The Dow is up triple digits at last check
The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher this afternoon, as both attempt to snap four-day losing streaks. The Dow Jones Industrial Average (DJI) is confidently higher as well, as investors weigh the latest jobs data with rising home sales and worse-than-expected leading economic indicators for March. Elsewhere, the Cboe Volatility Index (VIX) is heading for a third-straight drop.
Continue reading for more on today's market, including:
- Chip stock moving lower after earnings.
- Analyst says eBay stock is undervalued.
- Plus, LVS options running red-hot; Badge Meter stock nabs record high; and PRI eyes worst day since 2022.
Options traders are blasting Las Vegas Sands Corp.(NYSE:LVS) stock after the casino's giant's first-quarter earnings and revenue beat. The shares are down 6.8% at $46.82 due to lackluster Macau results, however. So far today,19,000 calls and 24,000 puts have been exchanged, which is eight times the intraday average volume. The most active contract is the April 46.50 call, where new positions are being bought to open. Shares are trading at their lowest level since early December, and now carry a 5.2% year-to-date deficit.
Badger Meter Inc(NYSE:BMI) stock is at the top of the New York Stock Exchange (NYSE), up 12.3% to trade at $172.15, after the machinery company surpassed top- and bottom-line expectations for the first quarter. The equity earlier hit a record high of $173.58, blasting through a ceiling at the $165 that has been capping price action since early September. BMI is up 43.5% in the last 12 months.
Primerica, Inc. (NYSE:PRI) is toward the bottom of the NYSE, down 8.5% to trade at $193.92 at last check. While there is no immediately clear reason for this bear gap, PRI is trading at its lowest level since June, and on track for its worst single-day percentage loss since May 2022. So far in 2024, the equity shed 6.8%.