Dow Jones Industrial Average Eyes Longest Monthly Win Streak in Decades

Goldman Sachs and Apple stocks are sending the Dow lower at midday

Managing Editor
Dec 29, 2017 at 11:59 AM
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U.S. stocks are trading lower at midday, quickly reversing early gains. More specifically, the Dow can accredit most of its losses to Goldman Sachs (GS) and Apple (AAPL) stocks, the latter of which is lower after the company apologized for slowing older iPhones. The major market indexes are still pacing for their best year since 2013, however, with the Dow eyeing its longest monthly win streak in nearly 60 years.

Continue reading for more on today's market, including:

  • The Trump tweet targeting this FAANG stock.
  • Analyst: Chipotle stock could fall another 18%.
  • Plus, the Citron tweet rocking one tech stock; Gain Capital touches fresh highs; and Live Ventures' big dip.

Midday Market Stats Dec 29

Among the stocks with unusual options volume is tech developer Energous Corporation (NASDAQ:WATT), with roughly 13,000 puts traded -- 13 times the average intraday norm, and pacing for the 100th percentile of its annual range. The January 2018 25 put is the most active for WATT. At last check, Energous stock -- which touched a record high of $33.50 just yesterday -- was down 18.8% to trade at $25.64, after being the subject of a negative tweet from Citron Research.

The top performer on the New York Stock Exchange (NYSE) is Gain Capital Holdings Inc (NYSE:GCAP). The investment banking stock was last seen up 16% to trade at $11.41, and is just off a fresh four-year high of $13.26, still soaring after a bullish Mox report. GCAP stock has picked up an impressive 75% in the past three months alone.

Daily Chart of GCAP Since Jan 2017

One of the worst performers on Nasdaq is Live Ventures Inc (NASDAQ:LIVE). LIVE stock has dipped 15.3% to trade at $16.75, pulling back after surging yesterday on well-received full-year revenue. Despite this fresh loss, LIVE is still up an impressive 22% on the week.

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