Dow Jones Industrial Average, S&P Lower; Nasdaq Outshines

The DJIA is still giving back yesterday's lead

by Josh Selway

Published on Mar 19, 2015 at 11:52 AM
Updated on Apr 20, 2015 at 5:32 PM

The Dow Jones Industrial Average (DJIA) is giving back some of yesterday's gains, last seen more than 100 points lower. On the economic front, investors are digesting a modest rise in weekly jobless claims. Also, the Philadelphia Fed's manufacturing index saw a slowdown in growth for the fourth consecutive month -- and fell to its lowest level since February 2014. At last check, the Nasdaq Composite (COMP) has managed to stay in positive territory, while the S&P 500 Index (SPX) has followed the DJIA into the red.

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

  • 3 stocks that could potentially see a short-covering rally.
  • Tesla Motors Inc (NASDAQ:TSLA) is higher today, and it has Chris Christie to thank.
  • Plus ... Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.

Midday Market Stats

Among the stocks with notable put volume is Yelp Inc (NYSE:YELP), with the contracts changing hands at 24 times the normal intraday rate. Speculators are focusing on the March and April 45 puts, with data suggesting buy-to-open activity for each. At last check, YELP was 3.8% lower at $45.05.

For more midday statistics and stocks on the move, head to page 2.

Tilly's Inc (NYSE:TLYS) is one of the biggest gainers on the Big Board today, after the firm's stronger-than-expected fourth-quarter numbers were met with no fewer than three price-target hikes. Shares of the specialty retailer have tacked on 10.9% to trade at $14.88, after earlier hitting a new annual high of $14.98..

Four-Hour Chart of TLYS

Transocean LTD (NYSE:RIG) is one of the biggest losers on the Big Board today, last seen 5% lower at $14.48, after its latest fleet update brought on negative analyst attention. The offshore drilling stock has dropped nearly 70% since notching an annual high in late June.

The CBOE Volatility Index (VIX) has added 0.4 point, or 3.2%, at 14.41, as it looks to stay above 14.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.47, with puts outnumbering calls. SPY was last seen 0.8 point, or 0.5%, lower at $209.71.

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