Tech Earnings Prop Up Nasdaq as Bond Yields Rise

AMZN and SNAP are surging after their upbeat earnings reports

Deputy Editor
Feb 4, 2022 at 12:03 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is down 260 points midday, as a spike in the 10-year Treasury yield puts pressure on the market, even after a 467,000 rise in payrolls per the January jobs report. Meanwhile, the S&P 500 Index (SPX) is flat at last check, though post-earnings surges from (AMZN) and Snapchat-parent Snap (SNAP) are helping boost the tech-heavy Nasdaq Composite (IXIC) into the black. For the week, all three indexes are on track for their second-straight weekly wins.  

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

  • Key trendline to watch for this exchange traded fund (ETF). 
  • Regeneron stock seeing layers of technical support
  • Plus, options bears target DB; software name jumps after earnings; and VNDA falls on trial results. 

MMC Feb4

Deutsche Bank AG (NYSE:DB) is seeing a surge in bearish options activity, after the European Central Bank's decision to keep interest rates unchanged. Up 3.1% to trade at $15.58 at last check, the stock is trading at a nearly four-year high. So far, 23,000 puts have crossed the tape, in comparison to just 3,004 calls, with put volume running at 26 times what's typically seen at this point. The July 11 put is the most popular by far, with new positions being bought to open. 

One of the best performers on the New York Stock Exchange (NYSE) today is Unity Software Inc (NYSE:U), last seen up 16.7% to trade at at $108.13. The tech company announced narrower-than-expected fourth-quarter losses per share and a revenue beat, however, no fewer than six analysts chimed in with price-target cuts. Still down 24.9% year-to-date, pressure from the stock's 20-day moving average looms overhead. 

Unity MMC

Meanwhile, Vanda Pharmaceuticals Inc (NASDAQ:VNDA) is the worst-performing Nasdaq member today, down 20.1% to trade at $11.70 -- its lowest level since November of 2020. This negative price action comes after the company's stomach paralysis drug failed to meet its main goals in a late-stage trial. 


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