Bears Dig In to GrubHub

The Dow nabbed a new high atop the 29,000 region, before eventually sliding lower

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Midday Market Check
MIDDAY MARKET CHECK
 
 

1/10/2020

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Dow Hits Fresh High, 29K Before Cooling Off

By Lillian Currens

Share On

The Dow Jones Industrial Average (DJI) just sliced past the 29,000 level for the first time on record before pulling back near breakeven, as weaker-than-expected employment data finally managed to impact the blue-chip index. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also pulled back from their intraday peaks, even though the geopolitical outlook remains positive, with traders eyeing next week's scheduled "phase one" trade deal signing between the U.S. and China.

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

  • The GrubHub drama drawing options bears to the food delivery stock. 
  • Analysts flock to URBN stock with bear notes after a dismal holiday sales report. 
  • Plus, TWLO calls pop; CPAH doubles on Honeywell partnership; and PTLA eyes worst day ever. 
>> Continue reading...
LATEST HEADLINES
>> Options Bears Dig In After GrubHub Denies Sale Reports
GRUB gained 12.6% Wednesday on the sale report
>> Chip Stock Surges on Surprise Bull Note
NVDA has added 70% within the past 12 months
>> Dismal Holiday Sales Tank Urban Outfitters Stock
URBN posted an increase in total company sales, but a decrease in its wholesale segment
>> Stock Futures Try to Climb Despite Weak Jobs Report
Stock futures are holding above fair value despite the nonfarm payrolls report
>> Stocks Surge as VIX Dips
Wall Street's "fear gauge" on the other hand logged its fourth straight loss
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