Dropbox Options Pick Up After Earnings

More COVID-19 cases were reported in China overnight

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Market Recap
 
 

2/21/2020

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Stocks Slide as Gold Logs Best Week Since June

By Patrick Martin

Share On

The Dow stumbled into the weekend with an 227-point loss. The blue-chip index breached the 29,000 level amid resurfacing coronavirus fears, after over 800 new cases were reported overnight in China. The S&P 500 and tech-rich Nasdaq also finished sharply lower, with FAANG stocks and the chip sector among the day's notable laggards. All three benchmarks finished with weekly losses of 1% or more.

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

  • Dropbox options were red hot after earnings.
  • Coca-Cola gave a coronavirus update that isn't as bad as feared.
  • Plus, Fitbit falls post-earnings; a big upgrade for CHWY; and SPX sounding a bullish signal. 
>> Continue reading...
LATEST HEADLINES

>> Surging Dropbox Stock Attracts Options Bulls
Dropbox just announced a $600 million share buyback, and posted a Q4 earnings beat
>> Why One Investor Is Betting $523,111 on This 1 Stock
This small, California-based company is pioneering breakthrough technology that is enabling companies to move vast quantities of data over the Internet at lightning speeds.
>> IRA/401K Investment Guide: 2019 Stock Market Crash
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.
>> Coronavirus Drags Wall Street Into The Red
The coronavirus outbreak is starting to impact company's earnings reports
>> Fitbit Stock Shocks Wall Street
FIT has surged 111% over the past six months
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