TWTR Sees Call Surge on Upgrade

The Dow is down over 75 points midday

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Schaeffer's Midday Market Check
3/29/2021
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Stocks Fall as Billion-Dollar Liquidation News Weighs


By: Laura McCandless

The Dow Jones Industrial Average (DJI) is down over 75 points midday. Bank stocks are putting pressure on the blue-chip index, after word came that Hwang’s Archegos Capital Management sold some $30 billion in holdings. Falling government bond yields aren't helping banks much either. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are in the red as well, with the former down triple-digits as tech also takes a tumble on news of the firm's forced liquidation. Meanwhile, investors cheered the refloated Ever Given ship, which had been a deadweight on the global economy in its stuck state. 

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

  • Options bulls flock to Twitter stock after upgrade.
  • Why CALM is failing to capitalize on its earnings beat
  • Plus, options bulls eye MAXR after army contract; FLY takes off on buyout buzz; and ORPH falls after trial results. 
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