Dow Jones Industrial Average Dives on Dismal Earnings

Why an Apple Earnings Miss Could Be Disastrous

Jul 21, 2015 at 12:00 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) has surrendered its perch atop the 18,000 mark, plummeting triple digits. Amid a bare economic calendar, earnings continue to dominate headlines -- and the 30-stock index is being dragged down by poorly received reports from Big Blue and a pair of its fellow blue chips. Elsewhere, the broad-market trend lower has the Nasdaq Composite (COMP) retreating from record highs, while gold is extending Monday's steep sell-off. Looking ahead, big-cap earnings will remain in focus over the next several sessions, with results from a number of heavyweights on tap.


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





Among the stocks with notable option volume is tech titan International Business Machines Corp. (NYSE:IBM), with the contracts changing hands at seven times the average intraday pace. The stock is off 5.4% at $163.96, after IBM's disappointing revenue number was met a bearish brokerage note. The equity's most active option is the weekly 7/24 165-strike put, which appears to be seeing some sell-to-close activity.


One of the top losers on the Big Board -- and the Dow -- is United Technologies Corporation (NYSE:UTX), which is off 7.8% at $101.91 -- set for its worst session since September 2001. This morning, the aerospace issue lowered its full-year forecast for a third time. The stock is now down 11.3% on the year, and on pace for its lowest daily close since last October.


One of the biggest decliners on the Nasdaq is home security specialist AlarmCom Hldg Inc (NASDAQ:ALRM). The Wall Street freshman is failing to capitalize on a round of upbeat analyst notes, and was last seen off 5.2% at $17.80. Earlier, however, the stock managed to find a foothold atop its recently formed 10-day moving average.




The CBOE Volatility Index (VIX) is up 0.3 point, or 2.6%, at 12.57.


Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.45, with puts outpacing calls. SPY is down 0.8 point, or 0.4%. at $211.75.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI