Dow Eyes Another Win as Tech Gains
This would be a 6th straight win for the Dow
U.S. stocks are pushing higher today, putting the Dow Jones Industrial Average (DJI) on pace for a sixth straight win. The gains come after China released a list of U.S. goods that would be exempt from tariffs, while Wall Street is also reacting to President Donald Trump's tweets about interest rates and the Fed. The tech sector is one prominent area of strength today, with Apple (AAPL) near the top of the Dow, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are in positive territory, too.
Continue reading for more on today's market, including:
Wall Street's been warming up to this mining stock. Analyst glows about ELY's TopGolf investment. Plus, Micron traders react to bull note; FDA update bolsters drug stock; and potential support for GameStop.
One name seeing accelerated options trading today is Micron Technology, Inc. (NASDAQ:MU), as traders react to the equity's latest bull note. Calls are crossing at twice the expected rate, and volume has already surpassed the daily average. The September 50 and October 55 calls are most popular, with new positions opening at the latter. MU shares were last seen at $50.77, up 2.8% today.
One of the best stocks today is Aimmune Therapeutics Inc (NASDAQ:AIMT), after Food and Drug Administration (FDA) staffers reviewed the company's peanut allergy drug. The shares are trading up 12% at $24.70, making a big move past recent congestion near the 200-day moving average.
