Stock Market Today: Dow Gets a Lift From Boeing, Energy Stocks
The Dow managed a win on strength in Boeing, but the S&P 500 and Nasdaq weren't so resilient.
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It was a relatively quiet end to a volatile week on Wall Street, with the Dow Jones Industrial Average (+0.4% at 34,207) managing a modest gain via a bounce in the energy sector.
"With global transportation demand set to recover sequentially, the upcoming new Iran nuclear deal could be the next bump in the recovery path for oil prices," says Francisco Blanch, head of global commodities, equity derivatives and cross-asset quantitative investment strategies at BofA-Merrill Lynch Global Research.
Indeed, while U.S. crude futures ended with a weekly loss (-2.7%) amid signs of progress on the Iran nuclear deal front, bargain hunters swooped in to boost black gold (+2.7% at $63.58 per barrel) to a daily win.
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The S&P 500 Index and Nasdaq Composite weren't so resilient, though, erasing early gains to end down 0.1% at 4,155 and 0.5% to 13,470, respectively.
Other action in the stock market today:
- The small-cap Russell 2000 improved by 0.3% to 2,215.
- Deere & Co (DE, +1.3%) gained ground after a strong earnings report. The farm equipment maker reported higher-than-expected profit and revenues in its fiscal second quarter, but warned of supply chain shortages through the remainder of 2021.
- Boeing (BA, +3.2%) climbed after Reuters reported the company is planning on ramping up production of its 737 Max aircraft by late 2022. BA was the best Dow stock today.
- Gold futures slipped 0.3% to end at $1,876.70 an ounce.
- The CBOE Volatility Index (VIX) retreated by 2.5% to 20.15.
- Bitcoin slumped 10.4% to $36,279.07. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)
The Pros' Picks for Cheap Stocks
Share prices in many popular large-cap stocks – Amazon.com (AMZN) at about $3,200, Alphabet (GOOGL) at roughly $2,300, for example – remain arguably lofty.
And downright expensive for many individual investors who may only be spending a few hundred dollars at a time. Small-cap stocks, such as these 11 analyst favorites, generally offer more appealing entry points.
But if you really want to buy low with some extra cash or if you want to own more than one or two shares without spending thousands, check out this list of cheap stocks to buy. All 10 of the stocks earn consensus Buy or Strong Buy rating from analysts, meaning they're not only cheap but good values, too.
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Dow Adds 1,206 Points to Top 50,000: Stock Market TodayThe S&P 500 and Nasdaq also had strong finishes to a volatile week, with beaten-down tech stocks outperforming.
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Dow Adds 1,206 Points to Top 50,000: Stock Market Today
The S&P 500 and Nasdaq also had strong finishes to a volatile week, with beaten-down tech stocks outperforming.
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Stocks Sink With Alphabet, Bitcoin: Stock Market TodayA dismal round of jobs data did little to lift sentiment on Thursday.
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Dow Leads in Mixed Session on Amgen Earnings: Stock Market TodayThe rest of Wall Street struggled as Advanced Micro Devices earnings caused a chip-stock sell-off.
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Nasdaq Slides 1.4% on Big Tech Questions: Stock Market TodayPalantir Technologies proves at least one publicly traded company can spend a lot of money on AI and make a lot of money on AI.
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Fed Vibes Lift Stocks, Dow Up 515 Points: Stock Market TodayIncoming economic data, including the January jobs report, has been delayed again by another federal government shutdown.
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Stocks Close Down as Gold, Silver Spiral: Stock Market TodayA "long-overdue correction" temporarily halted a massive rally in gold and silver, while the Dow took a hit from negative reactions to blue-chip earnings.
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If You'd Put $1,000 Into AMD Stock 20 Years Ago, Here's What You'd Have TodayAdvanced Micro Devices stock is soaring thanks to AI, but as a buy-and-hold bet, it's been a market laggard.
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Nasdaq Drops 172 Points on MSFT AI Spend: Stock Market TodayMicrosoft, Meta Platforms and a mid-cap energy stock have a lot to say about the state of the AI revolution today.
