Major Indexes Eye Fourth Straight Daily Loss

The Dow is down more than 200 points

Managing Editor
Mar 7, 2019 at 12:02 PM
facebook twitter linkedin


U.S. markets are being weighed down by a downwardly revised economic growth forecast from the European Central Bank (ECB), which also unveiled a new stimulus plan and said it doesn't expect to hike interest rates until 2020. ECB President Mario Draghi warned of a "period of continued weakness and pervasive uncertainty." As such, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all in the red and pacing for a fourth straight day of losses.

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

  • The retailer unraveling on an earnings miss.
  • FAANG tailwinds could boost this tech stock, according to analysts.
  • Plus, Kroger stock's massive earnings blow; the top stock on the NYSE; and one of Nasdaq's worst performers.

Midday Market Stats March 7

Kroger Co (NYSE:KR) is sporting unusual options volume today, after the grocery chain issued a disappointing full-year outlook. So far, 31,000 calls and 51,000 puts have crossed the tape -- 15 times the expected rate. Most active is the April 23 put, where just over 22,000 contracts have traded. KR is down 10% at $25.49, pacing toward its lowest close since June 2018.

Rosetta Stone Inc (NYSE:RST) is at the top of the New York Stock Exchange (NYSE) this afternoon, after the company reported an impressive fourth-quarter revenue beat. The shares surged to a fresh eight-year high of $22, and were last seen up more than 30% at $20.95. Today's bull gap pushed the stock back above the 160-day moving average, and to a year-over-year surplus of roughly 46%.

Daily RST Since March with 160MA

Near the bottom of the Nasdaq today is Baozun Inc (NASDAQ:BZUN). Shares of the Chinese e-commerce firm are still reeling from yesterday's fourth-quarter profit miss. BZUN is now 8% lower to trade at $35.77, testing its 20-day moving average.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 

300x250 - Banner 3 - v1