Signal Points to Major AMD Stock Surge

The S&P and Nasdaq fell short of notching new milestones today, though

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UNH, Big Banks Send Dow to New Record High

By Karee Venema

The Dow made its first-ever trek above the 27,000 mark today, as insurer UnitedHeatlh (UNH) rallied on news the Trump administration was scrapping a plan to curb rebates for insurers. The blue-chip index settled north of the psychologically significant level, too, as big banks Goldman Sachs (GS) and JPMorgan (JPM) popped after Fed Vice Chair Randal Quarles said the central bank will introduce changes to the Volcker Rule later this year to ease regulation on financial institutions.

This helped send the S&P back above 3,000 in intraday trading, and while the index failed to close above this key level, it managed a third straight win. The Nasdaq, meanwhile, eased back from yesterday’s record high to settle with a modest loss.

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

  • The catalyst that sent Bed Bath & Beyond to new lows.
  • This signal points to major upside for AMD stock.
  • The drug stock that surged 50%.
  • Plus, behind Roku options bulls’ big win; history says to watch out for this retailer; and 2 stocks hit with bear notes.

>> Continue reading…

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Schaeffer's Market Recap

2019-07-11 20:51:15

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