Dow Jones Industrial Average Storms 184 Points Higher; Nike Hits Record

The Real iPhone Winners Are...

by Josh Selway

Published on Sep 25, 2015 at 12:07 PM

After three straight losing sessions, the Dow Jones Industrial Average (DJIA) is making a strong end-of-week push, erasing its week-to-date deficit. Leading the way is Nike Inc (NYSE:NKE), which has soared to record highs after its impressive earnings results. Traders are also weighing last night's relatively hawkish comments from Fed Chair Janet Yellen, as well as an automaker-led rebound overseas. Meanwhile, the final second-quarter gross domestic product (GDP) reading was upwardly revised, while short-term bond yields skyrocketed on the surprising news House Speaker John Boehner will resign at the end of October. 

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



Among the stocks with notable put activity is casino concern Wynn Resorts, Limited (NASDAQ:WYNN). The contracts are changing hands at 1.5 times the average intraday pace. It appears traders are taking a short-term approach, with eight of the stock's 10 most popular options belonging to the weekly 9/25 series, which expires today. At last check, WYNN was down 1% at $59.25 -- which shouldn't be surprising -- and just off a five-year low of $58.18.

One of the top gainers on the Nasdaq is biotech Bellerophon Therapeutics Inc (NASDAQ:BLPH)​. Thanks to a shot of positive drug-related news, the shares are 78.1% higher at $6.63, but still roughly 50% south of their all-time high. Today's bull gap has BLPH above its 40-day moving average, which had been acting as stiff resistance for the past few months. 


One of the biggest losers on the Big Board is retailer Pier 1 Imports Inc (NYSE:PIR), after the company reported disappointing quarterly numbers and lowered its guidance. The shares earlier hit a five-year low of $6.84, and were last seen down 18.1% at $7.10. 

The CBOE Volatility Index (VIX) is off 1.6 points, or 6.6%, and is in danger of ending the week in negative territory. 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.74, with puts nearly doubling calls. SPY was last seen 1.7 points, or 0.9%, higher at $194.60. 

A Schaeffer's exclusive


Access your FREE insider report 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

IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.
Ulta Stock Moves Lower on New Coronavirus Measures
Ulta has closed all of its stores until further notice
Johnson & Johnson Stock Scaling Dow After COVID-19 Vaccine Update
Johnson & Johnson hopes to have 1 billion doses available by early 2021
IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.