Dow Eyes Another Win as Tech Gains

AAPL shares are near the top of the Dow

by Josh Selway

Published on Sep 11, 2019 at 11:54 AM
Updated on Sep 11, 2019 at 12:04 PM

U.S. stocks are pushing higher today, putting the Dow Jones Industrial Average (DJI) on pace for a sixth straight win. The gains come after China released a list of U.S. goods that would be exempt from tariffs, while Wall Street is also reacting to President Donald Trump's tweets about interest rates and the Fed. The tech sector is one prominent area of strength today, with Apple (AAPL) near the top of the Dow, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are in positive territory, too.

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

midday market stats sept 11

One name seeing accelerated options trading today is Micron Technology, Inc. (NASDAQ:MU), as traders react to the equity's latest bull note. Calls are crossing at twice the expected rate, and volume has already surpassed the daily average. The September 50 and October 55 calls are most popular, with new positions opening at the latter. MU shares were last seen at $50.77, up 2.8% today.

One of the best stocks today is Aimmune Therapeutics Inc (NASDAQ:AIMT), after Food and Drug Administration (FDA) staffers reviewed the company's peanut allergy drug. The shares are trading up 12% at $24.70, making a big move past recent congestion near the 200-day moving average.

aimt stock price sept 11

GameStop Corp. (NYSE:GME) remains one of the worst stocks today after earnings, last seen 10.2% lower at $4.57. Still, GME shares have recovered some since their initial move out of the gate, bouncing from the $4 area, home to the 50-day moving average.

A Schaeffer's exclusive

TOP STOCK PICKS 2020

Access your FREE insider report before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Trend Minting Millionaires -- But Who Is Really Paying?
Porter Stansberry is making a concerning prediction.
Options Bulls, Analysts Unfazed by AMD's Mixed Earnings
AMD was overdue for bull notes anyway
Amazon Stock Lands Double Dose of Pre-Earnings Bull Notes
Amazon stock recently pulled back to its 50-day trendline
The Trend Minting Millionaires -- But Who Is Really Paying?
Porter Stansberry is making a concerning prediction.