Dow Jones Industrial Average Fights for 6th Weekly Win; S&P Slips

2 Bank Stocks in Danger of Downgrades

Dec 16, 2016 at 11:56 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) has spent most of the session in the green, edging closer to the 20,000 millennium level and a sixth consecutive weekly win. Beyond the Dow, however, the broader-market picture is mixed, as both the S&P 500 Index (SPX) and Nasdaq Composite (COMP) are trading slightly lower at midday. Drilling deeper, real estate stocks are the top performing sector, brushing off some downbeat housing data. Meanwhile, crude oil prices are trading higher, with January-dated crude futures recovering from early weakness to gain 1.4% at $51.60 per barrel.

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

midday market stats dec 16

Among the stocks with unusual call volume at midday is Dunkin Brands Group Inc (NASDAQ:DNKN), with the contracts trading at 29 times the usual intraday rate. Eleventh-hour bulls are buying to open the at-the-money December 55 call amid unconfirmed M&A chatter, per Trade-Alert. Currently, DNKN stock is 2.8% higher at $55.07, and fresh off an annual peak of $56.13.

One of the poorest performers on the New York Stock Exchange (NYSE) is Weight Watchers International, Inc. (NYSE:WTW), dropping 5.9% to trade at $10.11. The stock is sliding on this bearish note from Morgan Stanley, which predicted a move to annual lows.

wtw daily dec 16

On the Nasdaq, the top performer today is Evoke Pharma Inc (NASDAQ:EVOK), thanks to a big FDA win. Currently, shares of the drugmaker are up over 60% at $2.31 -- the stock's biggest intraday percentage gain since late July.

The CBOE Volatility Index (VIX) is down 0.3 point, or 2.2%, at 12.51.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.19, with puts edging out calls. At last check, SPY is off less than 0.1 point at $225.40.

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