China Investment Report Pressures Stocks

The Dow is outperforming the S&P and Nasdaq at midday

Sep 27, 2019 at 12:06 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) was eyeing a strong close to the week, thanks to confirmation that the U.S. and China are set to meet for trade talks next month. However, the blue-chip index has since pared the bulk of these earlier gains, after a Bloomberg News report suggested the Trump administration is considering limiting capital flows to China. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are solidly in the red, though, as semiconductor stocks weigh again due to weak guidance from Micron Technology (MU), the worst SPX performer today.

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

midday market stats sept 27

One name seeing unusual options volume today is Square Inc (NYSE:SQ), as weekly call traders try to play more short-term upside in the payments concern. Buy-to-open activity looks likely at the weekly 10/4 61-strike call, the most popular contract today, which would mean these traders see SQ shares rising further above the $61 mark through next Friday's close, when the contracts expire. The stock was last seen up 1.1% at $61.47, extending yesterday's upside.

Las Vegas Sands Corp. (NYSE:LVS) is outperforming today thanks to news the stock will be added to the SPX. But while LVS shares are trading 5.3% higher at $58.83, they topped out right at the 200-day moving average, suggesting the closely watched trendline could be acting as technical resistance, along with the 320-day moving average.

lvs stock sept 27

One of the worst stocks today is Progress Software Corp (NASDAQ:PRGS), last seen down 11.2% at $37.25. The company reported earnings after the close yesterday, and while earnings per share and revenue topped expectations, the current-quarter sales outlook disappointed. PRGS shares earlier hit their lowest point since before a late-March bull gap.


How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.