Options Traders See Sharp Move in Finance Stocks

Traders are reacting to another weak jobs report

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OPENING VIEW     6/07/2019
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Stock Futures Pare Gains After Jobs Data By Josh Selway Share On Stocks could be set for a rocky open, with all eyes on the May jobs report. The Labor Department's numbers showed nonfarm payrolls increased by just 75,000 last month, 100,000 fewer than expected, while the growth in wage gains was also weak. This follows a disappointing ADP jobs data from Wednesday, and will stir more chatter about a potential rate cut from the Fed. As for now, the Dow Jones Industrial Average (DJI) is pointing to a positive open -- though futures have pared their earlier gains -- as the index paces for a big weekly win. Continue reading for more on today's market, including:  Calls pop on electronics stock after upgrade. Options traders bet on volatility in finance stocks. Why technical traders should target pot stock ACB. Plus, 2 young stocks set to soar after earnings; and 2 names to watch on the M&A front. >> Continue reading...
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