New York Fed President William Dudley is scheduled to speak shortly
The Dow Jones Industrial Average (DJIA) dropped out of the gate, as a better-than-expected nonfarm payrolls report intensified fears of an imminent interest-rate hike. While the blue-chip benchmark eventually clawed its way into positive territory, it was last seen lower once again. Meanwhile, the dollar is rising and bond yields continue to climb, and financial stocks are in rally mode. Looking ahead, the Street is awaiting a lunch hour speech from New York Fed President William Dudley.
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Among the stocks with notable call volume is Goldman Sachs Group Inc (NYSE:GS), amid the security's new seven-year peak of $211.94. Currently, shares of the financial firm remain 0.7% higher at $210.22, and calls are running at quadruple the expected intraday rate. Digging deeper, eleventh-hour call buyers are circling the weekly 6/5 210 and 212.50 strikes.
One of the top gainers on the Nasdaq is JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), which has soared nearly 14% to trade at $9.20 -- bringing the shares into positive year-to-date territory. The upside move comes on the heels of CEO Baofang Jin's proposal to take the solar issue private.
The leading loser on the Big Board is apparel name Vince Holding Corp (NYSE:VNCE), which was last seen 18.1% south of breakeven at $12.52 -- and fresh off an all-time low of $12.48. Weighing on the stock is a downwardly revised full-year forecast and a round of bearish analyst notes.
The CBOE Volatility Index (VIX) is 0.2 point, or 1.4%, lower at 14.51.
Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.88, with puts nearly doubling calls. At last check, SPY was off 0.2 point, or 0.1%, at $209.91.