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Dow Jones Industrial Average Nabs Monthly Win

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The Dow Jones Industrial Average (DJIA) shed triple digits for a second straight session, as a round of disappointing earnings and concerns over President Donald Trump's immigration ban continued to weigh on the market, though some drug stocks saw a boost following Trump's comments on drug pricing . Despite the risk-off backdrop -- which, along with a weaker U.S. dollar, has served as a boon for gold prices -- the Dow clinched a solid monthly gain. Additionally, the Russell 2000 Index (RUT) outperformed today, with the small-cap barometer ending the session up 0.7%.

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

The Dow Jones Industrial Average (DJIA- 19,864.09) gave up 107 points, or 0.5% for the day, with Goldman Sachs Group Inc ( GS ) tracking 21 of the 30 components lower on a 1.9% loss. Pfizer Inc. ( PFE ) led the nine gainers, adding 1.4%. For the month, the blue-chip index advanced 0.5%.

The S&P 500 Index (SPX - 2,278.87) shed 2 points, or 0.1%, paring its monthly gain to 1.8%. The Nasdaq Composite (COMP - 5,614.79) added 1.1 point, or 0.02% in the final moments of trading, bringing its monthly gain to a healthy 4.3%.

The CBOE Volatility Index (VIX - 11.99) climbed 0.1 point, or 0.9% -- but shed 14.6% in January.

indexes closing summary jan 31
nyse and nasdaq stats jan 31

5 Items on Our Radar Today

  1. Workplace messaging service Slack revealed a new product, Slack Enterprise Grid , aimed at larger businesses, with a range of new capabilities. The company, which reportedly has 1.5 million paying users, is hoping to take on the likes of Microsoft Corporation ( MSFT ), and justify its $3.8 billion valuation. ( CNBC )

  2. San Francisco became the first city to officially challenge the Trump administration's order to block funding from " sanctuary cities " -- following the White House's controversial immigration ban. The city filed a lawsuit today alleging the executive order violates the U.S. Constitution's 10th Amendment. ( Reuters )

  3. The double-barreled blow that sent Under Armour Inc ( UA ) down 23%.
  4. The options market is pricing in a big post-earnings move for this steel stock .
  5. Restructuring talks leveled Seadrill Ltd (SDRL) -- and had option bears betting on more near-term losses.
quarterly earnings jan 31
unusual options activity jan 31

Data courtesy ofTrade-Alert

Commodities

Crude oil ticked higher for the day, as traders continued to digest signs of growing domestic supplies against falling global inventories. March-dated crude futures finished up 18 cents, or 0.3%, at $52.81 per barrel. Nevertheless, oil fell 1.7% in January.

Gold prices advanced, as growing anxiety surrounding Trump's executive orders and tomorrow's Fed announcement weighed on the U.S. dollar. The April-dated contract added $15.40, or 1.3%, to end the day at $1,211.40 an ounce. The malleable metal added 5.2% in January, its best monthly advance since June.

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


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

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