The Dow Jones Industrial Average (DJI) is down 305 points and pacing for a fifth-straight drop this afternoon, which would mark its worst losing streak since June. The Nasdaq Composite (IXIC) carries a triple-digit loss of its own, and is trying to avoid a third consecutive weekly drop.

The S&P 500 Index (SPX) is lower on the day and week as well, with bank stocks in the red as a new earnings season kicks off. Higher-than-expected import prices for March are weighing on sentiment, while oil prices rise amid reports that Iran will attack Israel this weekend.

(Click on image to enlarge)

Options traders are blasting Coupang Inc(NYSE: CPNG) stock today after the South Korean e-commerce retailer implemented a 58% price hike to it its monthly membership fee to secure additional capital. So far today, 35,000 calls and 5,768 puts have already traded hands -- 10 times the intraday average volume. Most active is the weekly 4/12 21.50 strike call, where positions are being bought to open. CPNG was last seen are up 10.2% to trade at $21, and earlier hit a fresh 52-week high of $21.38.

Argan Inc(NYSE: AGX) is the best stock on the New York Stock Exchange (NYSE) today, up 22.1% to trade at $60.26, after the construction company announced a fiscal fourth-quarter earnings and revenue win. The shares scored a six-year high earlier, and are pacing on track for their best single-day percentage gain on record. AGX is up 29.3% in 2024.

Azul SA (NYSE: AZUL) stock, meanwhile, is near the bottom of the NYSE. The security was last seen down 9.5% to trade at $6.65 -- their lowest level since May -- though there is no apparent catalyst behind this bear gap. Over the past nine months, AZUL fell more than 36%.

More By This Author: