Bull Notes Galore for Blue-Chip Tech Name

The Nasdaq and S&P 500 are firmly in the black at midday

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Schaeffer's Midday Market Check
7/20/2021
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Dow Rises 500 Points as Rally Gains Momentum


By: Fernanda Horner

Stocks are on a tear midday, as investors shake off delta variant fears and buy the dip in the wake of yesterday's selloff. The Dow Jones Industrial Average (DJI) is up more than 500 points, working to recover from its worst day in eight months. A rebound in bank shares and reopening plays, as well as energy and industrial stocks, has the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) firmly in the black as well.

Elsewhere, investors are still closely monitoring the 10-year Treasury yield, which fell to a five-month low on Monday but was flat earlier today. And after climbing past the 20 level for its highest close since May 13 yesterday, the Cboe Volatility Index (VIX) is on track to snap a three-day winning streak.

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

  • Post-earnings bull notes boost blue-chip tech stock.
  • Halliburton stock beats estimates amid service rebound.
  • Plus, options bulls hungry for TXRH; drug stock surges on variant-effective antibody cocktail; tech name plummets on organizational shakeup.
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Bitcoin crackdown could be days away


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