The DJIA has advanced 220 points, thanks to MCD earnings and comments from ECB President Mario Draghi
The
Dow Jones Industrial Average (DJIA) is firing on all cylinders, up triple digits on the
European Central Bank's (ECB) rate decision and President Mario Draghi's subsequent comments -- which communicated the ECB's openness to further stimulus measures. Meanwhile, blue chip McDonald's Corporation (NYSE:MCD) is providing a huge upside catalyst, surging 7% --
and to record highs -- on an earnings beat, with several mega-caps
set to report tonight. Traders are also digesting an upbeat round of data, with existing home sales rising more than expected and weekly jobless claims edging higher -- but registering below the consensus estimate.
Continue reading for more on today's market -- and don't miss:
- Schaeffer's contributor Adam Warner looks at one group of traders likely experiencing buyer's remorse.
- Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is continuing to collapse, but losses at this sector peer are just as bad.
- Plus ... Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust SPY, and other noteworthy stats at midday.
Among the stocks with notable call activity is Lululemon Athletica inc. (NASDAQ:LULU), with the contracts crossing at five times the expected intraday rate. Shares of the yoga apparel peddler are down 2.7% at $50.60, following a bearish note at UBS and a major organizational shuffle. Diving deeper, it looks like LULU's out-of-the-money December 52.50 call is seeing buy-to-open activity.
One of the Nasdaq's top performers is Internet marketplace eBay Inc (NASDAQ:EBAY), fresh off an earnings beat and a round of bullish brokerage notes. At last check, the stock is 11.3% higher at $26.94.
Among the worst-performing stocks on the Nasdaq is Endo International plc (NASDAQ:ENDP), with shares of the drugmaker down 9.1% at $49.53 -- following the lead of VRX. Also, ENDP earlier panned a nearly two-year low of $48.90.
The CBOE Volatility Index (VIX) is down 1.4 points, or 8.6%, at 15.27.
Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.96, with puts nearly doubling calls. SPY was last seen 2.9 points, or 1.4%, higher, at $204.76.