Dow Jones Industrial Average Closes In On Monthly Gain

Will Fitbit "Dominate" the Holiday Season?

by Alex Eppstein

Published on Nov 30, 2015 at 12:03 PM

While Cyber Monday is generating a lot of buzz -- and wreaking havoc on retail websites -- the impact hasn't been felt on the Dow Jones Industrial Average (DJIA), which was last seen modestly lower. Nonetheless, the blue-chip barometer -- as well as the broader S&P 500 Index (SPX) and tech-centric Nasdaq Composite (COMP) -- remains on track to post a monthly gain.

Meanwhile, traders are digesting a sharp drop in the Chicago purchasing managers index (PMI), and a weaker-than-forecast rise in pending home sales, ahead of Friday's nonfarm payrolls report. Also, crude futures are rallying ahead of the Organization of the Petroleum Exporting Countries' (OPEC) Friday meeting, with the January contract up 1.5% at $42.35 per barrel.

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

 


151130mmc

Among the stocks with notable option activity is tech issue Infoblox Inc (NYSE:BLOX), as puts are trading at 113 times the expected intraday clip (though the stock is no stranger to bearish attention). At last check, the stock is off 0.9% at $14.84 ahead of tonight's earnings report. The most active BLOX strike is the December 15 put, where nearly 3,300 contracts are on the tape.

Among the noteworthy losers on the Nasdaq is Sohu.com Inc (NASDAQ:SOHU), down 5.1% at $48.92 due to a bearish note from Goldman Sachs -- which weighed in on several China-based Internet stocks. Specifically, the brokerage dropped its rating on SOHU to "sell" from "neutral," and cut its price target to $48.

151130sohu

One of the biggest gainers on the Nasdaq is biopharmaceutical company Anavex Life Sciences Corp. (NASDAQ:AVXL), up 32% at $7.91. Boosting the stock is an encouraging study on its ANAVEX 3-71 drug, which was found to "enhance neuroprotection and cognition" in Alzheimer's disease models -- and may be close to its first human clinical trial.

The CBOE Volatility Index (VIX) is up 1.3 points, or 8.9%, at 16.46. 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.95, with puts nearly doubling calls. At last check, SPY is off 0.4% at $208.77.


A Schaeffer's exclusive!

The Expert's Guide

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


 
 

Partnercenter


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.
TSCO Rolls Out Preliminary Q1 Update, Withdraws Full-Year Forecast
Tractor Supply Company's preliminary first-quarter sales update beat analysts' estimates
Puts Popular as GM Stock Rallies
GM puts are all the rage lately
The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.