The DJIA is staring at a second consecutive triple-digit loss, while the SPX is threatening to close below 2,000
For a second straight session, the
Dow Jones Industrial Average (DJIA) is staring at a
triple-digit loss, as stocks continue
selling off on last week's surprise "Brexit" vote. In fact, both the Dow and the broader
S&P 500 Index (SPX) have breached their respective 200-day moving averages for the first time since March, with the latter now testing the key 2,000 millennium level. Meanwhile, oil prices are reeling amid global concerns over energy demand -- at last check, August-dated crude futures have pulled back 2.4% to $46.52 per barrel.
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Among the stocks with unusual call activity is java giant
Starbucks Corporation (NASDAQ:SBUX), as the contracts are flying off the shelves at seven times the expected intraday rate. According to
Trade-Alert, it looks like much of the activity came at the hands of one speculator who seemingly
rolled her long weekly 7/22 56- and 56.50-strike calls down to the 55 strike, with the transaction accounting for 40,000 total contracts. SBUX is down 1.4% at $53.93.
Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) is one of worst performers on the Nasdaq, amid warnings that the U.K.'s decision to leave the European Union (EU) could
hurt the profitability of travel companies. At last check, RYAAY was seen 14% lower at $66.76, and earlier touched an annual low of $66.09.
Among the top gainers on the Nasdaq is biotech
GW Pharmaceuticals PLC - ADR (NASDAQ:GWPH), up 9.2% at $91.00. Sending the stock sky-high is
upbeat drug data, plus a price-target hike to $138 from $130 at Leerink.
The
CBOE Volatility Index (VIX) has lost 1.7 points, or 6.6%, at 24.05.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 1.85, with puts outstripping calls. At last check, the SPY is down 3.5 points, or 1.7%, at $199.65 -- and south of $200 for the first time since March.
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