The Dow Jones Industrial Average (DJIA) is higher at midday, after setting a fresh intraday record out of the gate this morning. The Dow is on track for its fourth straight record close, as well as its biggest weekly gain since December. The market is seemingly shrugging off subpar retail sales and North Korea's latest missile strike, as well as the first monthly decline in industrial output since January. Meanwhile, thanks to a rally in tech stocks, the S&P 500 Index (SPX) and Nasdaq Composite (COMP) are also higher after hitting all-time peaks, with the former pacing for its best week since April.
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This chip stock could surge more than 40%, according to analysts.J.P. Morgan Securities gutted these 3 airline stocks.Plus, call buying heats up on First Solar; a retail stock's rebound; and FIT stock losing steam.Macy's (NYSE:M) is up 2% at $22.41, and has rallied roughly 16% since touching a seven-year low of $19.32 on Aug. 21. What's more, the retailer's recent rally has the shares poised to conquer their 80-day moving average for just the second time since December. Last night, Macy's said it will increase its holiday workforce by 80,000 -- a drop of 3,000 from last year.