April 20, 2017 Market Wrap Up
Stocks were strong today, as all major indices saw gains. Leading the way were financials, with strong performances out of Wells Fargo, Deutsche Bank, and Goldman Sachs Group.
Earnings are dominating headlines in the stock market, here are some names that reported today: Verizon Communications (VZ) -1.1%, Quest Diagnostics +6%, and Visa (V) +4.3%
Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.75%, iShares 20+ Year Treasury Bond (TLT) -0.39%, SPDR Gold Shares (GLD) +0.19%.
On the options front, we saw large call buying activity in Jones Energy (JONE), which traded 97.5 times normal option volume. In addition, we saw heavy put buying in Chicos FAS (CHS), which traded 75.7 times normal option volume.
Here is what is left for tomorrow:
Key Economic Data:
21 April 2017- PMI Composite Flash 9:45 AM ET; Existing Home Sales 10:00 AM ET
Key Earnings:
21 April 2017- GE, HON, COL, KSU, IPG, MAN, SLB, SWK, WBC
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