S&P, Nasdaq Set For First Loss of 2018

The major indexes are retreating from record highs

Jan 10, 2018 at 12:05 PM
facebook X logo linkedin


U.S. stocks are off their early morning lows, but the Dow Jones Industrial Average (DJI) is still trading firmly in negative territory. Investors continue to react to reports China may be rethinking its long-held strategy of buying U.S. debt, with the yield on the 10-year Treasury holding above the closely watched 2.5% level at last check. With the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) facing their first losing session of 2018 -- and set to snap six-day win streaks -- the CBOE Volatility Index (VIX) is eyeing its third straight positive finish and its highest close of the year.

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

  • 2 stocks soaring on blockchain buzz.
  • Another analyst pins trillion-dollar hopes on Amazon.
  • Plus, a big put trade on Ford; an airline stock on pace for an 8th straight weekly win; and a slumping semiconductor stock.

midday market stats january 10

Among the stocks with unusual options volume is automaker Ford Motor Company (NYSE:F). One trader earlier opened 15,270 March 12 puts, and if these contracts were bought to open, the bearish position would show expectations for F shares to fall below $12 this quarter. For reference, the car stock's average daily put volume is just 17,000. Ford was last seen trading down 0.3% at $13.04, slipping from yesterday's 52-week high of $13.22.

One of the best stocks on the New York Stock Exchange today is United Continental Holdings Inc (NYSE:UAL), as the company's upbeat business update was met with bullish analyst attention. UAL shares were last seen trading up 6.1% at $72.66, putting them on pace for an eighth straight weekly win.

united airlines stock chart

Over on the Nasdaq, Silicon Motion Technology Corp. (NASDAQ:SIMO) is getting buried just a day after the semiconductor stock hit a record high. SIMO shares have dropped 9.6% to trade at $51.02, which would mark their largest daily decline since October 2016. Still, they sport a year-over-year gain of 22.7%.

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI