McDonald's, Disney Boost Dow; Energy Stocks Lift S&P

The Nasdaq has edged into positive territory, too

Managing Editor
Sep 25, 2018 at 12:02 PM
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U.S. stocks are trading modestly higher at midday, with the Dow Jones Industrial Average (DJI) outperforming on strong sessions for McDonald's (MDC) and Walt Disney (DIS). Traders are also digesting a mixed batch of economic data, with home prices rising at their slowest pace since last summer in July, while consumer confidence hit an 18-year high in September. The S&P 500 Index (SPX) has edged into positive territory, too, as energy shares get a lift from rising oil prices, with November-dated crude futures up 0.1% at $72.14 per barrel.

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

Midday Market Stats Sept 25

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is sporting unusual options volume today, with 11,000 puts -- compared to 1,100 calls -- on the tape so far, five times the average intraday pace. TTWO is up 0.5% at $135.52, at last check, continuing to bounce from the supportive 30-day moving average. The video game stock recently touched a record high of $138.65 on Aug. 30, and has picked up 23% year-to-date.

Daily Chart of TTWO with 30MA

Investors Real Estate Trust (NYSE:IRET) is making strides this afternoon, after Baird upgraded the REIT to "outperform" from "neutral." The bull note has sent the shares 4.7% higher to $5.84, though the rally is being contained by the Sept. 11 post-earnings multi-month peak at $5.85. The stock has recently benefited from support at its 120-day moving average, and over the past six months has gained 14%. 

One of today's worst performers on the Nasdaq is TG Therapeutics Inc (NASDAQ:TGTX), after the company dropped plans to seek fast-track approval for its leukemia drug. TGTX has gapped 35.4% lower to $5.98 -- earlier hitting a new annual low of $5.80, and quickly landing on the short-sale restricted list -- and extending its year-over-year deficit to 50%. 

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