Dow Brushes Off Boeing Crash, Walgreens Earnings as Iran Tensions Ease
The has Dow bounced back after this morning drop
The Dow Jones Industrial Average (DJI) was initially dragged lower this morning by Boeing (BA) -- down on news of another fatal crash -- and Walgreens Boots Alliance (WBA), which is selling off after earnings. The Dow is now trading higher with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), with the latter two hitting record highs, as investors took last night's non-fatal Iranian ballistic missile attack against a U.S. military base in Iraq, to mean the worst is over between the two countries. The rise in stocks has sent February-dated gold futures, which have been on a tear recently, lower, down 1% at $1,557.80 an ounce, at last check.
Continue reading for more on today's market, including:
Electronic Arts Inc. (NASDAQ:EA) is seeing an usual amount of bullish activity in the option pits today, with 16,000 call contracts exchanging hands so far -- six times the average intraday amount, and roughly eight times the number of puts. The most popular position, by far, is the weekly 1/10 108-strike call, which expires at the close this Friday, with contracts being bought to open here. The shares are up 0.6% to trade at $109.01, and just hit a 15-month high of $109.67 earlier.
Software maker ShiftPixy Inc (NASDAQ:PIXY) has more than doubled today, following an announcement that the company closed a contract assignment valued at $20 million, which is 60% of all of its contracted book of business. The firm plans on using the funding to achieve cash flow breakeven by the middle of 2020. The stock earlier hit a five-month high of $27.50 in response, and is now up 155% at $19.74, testing its footing atop its 180-day moving average for the first time since November 2018.
