( DOW ) was the biggest loser, shedding 4.1%. For the week, the DJI rose 1.9%.

The S&P 500 Index (SPX - 2,892.74) tacked on 13.4 points, or 0.5%, while the Nasdaq Composite (IXIC - 7,938.69 )  managed to add 46.9 points, or 0.6%. The indexes closed 2% and 2.1% higher for the week, respectively. 

The Cboe Volatility Index (VIX - 12.82) lost 0.8 point, or 5.6%. The market's "fear gauge" shed 6.3% for the week.

closing indexes summary april 5

nyse and nasdaq stats april 5

5 Items on our Radar Today

  1. MacKenzie Bezos will maintain a 4% stake in Amazon ( AMZN ), as part of a divorce settlement with the company's founder and CEO Jeff Bezos. This amount of stock is reportedly worth $36.5 billion -- making Bezos one of the top four wealthiest women in the world. ( MarketWatch )  
  2. Another E. coli outbreak has hit the Midwest, though the source still unidentified. Earlier today, the Centers for Disease Control and Prevention ( CDC ) said 72 people have been affected and eight hospitalized across five states. Without a cause pinpointed, the CDC did not have a specific food or restaurant chain for civilians to avoid. ( CNBC )
  3. This pot stock is burning shorts.
  4. LYFT calls were hot on Citron Research nod. 
  5. Bullish analysts chimed in on Snap stock .

corporate earnings april 5

unusual options activity april 5

Data courtesy of  Trade-Alert

Crude Soars 4.9% on the Week

Crude saw a notable lift in today's trading, as political tensions ramped up in oil-rich Libya. May-dated crude futures closed up 98 cents, or 1.6%, at $63.08 per barrel. For the week, crude logged a 4.9% gain. 

Gold prices suffered following this morning's jobs data. June-dated gold shed $1.30, or 0.1%, to settle at $1,295.60 an ounce for the day, and 0.2% for the week.

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: CVX , DOW , AMZN , CDC , SPX




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