The DJIA is up triple digits, as stocks react positively to weekend "Brexit" polling and a crude oil rally
The
Dow Jones Industrial Average (DJIA) is booming, as
"Brexit" fears wane ahead of Thursday's vote, and oil prices surge. Specifically, polling over the weekend revealed U.K. residents
generally favor staying in the European Union (EU), while a weaker U.S. dollar has July-dated crude futures 2.7% higher at $49.26 per barrel. Financial stocks are getting the biggest boost, with Goldman Sachs Group Inc (NYSE:GS) among the Dow's top performers, up 2.6%. Meanwhile, Minneapolis Fed President Neel Kashkari is set to speak at 12:15 p.m. ET, and
Fed Chair Janet Yellen's congressional testimony kicks off tomorrow.
Continue reading for more on today's market -- and don't miss:
Newmont Mining Corp (NYSE:NEM) is among the stocks with unusual put volume, as the gold miner's contracts are crossing at 13 times the expected intraday rate. Despite their
long-term technical tenacity, the shares are off 1.4% at $35.17, as the broad-market rally draws traders away from safe-haven investments like precious metals. Digging deeper, buy-to-open activity is detected at NEM's July 31.50 and 32.50 puts.
Among the top performers on the Nasdaq is Chinese e-tailer
JD.com Inc (ADR) (NASDAQ:JD), up 6% at $21.33. Sending the stock higher are reports of a
potential M&A deal with Wal-Mart Stores, Inc. (NYSE:WMT). Longer term, though, JD shares have been anything but impressive, losing more than one-third of their value in 2016.
One of the leading laggards on the New York Stock Exchange today is
Kinross Gold Corporation (USA) (NYSE:KGC), as waning "Brexit" fears have sparked sector headwinds. Also, the gold producer temporarily
suspended operations at its Tasiast mine amid allegations of invalid work permits. At last check, KGC is down 3.4% at $4.81.
The
CBOE Volatility Index (VIX) is off 2.6 points, or 13.3%, at 16.83.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 1.80, with puts nearly doubling calls. At last check, the SPY has advanced 2.7 points, or 1.3%, at $209.21.
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