Dow Heads for Worst Week Since March

All three major indexes are headed for weekly losses

Deputy Editor
Aug 18, 2023 at 12:03 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is near breakeven this afternoon, while the S&P 500 (SPX) and Nasdaq Composite (IXIC) are lower, with all three major indexes headed for weekly losses. The blue-chip benchmark is pacing for its worst week since March, while the SPX could mark its longest weekly losing streak since February with three straight. Meanwhile, oil prices are on track to snap their seven-week streak of gains. 

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

  • How bears won out with Harley Davidson stock
  • Cybersecurity name with upbeat post-earnings history. 
  • Plus, FTCH puts flying off the shelves; biotech stock leading the Nasdaq; and VFS cooling from blowout debut. 

MMC Aug18

Options bears are chiming in on Farfetch Ltd (NYSE:FTCH) stock after it hit a record low. So far today, 190,000 puts were traded in comparison to 38,000 calls -- already 24 times the average daily options volume. The June 2 put is the most popular by far, with new positions being opened there. The retail platform reported worse-than-expected second-quarter results and cut its 2023 sales forecast, leading several firms to issue bear notes. At last check, FTCH was down 38.8% at $2.92. 

FTCH Aug18

Aditxt Inc (NASDAQ:ADTX) is at the top of the Nasdaq today, up 18.1% at $18.86 at last glance, after the biotech company provided a shareholder update and strategy for achieving commercial scale, and yesterday announced a 1-for-40 reverse stock split. Year-to-date, the equity is down 58.2%. 

Vinfast Auto Ltd (NASDAQ:VFS) was last seen down 28.9% at $14.23, as it continues to fall from an early week surge, when it began publicly trading. VinFast's founder, Pham Nhat Vuong, controls 99% of the company's market share, leaving it open to volatility. On the short sell restricted (SSR) list today, VFS is up 38.4% year-to-date. 


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