The DJIA is lower after this morning's jobs data fell short, while the SPX is trying to stay positive year-to-date
A
disappointing jobs report from the Labor Department put pressure on the
Dow Jones Industrial Average (DJIA) from the start of trading. In fact, not even rising oil prices -- June-dated crude futures are up 0.4% at $44.48 per barrel, as wildfires in Canada spread -- can save stocks, with the Dow on pace to notch
a second straight week of losses. Elsewhere, the
S&P 500 Index (SPX) is trying to hold its year-to-date lead, while the
Nasdaq Composite (COMP) has slipped back into correction territory.
Continue reading for more on today's market -- and don't miss:
Among the stocks with unusual option volume today is
Yelp Inc (NYSE:YELP), with total volume running at 26 times the average intraday pace. Shares of YELP are up 20.1% at $25.72 -- following the online review site's stellar earnings and
subsequent round of price-target hikes -- prompting one options bull to
roll her long May 25 calls up to the 26.50 strike. YELP has been a long-term laggard, though, and hasn't seen the north side of $26.50 since Jan. 6.
Offshore drilling operator Atwood Oceanics, Inc. (NYSE:ATW) is one of the biggest percentage gainers on the New York Stock Exchange (NYSE), up 30.6% at $11.28. Last night, the company reported higher-than-forecast first-quarter profit -- which has the stock on pace to close north of its 30-week moving average for the first time in almost a year.
Square Inc (NYSE:SQ) is one of the biggest losers on the NYSE. The stock is off 20% at $10.48 after the payments processor turned in a dismal earnings report -- similar to fellow Jack Dorsey firm
Twitter Inc (NYSE:TWTR) -- and was hit with a downgrade to "underperform" and price-target cut to $9 from $11 at Wedbush.
The
CBOE Volatility Index (VIX) is down 0.1 point, or 0.8%, at 15.78.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 1.49, as puts outpace calls. The SPY is down 0.3 point, or 0.1%, at $204.69.
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