Dow Hovers Near Breakeven as S&P, Nasdaq Hit Records
Stocks could extend their daily win streaks, though
U.S. stocks are basically flat today, though the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) managed to tag record highs in early trading. The Dow Jones Industrial Average (DJI), meanwhile, is holding just below its own all-time peak, as traders consider poor corporate earnings and impeachment headlines from Capitol Hill ahead of tonight's House vote. Even so, the major indexes are still in good shape to extend their daily win streaks to six.
Continue reading for more on today's market, including:
One name seeing unusual options trading is Camping World Holdings Inc (NYSE:CWH), as traders seemingly buy to open the December 15 call, by far the most popular contract today. More than, 10,500 of these options have changed hands so far, compared to just 2,300 at the next most popular. Those buying the calls are expecting CWH shares to move above $15 in the next two days, with the contracts set to expire at the close this Friday. After spiking to the highest point since May earlier, the stock was last seen slightly lower at $13.90.
One of the best stocks today is Tesla Inc (NASDAQ:TSLA), with the shares up 2.2% at $387.14, and earlier hitting a two-year high of $388.15. This is just more of the same for the electric automaker, which has watched its stock gain almost 71% in the past six months.
Another winner today is Voya Financial Inc (NYSE:VOYA). The financial stock earlier hit an all-time high of $63.37, adding 7.5% at last check to trade at $62.96. This price action comes after the company agreed to sell some of its businesses to Resolution Life for around $1.25 billion.