Dow Jones Industrial Average Falls on Hawkish Fed Talk

The Dow Jones Industrial Average (DJIA) is on pace to snap its six-day win streak, and 10-year yields are also lower, as bonds edge cautiously higher after the recent sell-off. Retail sales and the Empire State manufacturing index both beat expectations, but traders are eyeing an oil-driven jump in import prices last month. Elsewhere, stocks are reacting to a speech by Boston Fed President Eric Rosengren, who said a December rate hike was likely, barring any "significant negative economic news" over the next month. Fed Vice Chair Stanley Fischer is also set to speak later today. 

• 3 airlines getting a lift, thanks to Warren Buffett.
• 3 FANG stocks feeling the love from analysts.
• Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.

• Plus... One airline soaring on sector tailwinds, and two biotech stocks having drastically different days.

Among the stocks with unusual options volume at midday is airline JetBlue Airways Corporation (NASDAQ:JBLU), which is benefiting from sector-wide tailwinds after big investment news from Buffett. JBLU is currently trading up 2.8% at $20.27, with calls crossing the tape at 10 times their average intraday pace, and outnumbering puts by 18,000 to 281. If today's pace continues, JBLU could set a new 52-week high for option volume by the close.

Biotech Cellectar Biosciences Inc (NASDAQ:CLRB) is among the top performers on the Nasdaq today, currently up 25.3% at $2.33, after announcing a partnership with contract research firm INC Research Holdings Inc (NASDAQ:INCR) for studies of its myeloma and hematologic malignancy drug, CLR 131. CLRB has still given up two-thirds of its value since the beginning of 2016, but has more than doubled since touching an all-time low of $1 in May.

Biotech stock TESARO Inc (NASDAQ:TSRO) is among the worst performers on the Nasdaq today, trading 11.3% lower at $131.74, after pricing a public offering of 1.75 million shares of common stock at $135.00 -- a steep discount to Monday's close at $148.50. TSRO has gained over 150% since the beginning of 2016, and is now trading well above its supportive 50-day moving average.

The CBOE Volatility Index (VIX) is down 4.5%, or 0.7 point, at $13.83.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.54, with puts narrowly leading calls. At last check, SPY was up 0.3%, or 0.7 point, at $217.32.

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