Benchmarks Extend Losses as Fed Meeting Kicks Off

Chairman Jerome Powell is expected to make an announcement tomorrow

Digital Content Manager
Dec 14, 2021 at 11:34 AM
facebook X logo linkedin

Stocks are extending their selloff on Tuesday, with the Dow Jones Industrial Average (DJI) giving back 164 points at midday, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both sporting sizeable losses as well. A higher-than-expected producer price index (PPI) reading for November is pressuring the major indexes, as investors look ahead to an update from the Federal Reserve. The central bank's two-day meeting kicked off today, with remarks from Chairman Jerome Powell expected tomorrow. 

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

  • Analyst sees muted gains for Dell Technologies stock.
  • Retail stock blasted with double downgrade. 
  • Plus, options bulls target EWY; GRTX topples key trendline; and ADGI hits all-time low.

mmc stats dec 14

Ishares Msci South Korea ETF (NYSE:EWY) is seeing a surge in its normally quiet options pits today. So far, 12,000 calls have crossed the tape -- 26 times the intraday average --  compared to just 400 puts. The most popular by far is the January 2022 82 call. EWY was last seen down 0.6% at $77.58, and is down 9.9% for the year. 

One of the best stocks on the Nasdaq is Galera Therapeutics Inc (NASDAQ:GRTX). The equity was last seen up 116.1% at $2.98, after the company provided corrected results for its Phase 3 trial of its Avasopasem treatment of severe oral mucositis in cancer patients. GRTX is still down 70.7% for the year, though it toppled recent pressure at its 30-day moving average for the first time since its October bear gap. 

grtx dec 14

One of the worst stocks on the Nasdaq is Adagio Therapeutics Inc (NASDAQ:ADGI), which is down 78.6% at $7.33 at last check, on reports that its ADG20 treatment saw reduced in-vitro neutralizing activity against the Covid-19 omicron variant. The security is now trading at its lowest level since going public in early August. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI