Dow Jones Industrial Average Drops With Oil

3 Stocks Making Huge Moves; Plus, the Tech Name Plunging on 'Slowing Demand'

Jul 28, 2016 at 12:23 PM

COMP
SPX
VIX
SPY
INFN
GRPN
FB
F
DJIA
BA

The Dow Jones Industrial Average (DJIA) is on pace to notch its fourth straight loss, as traders react to mixed earnings, disappointing economic data, and sinking oil prices. While an earnings beat by Facebook Inc (NASDAQ:FB) is helping the Nasdaq Composite (COMP) outperform (again), the S&P 500 Index (SPX) is being weighed down by a Ford Motor Company (NYSE:F) earnings miss. Boeing Co (NYSE:BA) is the biggest loser of the Dow components, retreating on concerns about 747 production, and energy stocks are also weighing on the index. September-dated crude futures are down 1.5% at $41.29 per barrel -- a three-month low -- on oversupply fears.

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

The tech stock plummeting on "signs of slowing demand."
3 stocks making huge moves after earnings
Plus ... Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.

Midday mkt stats 072816

Among the stocks with unusual option volume is Ford Motor Company (NYSE:F), with puts trading at 12 times the usual intraday clip after this morning's earnings release. F's weekly 8/5 12.50-strike put is the most active option, with most of the activity being of the buy-to-open variety and tied to shares, according to Trade-Alert. F was last seen down 9.9% at $12.47.

Discount retailer Groupon Inc (NYSE:GRPN) is among the best performers on the New York Stock Exchange today, after delivering better-than-expected earnings and upwardly revising its full-year forecast. GRPN is up 22% at $4.61, and is set to close above its 80-week moving average for the first time since April 2014.

GRPN 80 week 072816

Tech stock Infinera Corp. (NASDAQ:INFN) is among the worst performers on the Nasdaq today, currently on the short sale restricted list. INFN is down 33.7% at $8.30 -- and earlier hit a two-year low of $8.20 -- after issuing a lackluster forecast and being hit with a round of bearish brokerage notes.

The CBOE Volatility Index (VIX) is up 3.3%, or 0.4 point, at 13.25.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 0.51, with calls more than doubling puts. SPY is down 0.2%, or 0.4 point, at $216.08.

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