Dow Jones Industrial Average Takes a Breather After Record Highs

3 Drugmakers Blasting Off

Jul 13, 2016 at 12:14 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) is lower as stocks take a breather, though the Dow and S&P 500 Index (SPX) once again reached new all-time highs earlier in the day. August-dated crude oil is down 4% at $44.94 per barrel, after an International Energy Agency (IEA) warning and a smaller-than-expected drop in weekly U.S. stockpiles. Ahead of the 2 p.m. ET release of the Fed's Beige Book, Dallas Fed President Robert Kaplan encouraged "slow, gradual, careful" actions on interest rate hikes, and said the central bank is "very sensitive" to the dollar's strength.

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

Midday Market Stats 071316

Among the stocks with unusual option volume is music streaming service Pandora Media Inc (NYSE:P), with contracts crossing at nine times their usual pace. The stock was last seen up 0.7% at $13.15, after some bullish brokerage notes.

Among the best performers on the New York Stock Exchange is healthcare IT provider Imprivata Inc (NYSE:IMPR), up 31.2% at $19.02, following news that the company is to be acquired by private equity firm Thoma Bravo for $544 million. IMPR is up over 68% year-to-date, with its 100-day moving average acting as a support level since late February.

IMPR 100 day

Medical device maker Avinger Inc (NYSE:AVGR) is among the worst performers on the Nasdaq today, down 40.4% at $6.82 -- and just off an all-time low of $6.51 -- after issuing a weak second-quarter revenue outlook and cutting its full-year guidance.     

The CBOE Volatility Index (VIX) is at breakeven, currently sitting at 13.55.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.75, with puts being brought to open at a faster clip than calls. SPY is down 0.2%, or 0.3 point, at $214.69, but earlier notched a record high of $215.45.

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


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI