CCL Options Pop Despite Travel Woes

The major indexes all gave back modest gains in the final hour of trading

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Schaeffer's Market Recap
8/02/2021
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Dow Retreats From Record High as "Fear Gauge" Rises


By: Jake Scott

After spending most of the day higher, stocks retreated in the final hour to finish in the red on the first trading session of August. The Dow earlier nabbed a new intraday record high, but ultimately finished the session 97 points lower and has now ceded its year-to-date gain. Meanwhile, the S&P 500 and tech-heavy Nasdaq both finished with modest losses, as more strong earnings were overshadowed by an increase in Covid-19 cases. Elsewhere, the Cboe Volatility Index (VIX), Wall Street's "fear gauge," added nearly 7% today to nab its highest close since July 19. 

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

  • Carnival Cruise options are popular despite rising Covid-19 cases.
  • Why this solar stock is swimming in bull notes.
  • Plus, more on VXRT's big day; Square's billion-dollar acquisition; and Robinhood's market debut.
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