The DJIA is up triple digits, as stocks get a big boost from crude oil
The
Dow Jones Industrial Average (DJIA) is on track for its
second straight triple-digit gain, as
stocks continue to recover from last week's "Brexit" shake-up. Specifically, stocks are taking their cues from red-hot oil, with August-dated crude futures up 2.5% at $49.04 per barrel. Crude oil is picking up steam following a sharper-than-forecast drop in domestic weekly inventories, as well as supply disruptions in Venezuela and
Norway. Today's other economic data has come in mixed, with pending home sales suffering a steeper-than-expected slide, and consumer spending rising for a second straight month (and in line with estimates).
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Among the stocks with unusual option activity is blue chip
Nike Inc (NYSE:NKE), with intraday volume at seven times the norm. The stock is 1.1% higher at $53.68, shrugging off
negative post-earnings analyst attention. The most active strike is the out-of-the-money July 55 call, where International Securities Exchange (ISE) data confirms some buy-to-open activity.
Biotech
Esperion Therapeutics Inc (NASDAQ:ESPR) is the worst performer on the Nasdaq, dropping nearly 39% to $9.91 -- and earlier hitting a record low of $9.65. Weighing on the stock are
negative notes from the Food and Drug Administration (FDA) and the brokerage crowd.
Among the top gainers on the Nasdaq is drugmaker
Shire PLC (ADR) (NASDAQ:SHPG), thanks to
upbeat drug data. Currently, the stock has gained 4.8% to trade at $179.21.
The
CBOE Volatility Index (VIX) has dropped 2 points, or 10.6%, at 16.77.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 1.00, with puts and calls trading evenly. At last check, SPY has gained 2.4 points, or 1.2%, to sit at $205.57.
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