Dow Jones Industrial Average Battles Higher as Oil Prices Tank

2 Auto Stocks on the Move; Plus, the Netflix Trendline to Watch

Apr 1, 2016 at 12:02 PM
facebook X logo linkedin


After starting the session trading cautiously lower, the Dow Jones Industrial Average (DJIA) has clawed its way into positive territory at midday -- even as oil prices continue to slide in the face of a stronger dollar. Specifically, May-dated crude futures are trading down 3.8% at $36.90 a barrel as the U.S. dollar edges higher against a basket of foreign rivals. Along with stocks, the greenback is catching a boost from this morning's nonfarm payrolls report, which showed the labor participation rate rising to a two-year peak of 63% -- leading to increased expectations for a possible Fed rate hike at the central bank's June meeting.

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

160401MMC

American Airlines Group Inc (NASDAQ:AAL) is among the stocks with unusual option volume at midday. The airline stock is seeing contracts cross at three times their typical intraday clip -- and calls are nearly tripling puts, with about 26,000 traded so far. The most active AAL option today is the soon-to-expire weekly 4/1 39-strike call, where more than 4,600 contracts have changed hands. The stock is down 3.4% at $39.63 after a bearish note from Deutsche Bank -- which also took a swing at a few of AAL's sector peers.

Regeneron Pharmaceuticals Inc (NASDAQ:REGN) is among the top performers on the Nasdaq at midday, thanks to positive results in two Phase 3 trials of its experimental eczema drug. REGN is up 10.1% at $396.91, and mounting a serious challenge of resistance at its 40-day moving average -- a trendline the shares haven't surmounted on a closing basis since mid-December. 


160401_regn

Among the worst performers on the Nasdaq, meanwhile, is BlackBerry Ltd (NASDAQ:BBRY). The phone maker is off 7.2% at $7.51 after reporting disappointing fourth-quarter revenue.

The 
CBOE Volatility Index (VIX) is down 0.1 point, or 0.6%, at 13.87.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.78, with puts nearly doubling calls. SPY was last seen up 0.21 point, or 0.1%, at $205.77.
 

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