Calls Surge on Controversial Coffee Stock

The Dow finished the day more than 1,000 higher

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Market Recap
MARKET RECAP
 
 

4/06/2020

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U.S. Stocks, Gold Surge to Start Week

By Laura McCandless
Share On

The Dow, with help from Boeing (BA), continued its rally to start the week, closing up over 1,600 points. The Nasdaq and S&P 500 both closed at 7% or above with utilities, materials, and tech sectors surging. Investors were encouraged by the appearance of slowing coronavirus rates in New York and Europe as well as the Trump Administration's announcement of stabilizing hospital rates. However, in the last few hours of trading, the U.K. government revealed that Prime Minister Boris Johnson has been moved into the intensive care unit (ICU) due to worsening coronavirus symptoms.

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

  • GM stock rises alongside its mask manufacturing.
  • Behind Luckin Coffee stock's options volume surge.

  • Plus, Kraft Heinz switches up its production; JetBlue stock shakes off downgrade; and China streaming stock eyes technical trouble.
>> Continue reading...
LATEST HEADLINES
>> Options Volume Runs High on Controversial Coffee Chain
Overall options volume is pacing in the 99th annual percentile today
>> China Streaming Stock Eyes Technical Trouble
Huya's 80-day moving average has had bearish implications in the past
>> Puts Popular as GM Stock Rallies
GM puts are all the rage lately
>> The Nevada Discovery That Could Jeopardize Chinese Dominance
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>> JetBlue Stock Surging Despite Sector Skepticism
J.P. Morgan Securities downgraded JBLU to "neutral" from "overweight"
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