Slumping Crude Oil, Caterpillar Weigh on Dow Jones Industrial Average

The Big Alzheimer's Breakthrough; Plus, A Key Apple Level

by Kirra Fedyszyn

Published on Apr 25, 2016 at 12:13 PM
Updated on Apr 25, 2016 at 12:17 PM

The Dow Jones Industrial Average (DJIA) is off triple digits at midday, falling in step with oil prices. Specifically, June-dated crude futures last seen down 1.4% at $43.14 per barrel, amid what some are speculating is a round of profit-taking following last week's lofty gains. Meanwhile, the Dow has surrendered its short-term foothold atop 18,000 -- led lower by a sharp drop for Caterpillar Inc. (NYSE:CAT). Traders are also digesting a third straight monthly decline in new homes sales for March, and looking ahead to this week's big central bank meetings.

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

Midday Market Stats April 25

FireEye Inc (NASDAQ:FEYE) is among the stocks with unusual options volume at midday. Contracts are crossing at 1.7 times the typical intraday pace so far, with calls outpacing puts by a nearly 3-to-1 ratio. The most active option is FEYE's weekly 4/29 19-stike call, where it looks as if some buy-to-open action is occurring. This heavy appetite for calls is just more of the same for FEYE, which is due to report earnings next week. At last check, the stock was up 1.4% at $18.20.

Among the top percentage gainers on the Nasdaq today is biotech stock Macrocure Ltd (NASDAQ:MCUR), which is up 73.4% at $1.88. While there is no apparent news boosting the stock, the day's upside could be driven by short sellers, considering the stock's short-interest-to-float ratio is docked at a significant 6.4.

Xerox Corp (NYSE:XRX) is among the biggest laggards on the Big Board, after first-quarter earnings fell shy of analysts' expectations, with low printer sales and a strong dollar weighing on the company's results. XRX was last seen down 12.4% at $9.73, and dropping below a key trendline for the first time since early March.

XRX Daily Chart

The CBOE Volatility Index (VIX) is up 1.4 points, or 10.7%, at 14.63.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.85, with puts nearly doubling calls. SPY was last seen down 1.1 points, or 0.5%, at $207.88.

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!


  
 

Partnercenter


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


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Spotify Stock Shaky as Amazon Eyes Podcasts
Amazon's interest in podcasts puts SPOT in focus
AZO Shifts Higher After Earnings
AutoZone's fiscal third-quarter results beat estimates
One New Company Looks Ready To Clean Up On China’s Lithium Mess
Click to continue to advertiser's site.