Dow Jones Industrial Average Slumps as Oil Inventories Rise

2 Solar Stocks Stirring Analysts; Plus, the Big Biotech News

by Kirra Fedyszyn

Published on Dec 30, 2015 at 12:13 PM

The Dow Jones Industrial Average (DJIA) is in the red at midday, once again following oil lower. February crude futures were last seen off 3%, and back under the $37-per-barrel level, after the Energy Information Administration (EIA) said U.S. inventories increased by 2.6 million barrels, compared to an expected dip. Meanwhile, traders are considering a surprise 0.9% drop in pending home sales.

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


151230mmc

Barrick Gold Corporation (USA) (NYSE:ABX) is among the stocks with unusual option volume today, with puts crossing the tape at twice their average intraday rate. In fact, ABX's intraday put/call ratio of 1.72 is near the top of its annual range. This is a significant change of pace for the stock, which has accrued a 10-day call/put volume ratio of 17.81 -- higher than 86% of the past year's readings -- on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Today, the stock is down 3% at $7.36, as gold trades lower. 

Weight Watchers International, Inc. (NYSE:WTW) is among the top performers on the Big Board today, trading 14.8% higher at $22.23. After plummeting early in the year, the stock has been surging since Oprah Winfrey bought in, and today is rallying on a new Oprah-centered advertising campaign

151230wtw

Pep Boys - Manny Moe & Jack (NYSE:PBY) is trading 2.9% lower at $18.39, after Bridgestone withdrew its offer, finally ending the bidding war with Carl Icahn. The shares hit an eight-year high of $19.03 on Tuesday, but have pulled back below Icahn's bid of $18.50 per share. 
 
The CBOE Volatility Index (VIX) is 1 point, or 5.9%, higher at 17.03.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.34, with puts outnumbering calls. SPY was last seen down 0.5 point, or 0.2%, at $206.95.


a schaeffer's exclusive

PLAY TRENDS LIKE A PRO!

5 tips to leverage profits in this FREE insider report!


 
 

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 Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.
Bull Notes Keep Coming After FTSV Stock's Absurd Rally
FTSV has casually added 500% in two months
Beyond Meat Heads North of the Border
There's a lot of skepticism surrounding BYND shares
How to Capitalize on Growth Stocks Without Risking Overexposure
Click to continue to advertiser's site.