Dow Jones Industrial Average Down 138, Surrenders April Gains

3 Stocks Sitting Out the Sell-Off; Plus, Why Valeant Was Halted

by Kirra Fedyszyn

Published on Apr 29, 2016 at 12:08 PM

The Dow Jones Industrial Average (DJIA) is poised to end the week and the month in the red, with big losses from blue-chip stocks Wal-Mart Stores, Inc. (NYSE:WMT), Intel Corporation (NASDAQ:INTC), and Apple Inc. (NASDAQ:AAPL), among others, dragging the index to a triple-digit loss. Oil prices have erased their early gains, with June crude futures down 1.3% at $45.47 per barrel, and lackluster earnings and economic data are also weighing on stocks. 

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

Midday Market Stats April 29

Among the stocks with unusual options volume at midday is Barrick Gold Corporation (USA) (NYSE:ABX), where calls are changing hands at five times the typical intraday pace. Amid a rally in gold futures, the equity shot up 6.7% to a new annual high of $18.73, bringing its 2016 gains to a staggering 153% -- and it appears options traders are looking for even more upside. The most active option so far is ABX's June 22 call, where likely buy-to-open action has been spotted. 

Pandora Media Inc (NYSE:P) is one of the top performers on the New York Stock Exchange after the company's first-quarter earnings topped estimates, bringing price-target hikes from no fewer than five brokerages. The shares are up 4.8% at $9.89, and staring up at their 100-day moving average, which has served as resistance for the past six months.

P Daily Chart

Natural gas interest Golar LNG Limited (USA) (NASDAQ:GLNG) is one of the worst performers on the Nasdaq, meanwhile, down 20.7% at $17.13 after talks with oil firms broke down. GLNG has given up more than half of its value year-over-year, and today the security's options pits are on fire.

The 
CBOE Volatility Index (VIX) has added 1.3 points, or 8.5%, at 16.52.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.53, with puts significantly outnumbering calls. SPY was last seen down 2.1 points, or 1%, at $205.33.

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

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report 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


The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
Wall Street Roars Higher Amid Civil Unrest
Investors weighed a mixed bag of jobs data
AstraZeneca Stock Flat Despite COVID-19 Vaccine News
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidate
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.