AMC Sinks as Pandemic Bites Back

The Dow is down more than 760 points at midday

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7/19/2021 Have you seen our volatility scorecard? Sign up by clicking here! Dow on Pace for Worst Day of 2021 as Covid-19 Fears Weigh By: Fernanda Horner The Dow Jones Industrial Average (DJI) is down more than 760 points at midday and is eyeing its worst daily drop for 2021, as Covid-19 infections rise across the globe,  taking a massive hit on reopening plays and threatening the economic rebound. Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are swimming in red ink as well, while the Cboe Volatility Index (VIX) -- also known as Wall Street's fear gauge -- surged to its highest level since May. Contributing to today's pessimism is a freefalling 10-year Treasury yield, which earlier hit a five-month low. Plus, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) said it would start phasing out production cuts by September 2022, sinking energy stocks and stoking concerns of slowing growth for the sector. Continue reading for more on today's market, including:  Surprise quarterly losses push Cal-Maine Foods stock lower. AMC Entertainment stock plummets as Covid-19 fears reemerge. Plus, VOD options running hot; biopharmaceutical name surges on promising drug trial data; and Wall Street newbie falls from record highs. Share on Read More...       Is the US government coming after Bitcoin? Bitcoin could crash soon. And even if you don't have a penny in cryptos YOU are going to feel the impact. The government is so afraid of cryptocurrency that some worry Biden will ban Bitcoin using a "backdoor" approach. Investors who know what to do could grow their money 60-fold in the months ahead. Get details here. Sponsored In Case You Missed It... What Options Traders Are Expecting for AN After Earnings AutoNation reported upbeat second-quarter results Cal-Maine Foods Stock Slides on Surprise Quarterly Losses The company reported fiscal fourth-quarter losses of 9 cents per share Reopening Anxieties Send AMC Lower The stock is eyeing its lowest close in almost two months Estée Lauder Stock Takes Breather From Record Highs EL just announced the promotion of Sue Fox to President of U.K., Ireland Bitcoin crackdown could be days away Evidence is growing that the U.S. government is conspiring to take down Bitcoin. The signs are everywhere. The CEO of Kraken, a top crypto exchange, warns a "crackdown" is coming. And if you have a bank account, collect Social Security or get a paycheck, it is going to impact you, even if you don't own Bitcoin! Urgent briefing has the details. Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.