Dow, S&P 500 Flat; Nasdaq Stays Strong Amid Volatility

All three major indexes are still on track to extend their weekly win streaks

Digital Content Manager
Dec 15, 2023 at 12:02 PM
facebook X logo linkedin

Both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are flat this afternoon, but are still eyeing seven-straight weekly gains -- the longest such streak since 2019 for the former, and 2017 for the latter. Meanwhile, the Nasdaq Composite (IXIC) is sporting a solid lead and eyeing a seventh consecutive week in the black as well. Volatile trading is likely amid triple witching expiration, as well as the S&P 500 and Nasdaq-100 Index (NDX) rebalancing.

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

  • 3 solar stocks surging on bullish coverage.
  • Mixed quarterly results weigh on Lennar stock.
  • Plus, earnings beat draws bulls to COST; surging mining stock to watch; and worst NYSE name today.

Midday Market Stats December 152023

Costco Wholesale Corporation (NASDAQ:COST) announced better-than-expected fiscal first-quarter earnings and revenue on strong demand for cheaper grocery items. No fewer than 15 brokerages hiked their price objectives in response, with Jefferies and UBS lifting to $725 from $680 and and $640, respectively. So far today, 66,000 calls and 33,000 puts have been exchanged , or seven times the intraday moving average. The December 660 call is most popular, with positions being opened there. COST is up 43.7% so far this year, and was last seen up 3.4% to trade at $652.92.

Compania de Minas Buenaventura SAA (NYSE:BVN) was last seen up 23.9% at $12.38, at the top of the New York Stock Exchange (NYSE). The catalyst behind the massive surge for the Peruvian mining stock is unclear. The shares are trading at their highest level since March 2022, and pacing for their biggest single-day percentage win since March 2020. BVN is up 64% this year.

Bright Health Group Inc (NYSE: BHG) stock is dangerously close to penny stock territory, down 14.2% to trade at $6 at last check, and also at the bottom of the NYSE. Shares have been trading sideways since August, as they struggle with pressure from the 100-day moving average. Additionally, the security also carries a hefty 88.5% year-to-date deficit.

BHG 80 Day


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