S&P Eyes Seventh Straight Win After Jobs Report
Today's payrolls data helped calm trader anxiety over the economy
The Dow Jones Industrial Average (DJI) is headed for anotherday of gains, after the Marchjobs report helped to quell investor anxiety over the health of the economy. All eyes are still on U.S.-China trade talks, too, with President Donald Trump saying "we'll know over the next four weeks" if the two countries can reach a consensus. Against this backdrop, the S&P 500 Index (SPX) is eyeing a seventh straight win, and the Dow, SPX, and Nasdaq Composite (IXIC) are all pacing for healthy weekly gains.
Continue reading for more on today's market, including:
This restaurant giant could see more upside ahead. The red-hot pot stock burning up shorts. Plus, options bears pile on DISH; TROV's leukemia trial looks promising; and LIVN stock sees sales drop.
DISH Network Corp (NASDAQ:DISH) is seeing an unusual amount of options trade today. So far, the equity has seen about 1,800 puts change hands, nearly three times the average intraday volume. Most active is the June 32.50 put, where it looks like the options are being bought to open, with traders expecting shares of the broadcasting concern to slip in the short term. At last check, DISH was trading up 1.1% at $34.18, set for its highest close since October.
Pharma stock Trovagene Inc (NASDAQ:TROV) is near the top of the Nasdaqtoday, after a positive update on its early-stage leukemia treatment trial. The company also said that Lincoln Park Capital Fund plans to invest $1.5 million in the cancer drug developer. As a result, the shares are up $15.6% at $4.16, but struggling to climb atop their 200-day trendline.
LivaNova PLC (NASDAQ:LIVN) is near the bottom of the Nasdaq today, after unveiling disappointing preliminary first-quarter earnings. LIVN stock is down 27.1% at $70.41 in response. The equity just bottomed out at an 18-month low, and dropped well below its 40-day moving average -- a recent area of support for LIVN.
