Stocks are lower across the board today, as traders assess Walmart (WMT)'s quarterly results while monitoring geopolitical tensions between the U.S. and Iran. The Dow Jones Industrial Average (DJIA) is off by over 200 points today, poised to erase its three-day rally to start the holiday-shortened week. The Nasdaq Composite (IXIC) and the S&P 500 Index (SPX) are also lower, the latter poised to snap a three-day win streak as well.
Elsewhere, gold and oil prices are in focus, with crude gaining over 2% as the U.S. stands off with Iran. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), is reversing yesterday's losses and is back above 20.
Etsy Inc (ETSY) is seeing an unusual amount of options activity today. So far, over 13,000 calls and 14,000 puts have changed hands -- six times the average intraday amount, after the online retailer's earnings beat overshadowed a revenue miss. The most popular contract are the September 35 puts, with new positions opening at the December 40 put. ETSY was last seen up 10.3% to trade at $48.57.
Omnicom Group Inc (OMC) is one of the top performers on the New York Stock Exchange (NYSE) today, after the marketing firm reported better-than-expected quarterly results with a top- and bottom-line beat. Shares were last seen up 13.6% to trade at $79.69 and could mark its best daily pop since August, 2002.
Avis Budget Group Inc (CAR) stock is one of worst names on the Nasdaq today, after the car rental firm unveiled lower fourth quarter revenue, while an impairment charge tied to its U.S. electric vehicle rental fleet weighed on its bottom line. Shares were last seen down 18.8% at $179.99, but still 86% above March lows.
Comments
Log in or sign up to join the conversation.