Dow Looks to Snap 5-Quarter Win Streak

The Nasdaq and S&P 500 are looking to log their 6th-straight quarterly win

Digital Content Manager
Sep 30, 2021 at 12:08 PM
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The Dow Jones Industrial Average (DJI) is down 74 points this afternoon, weighed by drops in the energy and financial sectors, as it looks to close out the month and quarter with losses, snapping a five-quarter win streak in the process. Meanwhile, the S&P 500 Index (SPX) is flat at midday, while the Nasdaq Composite (IXIC) is sitting comfortably in the black, as tech takes advantage of a stable 10-year Treasury yield. Both the S&P 500 and Nasdaq are eyeing monthly losses, yet still pacing for quarterly wins, which would mark both indexes' sixth-straight rise.

Wall Street is also eyeing comments from Senate Majority Leader Chuck Schumer, who said late Wednesday that lawmakers have struck a federal funding deal that will avoid a government shutdown, with a vote scheduled for Thursday morning. 

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

  • Could Lordstown Motors stock be ready for a short squeeze?
  • AstraZeneca shares a big Covid-19 vaccine update. 
  • Plus, retail traders target CEI; VLTA hits record low; and Macy's stock struggles with sector headwinds.  

mmc sept 30

One of the best performing equities on the New York Stock Exchange (NYSE) today is Camber Energy Inc (NYSE:CEI). The stock was last seen up 7.9% at $3.69. While no particular news seem to be driving the shares, the security has been on a wild climb up the charts during the past two weeks, and has nearly doubled this week. The stock has been the target of retail traders recently. Equities tied to these speculators on the rise today, with Camber Energy among the most popular names on

Volta Inc (NYSE:VLTA) is one of the worst performing stocks on the NYSE today, down 25.4% at $8.37 this afternoon. The company yesterday announced it obtained two new patents for electric vehicle (EV) charging station innovations. The stock earlier fell to an all-time low of $7.78, and breached short-term support at its 20-day moving average, as well as the $8.50 level. 

vlta sep 29

Macy's Inc (NYSE:M) is seeing an uptick in bearish options activity today, with 25,000 puts exchanged so far -- double the intraday average -- compared to 21,000 calls. The most popular is the weekly 10/1 23-strike put, followed by the November 22 put. M is down 9.3% at $22.41 this afternoon, amid news the company has filed a lawsuit that would prevent (AMZN) from advertising atop its Herald Square flagship store. Separately, the stock is feeling sector-wide headwinds after BofA downgraded Kohl's (KSS) amid supply-chain concerns. 


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