The Dow is down 411 points midday
Stocks are extending their morning losses, with the Dow Jones Industrial Average (DJI) down 411 points and looking to snap a five-day win streak. The Nasdaq Composite Index (IXIC) is sporting a 400-point deficit as well, weighed down by Big Tech, though the quantum computing sector is enjoying a boost today. For the week, all three major benchmarks are still headed for gains.
Continue reading for more on today's market, including:
- 3 airline stocks fresh off recent highs.
- GameStop stock pulling back from last session's surge.
- Plus, call traders eye QSI; MYSZ soars on revenue outlook; and TZOO drops as CEO dumps shares.
Options bulls are blasting Quantum-Si Inc (NASDAQ:QSI) today, as the stock surges along with the rest of the sector. So far, 41,000 calls have been exchanged -- 12 times the call volume typically seen at this point -- in comparison to just 6,061 puts. The January 2025 3.50-strike call is the most popular contract, where new positions are being opened. At last glance, QSI was up 56.5% at $3.36, and hitting 52-week highs.
Israel-based stock My Size Inc (NASDAQ:MYSZ) is up 58.6% at $6.69 at last glance, after the e-commerce platform and provider of artificial intelligence (AI)-driven apparel sizing announced revenue growth and expansion plans, targeting $15 million in revenue in 2025. Today's pop has MYSZ further removing itself from penny stock territory and its recent Dec. 16 record low of $1.05, as well as breaking into positive territory for 2024.
Online services stock Travelzoo (NASDAQ:TZOO) is down 10.7% at $19.74 at last glance, after news the company's CEO and substantial shareholder Azzurro Capital both sold a substantial number of shares. TZOO recently hit a Dec. 18, five-year high of $22.44, and is up 105% year to date.
