The DJIA is poised for a third straight session of gains, helped by dovish remarks from Atlanta Fed President Dennis Lockhart
The Dow Jones Industrial Average (DJIA) is clinging to modest gains today, putting it on track for a third straight daily win and its highest close of the year. Meanwhile, traders are digesting the latest round of bank earnings and a choppy day for oil prices -- with May-dated crude futures last seen 0.3% higher at $41.87 per barrel, ahead of this Sunday's highly anticipated meeting of global oil producers in Doha, Qatar. At the same time, stocks are reacting positively to Atlanta Fed President Dennis Lockhart's change of heart regarding an April interest-rate hike.
Continue reading for more on today's market -- and don't miss:
Among the names with unusual call volume is solar stock
SUNE, with the contracts crossing the tape at more than two times the normal intraday rate. From the looks of it, traders may be selling to close their now in-the-money April 0.50 calls, as the shares
blaze a trail higher on audit results. At last check, SUNE has advanced over 68% to flirt with $0.62.
Among the top performers on the Big Board is
3D Systems Corporation (NYSE:DDD), up 12.6% at $18.70. The 3-D printing stock is getting a huge lift from a
well-deserved bullish brokerage note.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 1.71, with puts easily outstripping calls. At last check, SPY is 0.3 point, or 0.1%, higher at $208.29.
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