Sale Rumors Spark High-Volume Fitbit Rally

Weak German and eurozone factory data is weighing on stock futures

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9/23/2019

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Global Growth Concerns Pressure Dow Futures

By Karee Venema

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Futures on the Dow Jones Industrial Average (DJI) are churning below fair value this morning, as disappointing manufacturing data out of Germany reignites concerns of a slowing global economy. Data from IHS Markit also showed a sharp slowdown in eurozone factory activity in August, too. U.S.-China trade headlines continue to swirl, as well, with Beijing saying a visit from deputy negotiators last week was cut short following "constructive" talks, according to China's Commerce Ministry. Futures on the S&P 500 Index (SPX) and the Nasdaq-100 Index (NDX) are lower with the Dow, as U.S. markets head toward a negative open.

Continue reading for more on today's market, including: 

  • Ferrari options volume revved up.
  • Sale rumors sparked this high-volume Fitbit rally.
  • Plus, Piper Jaffray is bullish on Lululemon; EXACT Sciences gets a Cologuard boost; and a healthcare stock soaring in pre-market trading.
>> Continue reading...
LATEST HEADLINES

>> Analyst Starts LULU Stock at Overweight
The brokerage firm expects 20% upside from the yoga apparel name
>> Risks Rise for a Post-Rate Cut Pullback
Multiple signs point to a possible VIX spike on the horizon
>> Stocks Finish Lower After China Headlines Sour
All three benchmarks logged their first weekly loss in a month
>> Fitbit Call Options Fly Across the Tape Ahead of Expiration
Reports the company could explore a sale are driving FIT higher
>> Oil Volatile in Choppy Week for Stocks
Oil had its best day in over a decade on Monday
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