PepsiCo Calls Pop After Quarterly Win

Inflation data overshadowed the unofficial start to earnings season

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Schaeffer's Midday Market Check
7/13/2021
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Nasdaq, S&P 500 Score Record Highs as Dow Lags Behind


By: Jake Scott

The Dow Jones Industrial Average (DJI) is down 50 points midday, as Wall Street weighs a promising start to earnings season with the release of some rather hot inflation data. The S&P 500 Index (SPX) is muted, yet eked out another record high, while the Nasdaq Composite (IXIC) scored a record peak of its own earlier in the morning. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), is pacing for its fourth loss in five days.

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

  • This soda giant is a big post-earnings winner today.
  • Options bulls are piling on JPMorgan Chase stock.
  • Plus, Nokia options pop on beat-and-raise; OSAT soars after Alibaba deal; and Mediaco stock plummets from record highs.
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