Dow Jones

2023 - 3 - 13

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Image courtesy of "Seeking Alpha"

DIAX Vs. DIA: Dow Jones Stocks With Or Without Option Strategy (Seeking Alpha)

The Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) invests in the Dow Jones Average stocks and trades possible appreciation for higher current yield via ...

Nuveen Dow 30 Dynamic Overwrite fund is designed to offer regular distributions through a strategy that seeks attractive total return with less volatility than the Dow Jones Industrial Average (DJIA or “Dow30”) by investing in an equity portfolio that seeks to substantially replicate the price movements of the DJIA, as well as selling call options on 35%-75% of the notional value of the Fund’s equity portfolio (with a 55% long-term target) in an effort to enhance the Fund’s risk-adjusted returns. [JEPI](https://seekingalpha.com/symbol/JEPI)) should be considered. The Index Committee monitors whether the highest-priced stock in the index has a price more than 10 times that of the lowest. The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average (the “DJIA”). Companies should be incorporated and headquartered in the U.S., and a plurality of revenues should be derived from the U.S. The DJIA was first calculated in 1896, only the Dow Jones Transportation Average is older. Its unique feature is the price-weighted nature of the Index: Higher the price; larger the weight in the Index. Since 1896, I calculated the DJIA has had an average price gain of 5%; since 1987, the Annualized Total Return is about 11%. [DIAX](https://seekingalpha.com/symbol/DIAX)), which I review here. I will also review the SPDR Dow Jones Industrial Average ETF (NYSEARCA: [DIA](https://seekingalpha.com/symbol/DIA)) and then compare if investors benefited from DIAX’s income-enhancing strategy. The SPDR Dow Jones Industrial Average ETF Trust was launched by and is managed by State Street Global Advisors.

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, S&P 500 Open Lower, Regional Bank ... (The Wall Street Journal)

Live updates of what's moving markets, including the Dow, S&P 500 and Nasdaq Composite.

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Image courtesy of "CNBC"

S&P 500 falls Monday as pressure from bank shares mounts: Live ... (CNBC)

"Financial markets face a no-win situation, trapped between fears of regional bank runs and central banks worried about sticky inflation," said one analyst.

banking system is safe after regulators scrambled over the weekend to create a plan [to backstop deposits at Silicon Valley Bank and Signature Bank](https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html). "It might be a good idea for the Fed to pause," Hyman of Evercore ISI said in a note Sunday, citing the SVB failure along with slowing inflation data. [Brii Biosciences](https://www.cnbc.com/quotes/2137-HK) said less than 9% of total cash and bank balances were at SVB. [Harmony Gold](https://www.cnbc.com/quotes/) helped push the fund up with a 10.8% gain in the premarket, putting it on track for its best day since Nov. Pfizer [offered $229 in cash](https://www.reuters.com/markets/deals/pfizer-buy-seagen-deal-valued-43-billion-2023-03-13/)per share of Seagen, a 32.7% upside to Friday's closing price. Also, the management of the banks will be replaced and bank investors will not be protected, he said. [Dow](/quotes/.DJI/) was down 0.4% shortly after the market opened. Defensive stocks like [Procter & Gamble](/quotes/PG/), [Coca-Cola](/quotes/KO/) and [PepsiCo](/quotes/PEP/) also gained about 2% each. [Charles Schwab](/quotes/SCHW/) lost 8% and at [one point dropped as much as 23.3%.](https://www.cnbc.com/2023/03/13/charles-schwab-shares-head-for-worst-day-ever-as-fears-of-banking-crisis-deepen.html) Regional banks [fell even more](https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html), led by a 70% drop in [First Republic](/quotes/FRC/). The Silicon Valley Bank "debacle highlights failure and further crisis to come," Blain noted. [Bank bank stocks remained under pressure](#107207368-RgdsJMG6y) as investors remained skittish on the sector amid the fallout around Silicon Valley Bank and Signature Bank.

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Image courtesy of "MarketWatch"

Stock market internals are pretty bearish, even as the Dow, S&P 500 ... (MarketWatch)

The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. And volume ...

