Stock Market Today: Dow Gets a Lift From Boeing, Energy Stocks

The Dow managed a win on strength in Boeing, but the S&P 500 and Nasdaq weren't so resilient.

stock market today
(Image credit: Getty Images)

It was a relatively quiet end to a volatile week on Wall Street, with the Dow Jones Industrial Average (+0.4% at 34,207) managing a modest gain via a bounce in the energy sector.

"With global transportation demand set to recover sequentially, the upcoming new Iran nuclear deal could be the next bump in the recovery path for oil prices," says Francisco Blanch, head of global commodities, equity derivatives and cross-asset quantitative investment strategies at BofA-Merrill Lynch Global Research.

Indeed, while U.S. crude futures ended with a weekly loss (-2.7%) amid signs of progress on the Iran nuclear deal front, bargain hunters swooped in to boost black gold (+2.7% at $63.58 per barrel) to a daily win.

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The S&P 500 Index and Nasdaq Composite weren't so resilient, though, erasing early gains to end down 0.1% at 4,155 and 0.5% to 13,470, respectively.

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Other action in the stock market today:

  • The small-cap Russell 2000 improved by 0.3% to 2,215.
  • Deere & Co (DE (opens in new tab), +1.3%) gained ground after a strong earnings report. The farm equipment maker reported higher-than-expected profit and revenues in its fiscal second quarter, but warned of supply chain shortages through the remainder of 2021.
  • Boeing (BA (opens in new tab), +3.2%) climbed after Reuters reported the company is planning on ramping up production of its 737 Max aircraft by late 2022. BA was the best Dow stock today.
  • Gold futures slipped 0.3% to end at $1,876.70 an ounce.
  • The CBOE Volatility Index (VIX) retreated by 2.5% to 20.15.
  • Bitcoin slumped 10.4% to $36,279.07. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)

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(Image credit: YCharts)

The Pros' Picks for Cheap Stocks

Share prices in many popular large-cap stocks – Amazon.com (AMZN (opens in new tab)) at about $3,200, Alphabet (GOOGL (opens in new tab)) at roughly $2,300, for example – remain arguably lofty.

And downright expensive for many individual investors who may only be spending a few hundred dollars at a time. Small-cap stocks, such as these 11 analyst favorites, generally offer more appealing entry points.

But if you really want to buy low with some extra cash or if you want to own more than one or two shares without spending thousands, check out this list of cheap stocks to buy. All 10 of the stocks earn consensus Buy or Strong Buy rating from analysts, meaning they're not only cheap but good values, too.

Karee Venema
Contributing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.