tsla

Oil and Tariffs Send Stocks Sliding

July crude futures have fallen 3% today

Jun 15, 2018 at 12:08 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is down sharply at the halfway point, set for a fourth straight loss, as tariff fears weigh on large-cap stocks. A big drop in oil prices -- July-dated crude was last seen down 3% at $64.92 per barrel on concern the Organization of the Petroleum Exporting Countries (OPEC) and Russia will announce an output boost at next week's meeting -- is adding to the risk-off session, and the industrial and energy sectors are suffering the brunt of the effects. As such, the Dow and S&P 500 Index (SPX) are heading for weekly losses, though the tech-heavy Nasdaq Composite (IXIC) remains on pace for a fourth straight weekly win.

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

midday market stats june 15

One name seeing heavy options trading today is Dropbox Inc (NASDAQ:DBX), as the cloud stock extends yesterday's rally. At last check, DBX was trading up 4.8% at $37.85, tapping another record high of $39.63, and more than 21,000 calls have traded today -- nearly eight times the expected intraday pace. The 40 strike is in focus, with the July 40 and weekly 6/22 40-strike calls standing as the two most popular options today. Other traders are opening positions at the September 39 put.

Canada Goose Holdings Inc (NYSE:GOOS) is having a big day on the New York Stock Exchange, thanks to the apparel company's surprise quarterly profit, which was driven in part by online sales. GOOS stock was trading up 28% at $58.64, and earlier touched an all-time high of $59.40. The shares have climbed steadily since going public in March 2017 when they opened at $18, quickly overcoming a C-suite shake-up earlier this year.

On the other hand, Universal Display Corporation (NASDAQ:OLED) is sliding again amid reports Apple (AAPL) could use more LCD screens. OLED stock has dipped 7.4% to $91.30, breaching a short-term foothold atop the 50-day moving average. It's been less than a month since a different Apple rumor sent Universal Display stock soaring.

oled stock today

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.