Call Traders Pile on After Gilead's Big Day

Jobless claims surpassed expectations for the seventh-straight week

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4/30/2020

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Stock Futures Dinged by Jobless Claims

By Patrick Martin
Share On

Dow Jones Industrial Average (DJI) futures are eyeing a modest move below fair value this morning. The latest batch of weekly jobless claims is weighing on Wall Street, with the 3.8 million unemployment filings toppling the 3.5 million estimate. The ugly numbers --a seventh straight week surpassing analyst estimates -- are overshadowing the latest corporate reports from the likes of McDonald's (MCD) and Microsoft (MSFT). Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are drifting lower as well, despite FAANG giant Facebook (FB) reporting a first-quarter earnings beat thanks to stabilizing ad revenue. 

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

  • Options bulls flocked to Gilead Sciences stock yesterday.
  • Facebook stock was rallying even before its quarterly report.
  • Plus, AstraZeneca teams up with Oxford University; Twitter daily active users soar; and Dunkin' dinged by sales numbers.
>> Continue reading...
LATEST HEADLINES
>> Dow, Oil Close With Strong Wins
June-dated crude rose 22% for first gain in three sessions
>> Call Traders Blast Gilead Sciences Stock After Big Day
Weekly calls are all the rage today
>> Facebook Stock Extends Rally Ahead of Quarterly Report
Facebook is expected to post its quarterly results after the close this afternoon
>> Ciena Stock Has Room to Run
The security has found plenty of support on the charts as it chugs higher
>> Options Bulls Entertain More Upside for AMC
AMC said it would no longer screen Comcast subsidiary Universal Studio's movies
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