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Wall Street Higher; Still Pacing for Weekly Loss

The Nasdaq and S&P 500 are about to snap a five-day losing streak

Deputy Editor
Jan 3, 2025 at 12:09 PM
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Wall Street is pacing for its first win in 2025, though all three major benchmarks are lower for the week. The Dow Jones Industrial Average (DJI) sports a triple-digit midday lead to cut short a four-day slump, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) look to snap a five-day losing streak. Elsewhere, investors' "fear gauge," the Cboe Volatility Index (VIX), is pacing for a weekly win, as is the small-cap Russell 200 Index (RUT).

Continue reading for more on today's market, including: 

  • U.S. Steel stock falls after Biden block.
  • It's time to target Tapestry stock.
  • Plus, Block stock nabs upgrade; Nu Skin Enterprises raises capital; and KNSL tumbles.

Midday Market Stats January 032025

Options bulls are flocking to Block Inc (NYSE:SQ) stock, after a bull note from Raymond James. The analyst upgraded the stock to "outperform" from "market perform," highlighting the protentional for a robust "acceleration story" in the new year. So far, 78,000 calls have been exchanged -- double the amount typically seen at this point -- in comparison to just 19,000 puts. New positions are opening at the most popular, weekly 1/10 91-strike call. At last glance, SQ was up 5.1% at $91.35, looking to add to its 39% six-month lead.

SQ Chart January 32025

NU Skin Enterprises Inc (NYSE:NUS) is outperforming on the New York Stock Exchange (NYSE) today, last seen 23% higher to trade at $8.08. Shares are getting a boost after the multilevel marketing company sold its Mavely platform for $250 million. The stock is now 26.8% higher over the last three months.  

Kinsale Capital Group Inc (NYSE:KNSL) is off by 4.2% to trade at $434.14 at last glance, following a bear note. Specifically, JPMorgan Chase lowered its price target on KNSL to $412 from $415 and maintained its "neutral" rating. Over the last month, the security has shed 12.8%. 

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