Don't Let This Oil Stock Slip Away

The Dow is carrying a triple-digit loss at midday

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Schaeffer's Midday Market Check
6/15/2021
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S&P 500 Slips from Intraday High as Investors Await Fed Insight


By: Fernanda Horner

Stocks are lower at midday, as investors look ahead to the conclusion of the Federal Reserve's two-day policy meeting tomorrow, in hopes that it will shed light on potential tapering plans and inflation. Wall Street is also digesting economic data, which showed a worse-than-expected decline in retail sales data, as well as the highest 12-month increase for the producer price index (PPI) ever recorded.

In response, the Dow Jones Industrial Average (DJI) was last seen down 173 points. Meanwhile, the S&P 500 Index (SPX) is modestly lower after hitting a fresh intraday high earlier, and the Nasdaq Composite (IXIC) is firmly in the red, also falling from yesterday's record close.

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

  • Fresh bull notes helped this oil and gas stock move higher.
  • Sage Therapeutics stock sank on dismal drug trial results.
  • Plus, options traders blast WOOF; ALF pops after ride-share deal; and PDSB plummets on discounted public offering.
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