Dow Rises Triple Digits on Boeing Bounce, Durable Goods Data

Traders are also awaiting another Brexit vote in the U.K.

Managing Editor
Mar 13, 2019 at 12:09 PM
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The Dow Jones Industrial Average (DJI) is notably higher this afternoon, last seen up 200 points, as the blue-chip index rebounds in step with Boeing (BA). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both higher as well -- with the former north of the key 2,800 level -- as traders continue to cheer January's strong durable goods data. Wall Street is also watching a strong showing from tech stocks, and investors seem optimistic ahead of another round of Brexit votes.

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

Midday Market Stats March 13

AK Steel Holding Corporation (NYSE:AKS) is sporting unusual put volume today, though the driver is unknown. So far, 24,000 puts have crossed the tape -- 12 times the average intraday rate -- compared to fewer than 2,000 AKS calls. The March 4 and June 4 puts are most active, with Trade-Alert pointing to a potential roll of bearish bets. At last check, AKS is up 0.7% at $2.84. 

Comfortably at the top of the New York Stock Exchange (NYSE) is Oaktree Capital Group LLC (NYSE:OAK), after Brookfield Asset Management (BAM) said it will buy a 62% stake in the firm. OAK is up 11.7% at $48.94 in afternoon trading, fresh off a three-year high of $49.61.

In the bottom spot on the NYSE is Navios Maritime Holdings Inc. (NYSE:NM), though the catalyst remains unclear. NM stock is set to snap a four-day winning streak, and yesterday ended atop its 80-day moving average for the first time since August. Today, however, NM is back below this trendline, down 22.2% at $2.16.

Daily NM with 80MA Since March 2018

 

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