Unpacking RAD's Revenue Miss

The Dow is up 231 points at midday

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Schaeffer's Midday Market Check
6/24/2021
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Nasdaq, S&P 500 Nab More Fresh Records, Dow Up Triple Digits


By: Fernanda Horner

It's another sunny day on Wall Street, as investors brush off inflation fears and lackluster jobless data. The Dow Jones Industrial Average (DJI) is up 231 points at midday, and is now sitting roughly 3% away from its all-time high. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC), meanwhile, are both sitting comfortably in the black after scoring fresh records earlier in the session -- marking the Nasdaq's third-consecutive intraday high.

Investors are also cheering a 2.3% jump in U.S. durable goods orders for May, while keeping a close eye on negotiations over in Washington, D.C., where U.S. President Joe Biden's bipartisan infrastructure package will be up for further discussion later today. The Federal Reserve's annual bank stress test is fast approaching as well, set for release after the close this evening. 

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

  • Analyst praise pushed this casino stock to a 13-year high.
  • Options traders are responding to Rite Aid stock's revenue miss.
  • Plus, TTD gets blasted in the options pits; MRIN joins meme stock craze; and biotech name plummets on pricing of stock offering.
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