The Dow is up 215 points this afternoon
All three major benchmarks are on the rise as the second quarter comes to a close, with big gains on the horizon. The Dow Jones Industrial Average (DJI) is up 215 points, while the Nasdaq Composite (IXIC) sports a solid triple-digit lead of its own as tech stocks jump. Encouraging inflation data is giving the market a boost, as Wall Street looks to close out the day, week, and month with a bang.
Continue reading for more on today's market, including:
- Apple stock hit a fresh record high today.
- Constellation Brands stock is brushing off an upbeat report.
- Plus, options traders blast CCL; RMTI surges on new collaboration; and EVLO extends losses.
Carnival Corp (NYSE:CCL) is trading at 52-week highs, up 8% at $18.54 at last glance, after Jefferies upgraded the security to "buy" from "hold," with a price-target hike to $25 from $9. The stock is currently among the most popular in the options pits, with 618,000 calls and 144,000 puts exchanged so far, which is already seven times the average daily volume. The weekly 6/30 18.50-strike call is getting the most action, with new positions being bought to open there and expiring at the close.
Rockwell Medical Inc (NASDAQ:RMTI) is up 14.7% at $5.22 at last check, after the biotech company announced a three-year co-promotional collaboration with B. Braun Medical. Now trading at its highest level in a little over a year, RMTI is eying its fifth weekly win in the last six weeks.
Evelo Biosciences Inc (NASDAQ:EVLO) is extending last session's 30.7% drop, down 11.6% at $3.12 at last glance. The company's 1-for-20 reverse stock split went into effect yesterday. Year-to-date, the equity is down 90.6%, and seeing pressure from its 100-day moving average.
