Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Slides Ahead of Bank Earnings

The Second Hottest VIX in a Decade

Apr 12, 2017 at 12:00 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is trading in negative territory, as geopolitical developments and the upcoming start of earnings season stoke anxiety. Specifically, U.S. Secretary of State Rex Tillerson has not been well-received in Russia, with several Kremlin officials criticizing him for last week's American airstrike on Syria. Elsewhere, financial stocks are struggling ahead of tomorrow morning's raft of bank earnings, while oil prices have swung lower. At last check, May-dated crude futures were down 0.2% at $53.31 per barrel -- on track to snap their six-session winning streak.

Continue reading for more on today's market -- and don't miss:

  • BlackBerry stock is blowing up.
  • Breaking down the VIX's second hottest year in a decade.
  • Plus, eBay call options explode; the drug stock gapping higher; and Cliffs breaches a key level.

midday market stats april 12

Among the names with unusual call volume today is e-tail stock eBay, with the contracts being exchanged at nine times the expected intraday clip. According to Trade-Alert, bulls are buying to open the May 35 call; plus, a bull call spread is detected at the May 36 and 38 calls, totaling nearly 10,000 contracts. At last check, EBAY stock is 0.6% higher at $34.20.

One of the top advancers on the Nasdaq is pharmaceutical stock Neurocrine Biosciences, Inc. (NASDAQ:NBIX), which has gapped 21.7% higher to trade at $50.49. The shares have gotten a lift from an FDA drug approval, as well as upbeat analyst attention. In fact, NBIX is hovering at its highest levels of 2017.

neurocrine biosciences stock today

One of the worst percentage losers on the New York Stock Exchange is Cliffs Natural Resources Inc (NYSE:CLF), dropping 7.5% to $7.38 amid a major sell-off in commodities stocks. As a result, it appears CLF shares have surrendered support at this key technical level.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));