More Upside for This Movie Theater Stock

June-dated crude rose 22% for first gain in three sessions

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Market Recap
 
 

4/29/2020

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Dow, Oil Close With Strong Wins

By Laura McCandless

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The Dow marked a healthy session, up over 530 points, as investors cheered upbeat trial data from Gilead Science's (GILD) potential coronavirus treatment. In fact, all three major indexes managed to hold on to this morning's optimism, after the Federal Open Market Committee's (FOMC) April meeting statement said that interest rates will remain near zero. Fed Chair Jerome Powell also stated the Fed is prepared to use its full range of tools to offset the economic headwinds triggered by coronavirus.

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

  • Movie theater giant on its way to a huge weekly win.
  • Support in place for a Ciena stock rally.
  • Plus, analysts rush to this FAANG stock; the coffee giant losing out on sales in China; and the rideshare company considering cuts. 

>> Continue reading...
LATEST HEADLINES

>> Call Traders Blast Gilead Sciences Stock After Big Day
Weekly calls are all the rage today
>> Facebook Stock Extends Rally Ahead of Quarterly Report
Facebook is expected to post its quarterly results after the close this afternoon
>> Ciena Stock Has Room to Run
The security has found plenty of support on the charts as it chugs higher
>> Options Bulls Entertain More Upside for AMC
AMC said it would no longer screen Comcast subsidiary Universal Studio's movies
>> Huge Lithium Discovery Could Replace China's Crippled Miners
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