The S&P and Nasdaq are pacing for a sixth straight win
Stocks are once again pushing higher, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all hitting record highs. The risk-on approach comes despite a rather quiet day for economic data, though auto stocks are reacting to the latest monthly sales data. Overall, the Dow is on pace for a fifth straight win, while the S&P and Nasdaq are set to extend their win streaks to six.
Continue reading for more on today's market, including:
- The penny stock soaring on FDA hopes.
- Analyst: General Motors stock could rally another 36%.
- Plus, the airline stock pushing higher; a rebounding shipping name; and a big Nasdaq loser.
Among the stocks with unusual options volume is airline company JetBlue Airways Corporation (NASDAQ:JBLU). The airline stock has seen nearly 9,700 call options traded -- 12 times its average intraday volume – and is on pace to hit the 97th percentile of its annual range. The November 20 and October 18 calls are most popular, with more than 6,000 total contracts exchanged between the two. At last check, JBLU was trading up 5.2% at $19.41 -- on pace to end atop its 20-day moving average for the first time since late July -- as airline stocks rally in the wake of upbeat monthly data from Delta Air Lines (DAL).
Among the top stocks on the New York Stock Exchange (NYSE) today is Diana Shipping Inc. (NYSE:DSX). The shares are up 6.1% at $3.87, but have spent most of 2017 range-bound between $3.50 and $4.40.
The worst stock on the Nasdaq is Tile Shop Holdings Inc. (NASDAQ:TTS). The shares are down 37.1% at $8.30 – a fresh two-year low -- after the firm provided weak third-quarter sales estimates and pulled its full-year guidance. It's the second bear gap for TTS stock in three months, and brings its year-to-date loss to more than 57%.