Big Bank Earnings Give Major Indexes A Lift
Stocks are brushing off U.S.-China trade tensions as upbeat bank earnings give the market a boost. Bank of America (BAC) and Morgan Stanley (MS) reported strong third-quarter results, with both stocks up 5% at last look. Both the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are up triple digits at midday, while the S&P 500 Index (SPX) sits modestly higher.
Crypto mining stock Bitdeer Technologies Group (Nasdaq: BTDR) is a favorite amongst options bulls today. So far, the stock has seen 79,000 calls and 9,034 puts exchanged, which is already 7 times the options volume it typically sees in a session. The November 25 call is the most popular, with new positions being opened there. At last look, BTDR was up 31.1% at $26.38, earlier hitting a record high of $27.80 after news that the company is pushing deeper into AI development.
AI stock Veritone Inc (Nasdaq: VERI) is up 65.6% at $9.04 at last glance, trading at two-year highs after the company forecast a smaller-than-expected third-quarter loss and announced a few major contracts. Year to date, the equity is up 155%.
Shares of Aqua Metals Inc (Nasdaq: AQMS) are down 38.7% at $18.15, after the company announced a direct offering of 1.13 million shares and warrants at $11.34 per share, raising $13 million in gross proceeds. Pulling back sharply from last session's 52-week highs, the equity is down 30%.
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