The DJIA is up triple digits, as crude futures climb to their highest level in seven months
The
Dow Jones Industrial Average (DJIA) is up triple digits at midday -- and hovering near its intraday highs -- as crude futures soar to levels not seen in seven months. At last check, July-dated oil prices were up 0.5% at $48.87 per barrel, after the Energy Information Administration (EIA) said domestic crude supplies dropped 4.2 million barrels last week. Stocks are also reacting to
another big rally in bank shares -- with financial firm Goldman Sachs Group Inc (NYSE:GS) outperforming its fellow Dow components -- as
rate-hike chatter swirls ahead of Friday's highly anticipated speech from Fed Chair Janet Yellen.
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Among the stocks with unusual options volume is
Hewlett Packard Enterprise Co (NYSE:HPE), with the contracts crossing at seven times the average intraday pace. The tech stock is up 9.5% at $17.79, after
its new venture was met with applause from analysts. Options traders, meanwhile, appear to be selling to close their now in-the-money June 17 calls, according to data from the International Securities Exchange (ISE).
Energy stock
Bonanza Creek Energy Inc (NYSE:BCEI) is one of the biggest gainers on the New York Stock Exchange (NYSE). The stock tumbled out of the gate after receiving
a pair of negative analyst notes, but has swung 26.4% higher to $2.60, as oil prices surge.

Express, Inc. (NYSE:EXPR) is one of the biggest decliners on the NYSE, down 11.2% at $14.23 -- and fresh off an annual low of $13.25 -- and on track for its biggest intraday percentage decline since December 2013. To the
assumed delight of short sellers, the retailer reported a first-quarter earnings miss and offered up uninspiring guidance.
The
CBOE Volatility Index (VIX) is down 0.6 point, or 3.9%, at 13.86.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 0.93, with calls having the rare edge over puts. SPY is up 1.5 points, or 0.7%, at $209.35.
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