Dow Jones Industrial Average Swings Lower on Crude Oil

The Cloud Stock Burning Shorts; Plus, Jack Dorsey's Bad Day

Mar 10, 2016 at 11:58 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) started fast out of the gate, adding more than 100 points as stocks reacted positively to the European Central Bank's (ECB) massive stimulus announcement. However, the Dow has since reversed lower after ECB President Mario Draghi said he doesn't "anticipate it will be necessary to reduce rates further," and amid a decline in oil prices. Specifically, April-dated crude futures were last seen trading down 2.4% at $37.39 per barrel, after a scheduled meeting among oil producers was reportedly called off. Meanwhile, on the data front, jobless claims fell more than expected last week to their lowest level since October.

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

160310mmc


Among today's stocks with unusual option volume is alternative energy issue Plug Power Inc (NASDAQ:PLUG), with the contracts running at six times the normal intraday rate. In the lead is the January 2017 2-strike call, where a 1,000-contract block was purchased earlier. PLUG is currently up over 9% at $2.08 on better-than-expected fourth-quarter revenue -- helping the stock overcome its recent post-earnings struggles.

Freshpet Inc (NASDAQ:FRPT) is one of top gainers on the Nasdaq, up 6.5% at $7.50. Boosting the pet food peddler, and helping it offset mixed brokerage notes, is a strong showing in the earnings confessional.

160310frpt

One of the worst performers on the Nasdaq is alternative energy stock Canadian Solar Inc. (NASDAQ:CSIQ), following a weaker-than-expected revenue forecast. At last check, the shares are down 11.5% at $19.26.

The CBOE Volatility Index (VIX) is up 0.2 point, or 1.1%, at 18.54.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.53, with puts easily outstripping calls. At last check, SPY is down 0.7 point, or 0.4%, at $198.65.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI