The DJIA is clinging to a slim lead, as the upcoming "Brexit" vote and Janet Yellen's testimony keep stocks in check
The
Dow Jones Industrial Average (DJIA) is trading in a tight range today, with the
upcoming "Brexit" vote limiting stocks' upside. What's more, traders are listening closely to comments from Fed Chair Janet Yellen, who began her two-day testimony before Congress earlier. Yellen reiterated
her concern over Thursday's vote in the U.K., and said that amid an apparent slowdown in the labor market, the Fed's "cautious approach ... remains appropriate." Meanwhile, oil prices are falling, as
fresh reports out of Nigeria send July-dated crude futures down 2.1% at $48.35 per barrel.
Continue reading for more on today's market -- and don't miss:
Adobe Systems Incorporated (NASDAQ:ADBE) is among the stocks with unusual call volume, with the contracts crossing at four times the expected intraday rate ahead of the tech firm's earnings report, due after the close. This is far from unusual, though, as bullish options traders have been
targeting ADBE for weeks. The stock was last seen 0.6% higher at $98.60, just below its record high of $100.56 from last month.
Symantec Corporation (NASDAQ:SYMC) is outperforming on the Nasdaq once again, as the software stock seemingly can't be stopped following last week's
huge M&A news. SYMC surged to an annual high yesterday, thanks to a
bullish analyst note, and has added another 1.3% today to hit $20.74.
Conversely,
Viacom, Inc. (NASDAQ:VIAB) is one of the worst performers on the Nasdaq, despite
this morning's bullish analyst attention. VIAB was last seen 3.2% lower at $43.42, though the stock is holding above its year-to-date breakeven level.
The
CBOE Volatility Index (VIX) is up 0.1 point, or 0.3%, at 18.43.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 1.56, with puts outnumbering calls. The SPY is up 0.4 point, or 0.2%, at $208.29.
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