Longest Nasdaq, S&P 500 Win Streaks Since 2021 at Risk

The Nasdaq is sporting a modest loss this afternoon

Digital Content Manager
Nov 8, 2023 at 11:49 AM
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Stocks are muted this afternoon, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) near breakeven, while the Nasdaq Composite (IXIC) sports a modest loss. The jury is still out on whether or not the major benchmarks will be able to extend their recent win streaks -- the SPX and IXIC's longest since 2021 -- as investors continue to weigh the latest earnings reports.

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

  • Roblox stock eyes best day since February. 
  • What's pressuring Robinhood stock today.
  • Plus, Upstart's dismal Q4 outlook; AGTI sees post-earnings pop; and retail stock could snap win streak.

MMC 1108

Upstart Holdings Inc (NASDAQ:UPST) stock is sinking, last seen down 25.3% at $21.99, brushing off a third-quarter win after the company also issued disappointing fiscal fourth quarter guidance. Options volume is now running at 12 times the intraday average amount, with 55,000 calls and 86,000 puts exchanged so far. Most popular is the February 25 put, where positions are being bought to open. UPST is trading at its lowest level since May, and down 64.7% this year.

Agiliti Inc (NYSE:AGTI) stock is among today's top performers on the New York Stock Exchange (NYSE), up 17.5% at $7.18, after the company reported better-than-expected revenue for the third quarter. The security spent all of October near penny stock territory, but is today eyeing its second-straight close above the 40-day moving average. AGTI is still down 56.2% in 2023, though.

AGTI 40 Day

Meanwhile, Warby Parker Inc (NYSE:WRBY) is one of the worst stocks on the NYSE. While the glasses retailer raised its 2023 outlook and beat revenue estimates for the third quarter quarter, earnings missed the mark. The shares are down 21.6% to trade at $11.21 at last check, and on track for their biggest single-day percentage drop on record. WRBY is also trading at its lowest level since June and could snap a four-day win streak.

 

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