Stocks Modestly Lower; Dow Looks To Extend Losing Streak

Stocks are modestly below breakeven this afternoon, with the Dow Jones Industrial Average (DJI) last seen down 58 points as it heads for its sixth-straight daily loss. A brief rebellion in Russia spurred by Yevgeny Prigozhin, an ally of President Vladimir Putin and chief of a private mercenary group, is on investors' minds. Elsewhere, U.S. Treasury yields are moving slightly lower. 

MMC June26

Options traders are targeting General Mills Inc (NYSE: GIS) ahead of the company's fiscal fourth-quarter earnings report, due out before the open Wednesday, June 28. So far, 7,925 calls and 4,674 puts have been traded, which is six times the average intraday volume. The July 82.50 call is the most popular, with new positions being opened there. At last check, GIS was down 0.7% at $80.78, and sporting a 3.5% year-to-date deficit. 

TRxADE Health Inc (Nasdaq: MEDSis at the top of the Nasdaq today, up 83.3% at $15.47 at last glance, following news that the health services IT name is merging with Superlatus to create a global food consolidation platform. Today's pop has MEDS above its 320-day moving average for the first time in almost two years. Year-to-date, the equity is up 153.4%. 

meds june26

FibroGen Inc (Nasdaq: FGENis plummeting to record lows today after the company's lung disease treatment failed in a late-stage trial. Entering penny stock territory, the equity is down 81.7% at $2.94 at last check. Year-to-date, FGNE is down 82.4%. 


More By This Author:

Nasdaq Snaps Longest Weekly Win Streak Since 2019
Dow Down 222 Points, Eyes Fifth-Straight Loss
S&P 500, Nasdaq Snap 3-Day Losing Streak

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with