Stocks Slide From Record Highs
The Dow is down more than 100 points so far
The Dow Jones Industrial Average (DJI) is sliding today, suffering triple-digit losses so far, as stocks pull back from record-high territory. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also under pressure, though trading volumes are unsurprisingly thin for the holiday week. Oil prices have also turned lower after notching fresh highs earlier, with February crude futures last seen down 0.5% at $61.39 per barrel.
Continue reading for more on today's market, including:
One name seeing unusual options volume today is Newmont Goldcorp Corp (NYSE:NEM), as the shares touch fresh highs. Traders are opening new positions at the January 2020 45.50-strike call, seemingly betting on more upside in the coming weeks. NEM stock was last seen up 2.1% at $43.59, and earlier peaked at a three-year high of $43.75.
Sol Gel Technologies Ltd (NASDAQ:SLGL) is one of the best stocks today, up 93% at $17.85, and earlier touching an all-time high of $21. This move comes after the company's acne cream succeeded in two late-stage trials.
One of the worst stocks, meanwhile, is Wave Life Sciences Ltd (NASDAQ:WVE), dropping 49% to trade at $8.12. The company's therapy for Huntington's disease failed an early-stage study, sending the shares to a record low of $7.78 earlier. This is WVE stock's second bear gap this month.