And volume in declining stocks is making up 70.8% of total volume on the Big Board and 57.4% of total volume on the Nasdaq. The number of declining stocks are outpacing advancers 2,083 to 803 on the New York Stock Exchange (NYSE) and 2,563 to 1,358 on the Nasdaq Exchange. The gains seen in the Big 3 stock market indexes aren’t telling the real story, as market breadth data suggests the stock market is actually suffering a broad selloff.

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Image courtesy of "DailyForex.com"

Dow Jones Technical Analysis: The Index Continues to Bleed L (DailyForex.com)

The Dow Jones Industrial Average continued to decline during its recent trading on intraday levels, to record good losses in its last sessions by -1.07%.

Here are [the best CFD brokers](https://www.dailyforex.com/forex-brokers/best-forex-brokers/cfd-trading) to choose from. [ moving average](https://www.dailyforex.com/forex-articles/2020/08/using-moving-averages-in-forex-trading-in-2021/149717) for the previous 50-day period. Especially if it breaks the current support of 31,909.65, to then target the support level at 30,454.46. Meanwhile, the market is still pricing in odds half a point higher than it was before the Fed chair spoke a week ago. In addition, the bearish trend dominates the movement of the index in the medium-term and long-mile line. In economic news, the government revealed that Nonfarm Payrolls rose by 311K in February.

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Image courtesy of "Investing.com"

Stock market today: Dow ends lower as turmoil in banks weighs on ... (Investing.com)

Investing.com – The Dow closed lower Monday, as investors weighed up a sharp drop in Treasury yields amid bets of a less aggressive Federal Reserve and ongoing ...

[Saved Items](/members-admin/saved-items) The odds of the Fed pausing hikes at its meeting next week jumped to 47%, according to Investing.com's “Fed funds futures are reducing pricing for the size of a potential hike at that meeting to be closer to 25bps,” Scotia Economics said in a note.

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Image courtesy of "Investor's Business Daily"

Dow Jones Futures: Banking Crisis Escalates Ahead Of CPI Inflation ... (Investor's Business Daily)

Dow Jones futures: The banking crisis escalated ahead of the CPI inflation report. Schwab stock plunged on growing liquidity fears.

[Recent IBD Stock Of The Day](https://www.investors.com/research/ibd-stock-of-the-day/newr-stock-new-relic-boosts-data-analysis/), New Relic, is working on a flat base with a 80.98 buy point in the aftermath of the Feb. [the SVB collapse](https://www.investors.com/news/silicon-valley-bank-liquidity-crisis-sends-shockwaves-through-financial-industry/). [IBD Leaderboard](https://leaderboard.investors.com/#/leaders/leadersnearabuypoint) watchlist stock Palo Alto Networks continues to trade quietly in a handle after the stock's 12.5% surge on Feb. [SCHW](https://research.investors.com/quote.aspx?symbol=SCHW)) [plunged on fears](https://www.investors.com/etfs-and-funds/sectors/stock-market-schwab-implodes-money-safe/) that the largest U.S. [3 Top Growth Stocks To Buy And Watch In The Current Stock Market Correction](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-nike-facebook-are-top-stocks-to-watch-in-new-stock-market-correction/) [cybersecurity giant announced good results](https://www.investors.com/news/technology/panw-stock-palo-alto-earnings-q42022/) for the January-ended quarter that saw earnings hit $1.05 a share, up 81% vs. And after Friday's sell-off we've cut our outlook further, to 'market in correction.' This requires investors to avoid any stock purchases and pivot to defensive trading, such as taking profits and [cutting losses short](https://www.investors.com/how-to-invest/investors-corner/still-the-no-1-rule-for-stock-investors-always-cut-your-losses-short/)." And Nike [was featured](https://www.investors.com/stock-lists/stocks-near-a-buy-zone/dow-jones-leader-nike-facebook-are-top-stocks-to-watch-in-new-stock-market-correction/) in this week's Stocks Near A Buy Zone column. [TSLA](https://research.investors.com/quote.aspx?symbol=TSLA)) traded up 0.6% Monday. [FRC](https://research.investors.com/quote.aspx?symbol=FRC)) crashed nearly 62%. [IBD's latest newsletter, MarketDiem, gives you actionable ideas for stocks, options and crypto right in your inbox.](https://get.investors.com/marketdiem/) KeyCorp ( [KEY](https://research.investors.com/quote.aspx?symbol=KEY)) dived 27.3%.

