The Dow is down xx points at last check, weighed down by a McDonald's stock selloff
Stocks are deep in the red once more today. The Dow Jones Industrial Average (DJIA) is off by 330 points at last check and heading for a third-straight loss, weighed down by McDonald's (MCD) latest health scare. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both lower as well, the former heading for a third-straight loss of its own and the latter set to snap a five-day win streak. Investor anxiety about bond yields remain elevated. as the 10-year Treasury yield climbs to five-month highs and existing home sales posted a fall to their lowest level since 2010.
Continue reading for more on today's market, including:
- 2 stocks bucking the broad market selloff.
- Alternative energy stock at 12-month lows.
- Plus, Magnite-Disney deal draws buzz; SPX's best stands tall; and WBA resumes trek lower.
Magnite Inc (NASDAQ:MGNI) stock is seeing a surge in the options pits today. At last check, over 8,500 calls have changed hands, 6 times the average intraday amount and number of puts traded. The January 17, 2025 18-strike call is where the action is, with new positions being bought to open. The advertising tech stock is up 4.2% to trade at $12.58 at last check, after renewing a two-year deal with Walt Disney (DIS). Year-to-date, MGNI is 35% higher.
Vistra Corp (NYSE:VST) stock is up 2.4%, although there's no specific catalyst. The utility stock is one of the top performers on the SPX this year, up over 232% and scoring a record high of $143.86 on Oct. 7. The shares have consolidated since that peak, with support in place at their ascending 20-day moving average.
Walgreens Boots Alliance Inc (NASDAQ:WBA) is resuming its place near the bottom of the SPX today, last seen down 3.6% to trade at $9.38, after Jefferies trimmed its price target to $9 from $19 earlier this morning. WBA has added 9.5% in the last month after bottoming out at $8.22 on Sept. 25. Year-to-date though, the pharmacy stock is down 64%.