Nasdaq Locks in Yet Another Record High

The Dow is giving up some of its earlier gains

by Lillian Currens

Published on Jul 2, 2020 at 12:00 PM
Updated on Jul 2, 2020 at 12:18 PM

The Dow Jones Industrial Average (DJI) is scaling back its early mornings wins by midday, but is still up roughly 200 points. The S&P 500 (SPX) is modestly higher at the midway mark, too, as news of a major spike in coronavirus cases in Florida attempts to cast a shadow over this morning's impressive jobs data. Meanwhile, the Nasdaq Composite (IXIC) is trading at record highs today, set to lock in its fourth consecutive win and best week since early May. Wall Street's "fear gauge" the Cboe Market Volatility Index (VIX), on the other hand, is continuing its slide, ready to clock its fourth-straight daily loss and its biggest one-week drop in nearly two months. 

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

  • How a new spike in coronavirus cases is affecting fast food. 
  • The skincare stock analysts are paying attention to. 
  • Plus, BLNK partnership brings options players to the table; FRAN rolls out mobile app; and DSS sinks on secondary stock offering.  

Midday Market Stats July 2

Charging station specialist Blink Charging Co (NASDAQ:BLNK) is seeing a flurry of activity in its typically quiet options pits, with 8,165 calls and 1,247 puts traded so far today -- five times the intraday average. The most popular is the July 7.5 call. The security is up 13.2% at $5.48 at last check. For the week, BLNK has more than doubled, with inverstors encouraged by its early June partnership with Envoy Technologies. 

Francesca's Holdings Corp (NASDAQ:FRAN) is up 78.1% at $6.17, taking the place of best performer on the Nasdaq, after the retailer announced its first mobile app. The firm will partner with Poq to develop the application. FRAN touched a five-month high of $8.73 earlier today, gapping above recent pressure at the 130-day moving average -- a trendline the shares are set to close atop for the first time this year.

One of the worst performers on the New York Stock Exchange (NYSE) is Document Security System, Inc (NYSEAMERICAN:DSS), following a deeply discounted secondary stock offering of 1.02 million shares at $6.25 per share. The security is down 23.1% at $6.20 at last check, trading back below recent support at its 80-day moving average at a two-month low. 


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