Wall Street Mixed as Investors Prepare for More Inflation Data

Tomorrow's inflation and retail sales data are highly anticipated

Deputy Editor
Mar 13, 2024 at 12:03 PM
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Stocks are mixed this afternoon. The Dow Jones Industrial Average (DJI) is up nearly 160 points, as investors await tomorrow's producer price index (PPI) reading and retail sales data. Elsewhere, the S&P 500 Index (SPX) is just below breakeven, pulling away from yesterday's record close. The tech-heavy Nasdaq Composite (IXIC) is also deep in the red, as Nvidia's (NVDA) red-hot rally cools off.

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

Midday Market Stats March 132024

Texas Roadhouse Inc (NASDAQ:TXRH) is catching the eye of options bulls, after Baird upgraded the restaurant chain operator's shares to "outperform." The analyst said the company boasts relatively strong traffic after earnings. In response, 995 calls have crossed the tape, which is six times the intraday average volume, led by the April 160 call where new positions are opening. Texas Roadhouse stock is 3.2% higher at $155.46 this afternoon, earlier hitting a record peak of $157.12, and now boasting a nearly 50% year-over-year lead.

At the very top of the Nasdaq today stands Gaxos.AI Inc (NASDAQ:GXAI), which boasts a more than 100% lead at last glance to trade at $10.80. The company just acquired the rights to use certain artificial intelligence (AI)-enabled tech from a "Ultiself," a top biohacking app. This acquisition will help to facilitate the development of Gaxos Health unit's technology. Year to date, GAXI is up nearly 179%.

Shares of Dollar General Corp (NYSE:DG) are trading near the bottom of the New York Stock Exchange (NYSE), last seen down 2.9% at $156.52. This dip follows sector peer Dollar Tree’s (DLTR) disappointing earnings report, which is weighing on the discount retail space as a whole. Year over year, DG is down 9%.

DG Chart 2 March 132024

 

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