S&P 500, Nasdaq Score Record Closes

It was a mixed bag of results on Wall Street today. The Dow registered its second consecutive loss, as both Home Depot (HD) and Walmart (WMT) took a post-earnings hit. However, the S&P 500 finally scored a record close on Tuesday, after coming within a chip-shot of the level for over a week. The Nasdaq Composite also scored a record close of its own, with outsized gains from FAANG names leading the charge. Meanwhile in Washington, D.C., a decision on the second round of coronavirus stimulus is nowhere to be seen.

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

    • A telemedicine stock was riding high after a fresh bull note.
    • Foot Locker stock tripped ahead of its earnings report.
    • Plus, unpacking Walmart's earnings beat; a cruise stock plummets after a ransomware attack; and two cannabis stocks with affordable options.

    The Dow Jones Industrial Average (DJI - 27,778.07) dropped 66.8 points, or 0.2% for the day. Nike (NKE) finished with a 1.2% jump, pacing the 12 gainers. Visa (V) paced the 18 laggards with a 0.2% fall.

    Meanwhile, the S&P 500 Index (SPX - 3,389.78) added 7.8 points, or 0.2% for the day. The Nasdaq Composite (IXIC - 11,210.84) rose 81.1 points, or 0.7% for today's session.

    Lastly, the Cboe Volatility Index (VIX - 21.51) added 0.2 point, or 0.8% for the day.

    Closing summary august 18

    nyse nasdaq august 18

    1. The Postmaster General said he would suspend some changes to the U.S. Postal Service (USPS) until November to avoid impact on 2020 election mail. (CNBC)
    2. The wealth of the top 12 billionaires in the U.S. just reached a new milestone of one trillion dollars, according to the Institute for Policy Studies. (MarketWatch)
    3. Carnival Cruise stock plunged after a ransomware attack compromised guest data.
    4. Options traders were piling on Walmart stock after an earnings beat.
    5. These two cannabis stocks have affordably priced options.

    earnings august 18

    unusual options august 18

    Data courtesy of Trade-Alert

    Gold Conquers Historical Landmark Once Again

    Oil future were flat on Tuesday, as investors waited for U.S. crude supplies data, as well as a Organization for Petroleum and Energy Countries and allies (OPEC+) panel meeting on Wednesday, which will monitor the effects of production cuts by major oil producers. As a result, September-dated crude stayed unchanged at $42.89 a barrel. 

    Meanwhile, gold futures extended yesterday's rally, conquering the historical $2,000 landmark again as the dollar grew weaker and government bond yields receded. Gold for December, the most-active contract, rose $14.40, or 0.7%, to settle at $2,012.10 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.


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