Stocks are moving lower midday, despite unpacking a January jobs report that surprised to the upside. The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) have pared solid opens but remain chip shots from record highs, with the latter stalling out below 7,000. The Nasdaq Composite (IXIC) has also pivoted into the red but is holding 23,000, at last look.
Elsewhere, gold and oil prices are in focus, with both commodities up 1% apiece. Amidst this broad market choppiness, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) is heading for its third loss in the last four trading days
Options traders are piling on Vertiv Holdings Co (NYSE: VRT). So far, over 94,000 puts have changed hands -- 17 times the average intraday amount. The most popular contract is the April 190 put, followed by the March 190 put, with new positions being bought to open at both. At last glance, shares up 20.4% to trade at $240.21, following a beat-and-raise that has VRT trading at a new record high.
Teradata Corp (NYSE: TDC) is one of the top performers on the New York Stock Exchange (NYSE) today, after the software company reported an impressive fourth-quarter earnings surprise and issued strong guidance for the current quarter. At last check, shares are up 24.4% to trade at $38.43, on track to mark its best single-day performance in over five years.
Unity Software Inc (NYSE: U) is one of worst names on the NYSE today. The game software is unraveling after a lackluster guidance for the current quarter overshadowed a fourth-quarter earnings beat. Shares were last seen down 32.3% to trade at $19.68, and should these losses continue, U would clock its worst day ever.
More By This Author:
Dow Nabs Third-Straight Record Close As S&P 500, Nasdaq SlideDow Extends Record Run Amid Software Stock Rebound
Dow Marks Another Record Close; Nasdaq Enjoys Triple-Digit Pop
Comments
Log in or sign up to join the conversation.