Stocks Settle Higher as Optimism Returns to Wall Street

The VIX settled at its lowest level since March 6

Digital Content Manager
Mar 30, 2023 at 4:27 PM
facebook X logo linkedin


The Dow added 141 points on Thursday, completing a V-shaped recovery after briefly dipping into negative territory earlier in the session. The S&P 500 scored a solid win as well, settling at its highest level since Feb. 17, while the Nasdaq closed above the psychologically-significant 12,000 level.

Encouraging jobless claims have traders optimistic the Federal Reserve will stick to its plan of slowing the pace of interest rate hikes. Elsewhere, the Cboe Volatility Index (VIX) marked its fifth-straight loss and lowest close since March 6.

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

  • IBM stock facing off historically bearish trendline.
  • These 3 stocks were a hit with options traders.
  • Plus, EV stock on the rise; bull note for WMT; and a bank stock in trouble.

indexesmar30

 nysemar30

5 Things to Know Today 

  1. Ford Motor (F) hiked prices of its F-150 Lightning electric pickup truck as production resumes after a battery in one of its completed trucks recently caught fire. (CNBC)
  2. Bed Bath & Beyond (BBBY) stock hit a record low after warning of a big sales miss and announcing a large “at-the-market” common stock offering .(MarketWatch)
  3. Impressive quarterly revenue boosted this EV stock.
  4. Analyst: Multiple tailwinds blowing for Walmart stock.
  5. Charles Schwab stock downgraded on recovery timeline.

earnmar30

uvolmar30

Big Day for Gold, Oil Prices 

Oil futures pivoted higher on Thursday to settle at their highest level in more than two weeks. Stronger global demand as maintenance season for oil refiners comes to an end boosted black gold today. May-dated crude added $1.40, or 1.9%, to close at $74.37 per barrel.

Gold prices rallied as well, notching their highest close in more than 12 months after briefly topping $2,000. The safe-haven metal surged amid the prospect of lower interest rates expectations, a weaker U.S. dollar, and strong demand in China. June-dated gold rose $13.20, or 0.7%, to settle at $1,997.70 per ounce.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI