Dow jumps 545 points after mid-session



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The Dow ended up on more than 500 points today, while shares reacted to the mid-term elections in the United States. Several sectors posted favorable results, with UnitedHealth ( A H) major insurers after three states voted for the development of Medicaid programs energy stocks is gaining ground on a key vote in Colorado, even as oil prices have fallen to their lowest level in eight months. Tech and FAANG shares have also advanced, while we expected a Democrat-controlled House of Representatives to curb President Donald Trump's quest to attack giants like Amazon ( AMZN). Elsewhere in Washington, Attorney General Jeff Sessions has resigned, although the surprise has done little to dispel the wind.

Keep reading to learn more about the current market, including:

the Dow Jones Industrial Average (DJI – 26.180.30) jumped 545.3 points, or 2.1%, ending above 26,000 for the first time in almost a month. All stocks, with the exception of Procter & Gamble (PG), finished higher, with Caterpillar (CAT) up 4.5% on the 29 Blue Chips and a 0.2% loss for the first .

the S & P 500 Index (SPX – 2,813.89) added 58.4 points, or 2.1%, and the Nasdaq Composite (IXIC – 7,570.75) managed a gain of 194.8 points, or 2.6%.

the Cboe Volatility Index (VIX – 16.36) fell by 3.6 points, or 17.8%, from its lowest close since October 9th.

Closing Indexes Summary November 7th

NYSE and Nasdaq statistics from November 7

5 articles on our radar today

  1. Proposal C, San Francisco: a polarizing tax measure for the homeless the technology industry, which obtained 60% of the votes cast. Prop C, which has benefited from the support of Marc Benioff, CEO of Salesforce (CRM), will increase corporate taxes generating annual revenues of more than $ 50 million to help the homeless population of the city. Square (SQ) CEO Jack Dorsey has publicly opposed the measure, saying it would impose unfair taxation on some financial services companies. ( CNBC )
  2. General Electric (GE) recorded its lowest closing level since 2009, on the sidelines of the broader equity rally. The stock fell by 2.4% today, after suffering a series of nine-day losses yesterday. (Marketwatch)
  3. Why bull options flocked to DaVita after mid-session .
  4. Analysts have exploded this Optical equipment stock after the winnings.
  5. Stock of drugs Foamix just hit his bullish stride after optimistic data.

Business Results 7 Nov

Activity Unusual Options 7 Nov

Data provided by Trade Alert

Drops of oil on another increase in supply

Oil prices fell to eight-month lows, as data showed an increase in rough inventories for the seventh consecutive week and record production of 11.6 million barrels a day. Oil delivered in December dropped 54 cents, or 0.9%, to $ 61.67 a barrel.

December gold futures posted their first gain in four sessions, as the US dollar weakened after mid-quarters. It climbed $ 2.40, or 0.2%, to settle at $ 1,228.70 an ounce.

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

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