The Dow was up more than 300 points at last check
Stocks are soaring today, attempting to pare a portion of Wednesday's sharp sell-off. An early morning speech from St. Louis Fed President James Bullard is helping to boost investor sentiment, after the central banker attempted to ease rate-hike jitters sparked by yesterday's release of the Fed meeting minutes. Additionally, the 10-year Treasury yield is retreating from four-year-high territory ahead of this afternoon's busy slate of Fed speakers. At last check, the Dow Jones Industrial Average (DJI) is enjoying a triple-digit lead, while the S&P 500 Index (SPX) is up 1%, and the Nasdaq Composite (IXIC) looks to snap its three-day losing streak.
Continue reading for more on today's market, including:
- Analyst: "Sell' this Facebook supplier.
- Pandora stock gets crushed by bear notes after earnings.
- Plus, ROKU's unusual post-earnings options volume; Hertz gets a lift; and a plummeting financial stock.
Among the stocks with unusual options volume today is television streaming platform Roku Inc (NASDAQ:ROKU), with more than 65,000 contracts traded -- almost 10 times what's typically seen at this point in the day, and volume pacing in the 100th annual percentile. Most active is the March 40 call, where traders may be purchasing new positions. At last check, ROKU stock had gapped 16.3% lower to trade at $42.76, following the company's dismal sales forecast.
One of the top performers on the New York Stock Exchange today is car concern Hertz Global Holdings, Inc (NYSE:HTZ). The shares of HTZ are soaring after sector peer Avis Budget Group (CAR) reported strong fourth-quarter earnings. At last check, Hertz Global stock had jumped 18.2% to trade at $21, on track to close north of its 10-day moving average for the first time in nearly a month.
One of the worst performers on the Nasdaq today is loan distributor LendingTree, Inc. (NASDAQ:TREE), after the company reported a much weaker-than-expected fourth-quarter profit miss. At last check, the shares of TREE were down 8.4% at $340, and have shed more than 16% in the past month.