Dow Jones Industrial Average Tanks; Nasdaq's 2015 Gains In Jeopardy

Nasdaq Stares at YTD Loss; Plus, Could the VIX Impact the Fed?

by Josh Selway

Published on Sep 22, 2015 at 12:05 PM
Updated on Sep 22, 2015 at 12:14 PM

The Dow Jones Industrial Average (DJIA) has given back more than 250 points, amid lingering Fed-related uncertainty and a sell-off among commodities. Stocks are also taking a cue from their European peers, where automakers weighed on indexes in the wake of the Volkswagen emission scandal. The Nasdaq Composite (COMP), meanwhile, is once again taking the biggest hit, and is in danger of giving up its year-to-date lead.

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Among the stocks with notable call activity is Biogen Inc (NASDAQ:BIIB). The biotech sector was hammered yesterday after presidential candidate Hillary Clinton vowed to take on price gouging. The shares of BIIB are down another 1.7% at $292.20, but intraday call volume is running at 1.8 times the norm.

 

One of the leading gainers on the Big Board is Weatherford International Plc (NYSE:WFT), after the company decided not to proceed with its public offerings shares and notes. The oilfield services provider has surged 8% to $9.08. 

One of the top losers on the NYSE is Potash Corp./Saskatchewan (USA) (NYSE:POT). Shares of the fertilizer concern earlier hit a six-year low of $21.98, and were last seen 6.7% lower at $22.11, after sector peer MOS cut guidance on weak demand

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The CBOE Volatility Index (VIX) has added 3 points, or 14.9%, in what could be a sign of things to come

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.04, with puts more than doubling calls. The SPY was last seen 3.1 points, or 1.6%, lower at $193.36. 

 


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