Dow Jones Industrial Average Comfortably Higher Amid Rate-Hike Hype

Is GoPro Headed For All-Time Lows?

by Josh Selway

Published on Sep 21, 2015 at 11:59 AM

The Dow Jones Industrial Average (DJIA) has pared its gains -- but is still enjoying a triple-digit lead -- as Wall Street deciphers ongoing rate-hike speculation. On the heels of the central bank's decision last week -- which pushed the Dow back in correction territory -- St. Louis Fed President James Bullard was among those voicing support for a rate hike this year. What's more, Atlanta Fed President Dennis Lockhart will be speaking later today, kicking off a week chock-full of central bank speeches. Elsewhere, Goldman Sachs Group Inc (NYSE:GS) reiterated expectations for the S&P 500 Index (SPX) to climb back atop 2,100 by the end of the year, and the Street is apparently shrugging off a drop in existing home sales last month.

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



Among the stocks with notable call activity is cybersecurity issue Cyberark Software Ltd (NASDAQ:CYBR). The contracts are crossing at four times the pace expected for this time of day. However, activity on some of the more popular strikes appears to be of the sell-to-open variety, suggesting some traders are betting on a short-term ceiling. CYBR is 6.9% higher today at $50.95, thanks to some bullish attention from the Street


One of the leading gainers on the Nasdaq is Atmel Corporation (NASDAQ:ATML), on news the company is being purchased by Dialog Semiconductors for $4.6 billion. The microcontroller producer has now jumped 14.2% to $8.30. 

Another winner today is Pandora Media Inc (NYSE:P), which is near the top of the Big Board. Shares of the music streamer are 4.7% higher at $20.63 -- and earlier hit a new year-to-date high -- after being halted twice ahead of a favorable copyright ruling.


The CBOE Volatility Index (VIX) is 1.2%, or 5.4 points, lower, but found support right above the 20 level earlier today. 


Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.81, with puts nearly doubling calls. SPY was last seen 2.1 points, or 1.1%, higher, at $197.51.


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!



NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories

The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
Stocks Surge During Holiday-Shortened Week
Stocks chugged higher as the government responded to the coronavirus crisis with more funding
Bank Stocks Ease Investors Back Into Earnings Season
Bank stocks will kick off earnings season next week
The Top Lithium Play of 2020
Click to continue to advertiser's site.