Dow Up 486 Points As Stocks Start New Week Strong

Stocks are soaring to start the new week, with Wall Street on the mend thanks to upbeat trade deal announcements. The Dow Jones Industrial Average (DJIA) is 486 points higher at last check, after the European Union (EU) announced it would delay its planned retaliatory tariffs on the U.S. for six months. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also confidently higher, the latter enjoying a resurgent tech sector. With Friday's jobs data now baked into market expectations, investors are more optimistic that the Federal Reserve will cut interest rates at its September meeting.  

MMC Stats Aug 4


Pinterest Inc (NYSE: PINS) stock is seeing an uptick in options volume today ahead of the social media company's second-quarter earnings report, due out after the close on Thursday, Aug. 7. At last check, 15,000 calls have changed hands, volume that's double the average intraday amount and nearly 7 times the number of puts traded. The August 40- and 41-strike calls are the most popular, with new positions being bought to open at the latter. Pinterest stock was last seen up 2% to trade at $38.54 and sporting a year-to-date lead of 33%. 

F5 Inc (Nasdaq: FFIV) stock is near the top of the Nasdaq today, last seen up 4.3% to trade at $320.12. The cybersecurity solutions provider received a price-target hike from Morgan Stanley last week to $312 from $305, along with a bump from Needham to $345 from $320. FFIV is 27% higher year-to-date, and hit a record high of $333.99 on July 31, after the company's fiscal third-quarter earnings beat.

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FFIV

LyondellBasell Industries N.V. (NYSE: LYB) is near the bottom of the New York Stock Exchange (NYSE) today, after three brokerages trimmed their price targets on the chemical company. The worst came from Deutsche Bank to $58 from $65. LyondellBasell Industries Friday posted a second-quarter profit miss. At last check, LYB is trading down 3.4% to trade at $51.63, testing its April 9, nearly five-year low of $51.11.


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