Dow Up Triple Digits As Investors Digest Trump Infrastructure Plan

U.S. stocks are attempting to bounce back from their worst week in years

by Emma Duncan

Published on Feb 12, 2018 at 11:59 AM
Updated on Feb 12, 2018 at 1:33 PM

Stocks are enjoying a much-needed lift after their worst week in years, with the Dow Jones Industrial Average (DJI) starting the week up triple digits, thanks to a rally in tech and financial stocks. Cisco Systems (CSCO) and Apple (AAPL) are leading the Dow, with the former slated to report a earnings later this week. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also exhibiting healthy gains, as investors digest the Trump administration's infrastructure plan.

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

  • Analyst: Buy these 5 retail stocks.
  • The market-defying social media stock ripe for upgrades.
  • Plus, the credit card concern with unusual volume; a soaring steel stock; and Amazon's latest victim.

mmc chart 2

Among the stocks with unusual options volume today is MasterCard Inc (NYSE:MA), with more than 21,000 calls traded -- eight times what's typically seen at this point in the day. Most of today's action is attributable to sell-to-open activity at the February 170 call, according to Trade-Alert. At last check, MA stock was up 2% at $167.72, and touched a fresh record high of $177.11 on Feb. 2.

The top performer on the New York Stock Exchange today is steel stock TimkenSteel Corp (NYSE:TMST). Shares of TMST are soaring after the company received an upgrade from KeyBanc to "overweight" from "sector weight" this morning. At last check, TimkenSteel stock had gapped 12.5% higher to trade at $16.39.

TMST Daily Chart

One of the worst performers on the Nasdaq today is stamp seller Stamps.com Inc (NASDAQ:STMP), just days after e-commerce powerhouse Amazon (AMZN) announced that it will be testing a new shipping service in four cities. At last check, the shares of STMP were down 9% at $167.80, a more than 28% drop from their late-October highs.


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