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

3 Reasons Silver is Shining; Plus, Netflix Tanks

Apr 19, 2016 at 12:02 PM
facebook X logo linkedin

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

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI