The Dow is up triple digits
Wall Street is pacing for its first win in 2025, though all three major benchmarks are lower for the week. The Dow Jones Industrial Average (DJI) sports a triple-digit midday lead to cut short a four-day slump, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) look to snap a five-day losing streak. Elsewhere, investors' "fear gauge," the Cboe Volatility Index (VIX), is pacing for a weekly win, as is the small-cap Russell 200 Index (RUT).
Continue reading for more on today's market, including:
- U.S. Steel stock falls after Biden block.
- It's time to target Tapestry stock.
- Plus, Block stock nabs upgrade; Nu Skin Enterprises raises capital; and KNSL tumbles.
Options bulls are flocking to Block Inc (NYSE:SQ) stock, after a bull note from Raymond James. The analyst upgraded the stock to "outperform" from "market perform," highlighting the protentional for a robust "acceleration story" in the new year. So far, 78,000 calls have been exchanged -- double the amount typically seen at this point -- in comparison to just 19,000 puts. New positions are opening at the most popular, weekly 1/10 91-strike call. At last glance, SQ was up 5.1% at $91.35, looking to add to its 39% six-month lead.
NU Skin Enterprises Inc (NYSE:NUS) is outperforming on the New York Stock Exchange (NYSE) today, last seen 23% higher to trade at $8.08. Shares are getting a boost after the multilevel marketing company sold its Mavely platform for $250 million. The stock is now 26.8% higher over the last three months.
Kinsale Capital Group Inc (NYSE:KNSL) is off by 4.2% to trade at $434.14 at last glance, following a bear note. Specifically, JPMorgan Chase lowered its price target on KNSL to $412 from $415 and maintained its "neutral" rating. Over the last month, the security has shed 12.8%.