Boeing Sends Dow to Triple-Digit Loss

Fear of a trade war with China has spooked Wall Street

Mar 14, 2018 at 12:01 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) opened up the session up triple digits as traders digested a slightly stronger-than-forecast inflation update and a third straight monthly drop in retail sales ahead of next week's March Fed meeting. The Dow has since swung to a more than 200-point loss at last check, though, as fears of a potential trade war with China -- following rumors the White House could impose steep tariffs on Beijing -- has blue-chip industrial stock Boeing (BA) spiraling. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have erased earlier gains, too, in what looks to be another down day for U.S. stocks.

Continue reading for more on today's market, including:

  • Analyst: This stock is like "Amazon in its early days."
  • Options bears are winning big on this retail stock's post-earnings spiral.
  • Plus, put sellers pounce on DKS; the agriculture stock that's tripled today; and Valeant's big win.

midday market stats march 14

Among the list of stocks with unusual options volume today is Dick's Sporting Goods Inc (NYSE:DKS), with nearly 35,000 puts traded -- four times what's typically seen at this point in the day. By comparison, fewer than 8,500 calls are on the tape. After yesterday's volatile session had DKS stock successfully testing familiar support near $29, traders appear to be selling to open June 23 puts. At last check the retail shares were up 2.1% at $33.64.

Arcadia Biosciences Inc (NASDAQ:RKDA) is at the top of the Nasdaq today, after the maker of non-genetically modified wheat said it is in talks with companies to launch a healthier, consumer-friendly portfolio. After being halted several times for volatility, RKDA shares were last seen up 275.9% at $43.87, earlier hitting an annual high of $48.00.

rkda stock daily chart march 14

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is one of the best stocks on the New York Stock Exchange today, after the drugmaker's plaque psoriasis treatment, Siliq, received regulatory approval in Canada. VRX stock has shot up 6.6% to trade at $17.17.

 

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*