AAL

Dow Jones Industrial Average, S&P, and Nasdaq Smash Records Again

This Cable Stock Could Triple; Plus, The Apple Supplier Headed to $200

Dec 9, 2016 at 11:56 AM
facebook X logo linkedin


The good times keep rolling for the Dow Jones Industrial Average (DJIA)S&P 500 Index (SPX), and Nasdaq Composite (COMP), each index fresh off a record high. In fact, the Dow and its peers have all advanced in every session this week, despite expectations the Fed will hike interest rates next Wednesday. With stocks red-hot, confidence is on the rise, as the Thomson Reuters/University of Michigan consumer sentiment survey reached its highest perch since January 2015. Adding to the optimism, oil prices keep rising, with January-dated crude futures tacking on 1% at $51.37 per barrel.

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

midday market stats dec 9

Among the stocks with unusual option volume at midday is Las Vegas Sands Corp. (NYSE:LVS), with the contracts running at triple the expected intraday pace. Traders may be buying to open the weekly 12/30 60-strike call. At last check, the casino shares are 3.3% higher at $56.45, thanks to a timely clarification out of Macau.

One of the biggest losers on the New York Stock Exchange (NYSE) is Restoration Hardware Holdings Inc (NYSE:RH). The retail stock is down 16.4% at $32.61 on weak current-quarter guidance.

rh daily dec 9

Among the leading decliners on the Nasdaq is Sears Holdings Corp (NASDAQ:SHLD), down 6.4% at $11.94. The embattled shares shook off a disappointing earnings report yesterday for a solid gain, but it now looks like that progress will be wiped out.

The CBOE Volatility Index (VIX) is down 0.5 point, or 3.7%, at $12.17.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 0.96, with puts and calls trading near parity. At last check, SPY has advanced 0.7 point, or 0.3%, at $225.86 -- and is fresh off a record $226.02.

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

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.