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Image courtesy of "Investing.com Canada"

Dow Jones, Nasdaq, S&P 500 weekly preview: Uncertainty increasing (Investing.com Canada)

Investors are seeking shelter in gold and government bonds after the Silicon Valley Bank (NASDAQ:SIVB) collapsed, making it the biggest bank failure in the U.S. ...

lows (3775) although we ultimately still expect the October lows of ~3500 to be broken.” [Headline CPI](/economic-calendar/cpi-733) is expected to increase by 6.0% year-over-year (YoY). "Going forward, we expect monthly core CPI inflation to remain in the 0.3-0.4% range in the next few months, reflecting higher paths for used car and shelter inflation, and we expect month-over-month core CPI inflation to come down to around 0.2% in the second half of 2023. The U.S. Moreover, the Fed and Treasury launched the Bank Term Funding Program (BTFP) to shore up liquidity. While the focus firmly remains on the U.S. We see S&P500's 2023 EPS at ~$200 (cons $220).” [S&P 500](/indices/us-spx-500) closed over 4.5% lower last week, the biggest weekly decline since last September. On the valuation front, the forward 12-month P/E ratio for the S&P 500 is 17.2 as of Friday. Investors are seeking shelter in gold and government bonds after the Silicon Valley Bank (NASDAQ: [SIVB](/equities/svb-financial-gro)) collapsed, making it the biggest bank failure in the U.S. stocks are enjoying an extremely volatile start to the new trading week.

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Image courtesy of "CNBC"

Stock futures rise after Dow slides five straight days on bank rout ... (CNBC)

Dow Jones Industrial Average futures rose by 117 points, or 0.37%. S&P 500 and Nasdaq 100 futures climbed 0.32% and 0.22%, respectively. Bank stocks rebounded ...

[SPDR S&P Regional Banking ETF](/quotes/KRE/) rose 1.1% in extended trading. Dow Jones Industrial Average futures rose by 78 points, or 0.24%. Economists polled by Dow Jones are expecting a rise of 0.4% last month. "None of them have the risk of contagion — I mean, this is overblown, but I don't think from an operational standpoint, it has that risk." That's down from a 0.5% increase the prior month. Shares of [First Republic Bank](/quotes/FRC/) [popped 14% in extended trading](#107207927-DIXkQF1-F), after closing down nearly 62% on Monday. Investors are hotly anticipating the latest inflation data. The Dow lost 90.50 points, or 0.28%, while the broad-market index lost 0.15%. stock futures rose on Monday night after the Dow Jones Industrial Average notched a fifth day of losses. [SPDR S&P Regional Banking ETF](/quotes/KRE/) (KRE) rose more than 2% in extended trading. Dow Jones Industrial Average futures rose by 79 points, or 0.25%. Traders also looked ahead to a key inflation report due Tuesday.

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Image courtesy of "DailyFX"

Dow Jones, Nasdaq 100 Mixed Reaction to SVB Collapse Speaks to ... (DailyFX)

The Dow Jones fell but the Nasdaq 100 rallied on Monday as markets strongly priced in a Fed pivot in the fallout of SVB's collapse.

[Bitcoin](https://www.dailyfx.com/bitcoin) soared on Monday. The Dow Jones appears to be trading within the boundaries of a Descending Channel since the end of December. Meanwhile, anti-fiat [gold prices](https://www.dailyfx.com/gold-price) soared. Also, the Nasdaq was unable to clear the 50-day SMA, establishing it as key support. Historically speaking, the bottoming of the yield curve (in this case, the spread between 10-year and 2-year rates) has been associated with preceding recessions. This spread soared a massive 54% on Monday (although it remains inverted). But, keep in mind that in less than 24 hours, the next US inflation report crosses the wires. Shares from Western Alliance (-47%) and First Republic (-62%) were a couple of the standouts. The [US Dollar](https://www.dailyfx.com/us-dollar-index), the go-to haven, has been punished since Wednesday. [immediate implications of a potential Fed pivot](https://twitter.com/ddubrovskyFX/status/1635420828895698945). Global market volatility remained tense to start off the new trading week in the wake of last week’s failure of Silicon Valley Bank (SVB). This market reaction comes despite efforts from the US government to shore up confidence in the banking system.

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