Dow Jones Industrial Average Aims For Another Triple-Digit Win

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Jun 30, 2016 at 11:58 AM
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After a relatively slow start to the day, the Dow Jones Industrial Average (DJIA) is flirting with another triple-digit win, after Bank of England (BoE) Governor Mark Carney said a round of stimulus "will likely be needed over the summer," following last week's "Brexit" vote. Consumer staples are leading the way higher for stocks, despite a retreat in oil prices and some lackluster economic data. Specifically, August-dated crude futures have surrendered 2.1% at $48.82 per barrel amid an uptick in Nigerian oil output, and weekly jobless claims rose slightly more than expected. Heading into the final hours of June trading -- and with a potentially market-moving speech by St. Louis Fed Chair James Bullard this afternoon -- the Dow is on track to finish the month around breakeven.

Continue reading for more on today's market -- and don't miss:

midday market stats june 30

Among the stocks with unusual put activity is chipmaker QUALCOMM, Inc. (NASDAQ:QCOM), with intraday volume doubling what's expected. Most active is the weekly 7/8 51-strike put, where some traders may be purchasing new positions. On the charts, QCOM shares are off 1.4% at $52.82, pressured by a downgrade at Bernstein.

One of the top performers on the New York Stock Exchange is Mobileye NV (NYSE:MBLY), up 11.4% at $46.75. The automotive tech stock is getting a big boost from reports of a joint venture with BMW and Intel Corporation (NASDAQ:INTC).

mbly daily chart june 30

Among the top gainers on the Nasdaq is biotech TESARO Inc (NASDAQ:TSRO), following a raft of upbeat brokerage notes and the filing for a mixed shelf offering. Currently, the shares are up 7.9% at $83.40, and fresh off a record high of $84.91.
The CBOE Volatility Index (VIX) has slid 0.8 point, or 4.9%, at 15.83.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.67, with puts outpacing calls. At last check, SPY has advanced 1.1 points, or 0.5%, at $207.77.

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