Dow Jones Industrial Average Clings to Lead; S&P Eyes 2,100

3 Reasons Silver is Shining; Plus, Netflix Tanks

by Alex Eppstein

Published on Apr 19, 2016 at 12:02 PM

The Dow Jones Industrial Average (DJIA) is sitting higher and on track for its loftiest close since July, thanks to an overseas rally and a bounce in oil prices. Specifically, May-dated crude futures were last seen 3.9% higher at $41.34 per barrel. Also acting as a positive catalyst for the Dow are a pair of well-received earnings reports, which are helping to offset International Business Machines Corp.'s (NYSE:IBM) earnings flop. Looking beyond blue chips, large-cap stocks are performing well, as the broader S&P 500 Index (SPX) earlier topped the round 2,100 level for the first time since Dec. 2.

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

Midday Market Stats April 19

Among the stocks with unusual option volume is Citrix Systems, Inc. (NASDAQ:CTXS), as the contracts are running at 20 times the intraday norm ahead of tomorrow night's earnings report. Accounting for nearly all of the activity is a long strangle being initiated at the May 75 put and 85 call, totaling 4,500 contracts. At last check, CTXS is 1.5% lower at $80.16.

One of the biggest gainers on the Nasdaq is biotech Heron Therapeutics Inc (NASDAQ:HRTX), up 4.3% at $22.41. Boosting the stock is a bullish note from U.S. regulators.

HRTX daily chart

Illumina, Inc. (NASDAQ:ILMN) is one of the leading losers on the Nasdaq, surrendering roughly one-quarter of its value to trade at $133.92. The genetic specialist's lackluster first-quarter revenue is one of the stock's negative catalysts, together with a round of downbeat brokerage notes.

CBOE Volatility Index (VIX) is up 0.3 point, or 2%, at 13.61.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.43, with puts outweighing calls. SPY was last seen up 0.1 point at $209.31. 

Find out where the Dow lands right after the closing bell. Sign up now for Schaeffer's Market Recap

A Schaeffer's exclusive!

The Expert's Guide

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



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

Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
First Week in April Provides More Coronavirus-Related Volatility
A slew of coronavirus-related news sent markets on another weekly roller coaster ride
Netflix Stock Heading into Historically Bullish Quarter
NFLX's 10-day moving average has stepped up as support lately
Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.