IBM led the latest round of upbeat earnings reports
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| Stocks Mixed as S&P 500, Nasdaq Hit New Highs | | By Patrick Martin | | The Dow finished lower today despite strong IBM (IBM) earnings, erasing its earlier gains in the final hour of trading on a down day for Boeing (BA). The S&P 500 and Nasdaq closed in the black and nabbed new record highs, thanks to strength in the semiconductor sector. Investors also monitored updates on the coronavirus outbreak, after President Donald Trump told reporters that the U.S. has everything "totally under control," and trusts the information coming from China regarding the virus. Continue reading for more on today's market, including: - The make-or-break VIX level we're watching, courtesy of Schaeffer's Senior V.P. of Research Todd Salamone.
- Options traders blasted this red-hot drug stock.
- Plus, MOMO struggles draw options bears; a post-earnings dip from JNJ; and a possible coronavirus vaccine.
| | >> Continue reading... | |
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