Dow Jones Industrial Average, S&P Hit New Highs

3 Tech Stocks Under Bearish Fire

by Celeste Taylor

Published on Jul 11, 2016 at 12:17 PM
Updated on Jul 11, 2016 at 12:21 PM

The Dow Jones Industrial Average (DJIA) is flirting with triple-digit gains, crossing the 18,200 level to touch a new annual high. Stocks continue to react to Friday's upbeat jobs data, while Japan's election results have sparked expectations for a fresh round of stimulus overseas. Elsewhere, kicking off a week chock-full of Fed speeches, Kansas City Fed President Esther George said the U.S. economy was "resilient." Not to be outdone, the S&P 500 Index (SPX) broke into all-time-high territory -- tagging 2,141.22 earlier -- as earnings season prepares to ramp up.

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

MidDay Market Stats 071116

Among the stocks with unusual call volume is finance stock Huntington Bancshares Incorporated (NASDAQ:HBAN), with the contracts crossing at 44 times their usual pace. At last check, the stock was up 1.6% at $8.85 after an analyst upgrade, and it looks like options traders are purchasing new positions at HBAN's January 2017 8-strike call.

Among the best performers on the Nasdaq is biopreservation specialist BioLife Solutions Inc (NASDAQ:BLFS), up 77.1% at $2.71, after announcing a 10-year supply agreement with biotech stock Kite Pharma Inc (NASDAQ:KITE).

Body camera stock Digital Ally, Inc. (NASDAQ:DGLY) is among the worst performers on the Nasdaq today, down 7.8% at $6.17. The stock skyrocketed on Friday following a fatal police shooting in Dallas, putting the shares above their 200-day moving average for the first time in a year. Separately, the firm said it has filed a patent infringement suit against Enforcement Video, LLC.

DGLY 200 day moving average chart 071116

The CBOE Volatility Index (VIX) is up 0.8%, or 0.1 point, to 13.30.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 0.87, with calls having a rare edge over puts. SPY is up 1.1 points, or 0.5%, at $213.72.

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!



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

With This Lithium Stock, It Will Be Better to Be Too Early Than Too Late
Click to continue to advertiser's site.
American Airlines Drops on Jobs Update
American Airlines said it will reduce management and support staff by 30%
June Kicks Off With Slew of Economic Data
June begins with another round of retail earnings
With This Lithium Stock, It Will Be Better to Be Too Early Than Too Late
Click to continue to advertiser's site.