Dow Jones Industrial Average Gets a Big Boost from Payrolls

Dow Jumps on Jobs Data; Plus, 3 Mega Earnings Winners

May 8, 2015 at 11:41 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) took off out of the gate -- and reclaimed a perch atop 18,000 -- as traders cheered the Labor Department's April jobs data. Specifically, although payrolls rose last month, many believe it was not enough to prompt a June interest-rate hike by the Federal Reserve. Meanwhile, the unemployment rate dropped to a level not seen since May 2008, and hourly earnings edged up. The burst of buying power has spread elsewhere on the Street, as well, and thanks to yesterday's solid gains and today's surge, both the DJIA and the S&P 500 Index (SPX) are poised for weekly wins.


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




Among the stocks with notable put volume is Sprouts Farmers Market Inc (NASDAQ:SFM), with the contracts changing hands at 26 times the average intraday pace. The stock is down 9% at $27.48 -- and on the short-sale restricted list -- after the firm's dreary earnings and guidance was met with a round of price-target cuts. Option bears are taking advantage of today's slide, by selling to close their now in-the-money May 30 puts ahead of next Friday's expiration.


One of the top gainers on the Big Board is Ryerson Holding Corp (NYSE:RYI). The metals magnate followed up last night's first-quarter earnings by announcing a new CEO, and at last check, the shares were up 21.3% at $7.05. The stock still remains a longer-term laggard, though, down 32% year-to-date.


Calithera Biosciences Inc (NASDAQ:CALA) is the biggest advancer on the Nasdaq, after the drugmaker unveiled its 2015 financial results last night. "With the addition of the Hexokinase II license, we have expanded our portfolio of preclinical programs and continue to advance our expertise in the area of tumor metabolism drug research and development," said CEO Susan Molineaux, Ph.D. At midday, the shares are up 38% at $13.14, but appear to have run into resistance at CALA's 20-day moving average.



The CBOE Volatility Index (VIX) is down 2.1 points, or 13.8%, at 13.05, but appears to have found a foothold in the 13 region.


Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.86, with puts nearly doubling calls. SPY is up 2.6 points, or 1.3%, at $211.50.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI