Dividend Hike Boosts Energy Stock

The blue-chip index is up 196 points at midday

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Schaeffer's Midday Market Check
8/03/2021
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Benchmarks Mixed as Slew of Economic Data Rolls In


By: Laura McCandless

Stocks are mixed at midday, as investors eye delta variant Covid-19 trends, as well as the stabilizing 10-year Treasury yield, which was still below 1.2% at last check. The Dow Jones Industrial Average (DJI) is up over 196 points this afternoon, while the S&P 500 Index (SPX) is sporting solid gains, and the Nasdaq Composite (IXIC) sits firmly in the red. In other news, household debt increased 2.1%, or $313 billion, in the second quarter -- its fastest growth since 2007. Meanwhile, despite the general supply shortage, U.S. factory orders jumped 1.5% in June, while nondurable goods rose 2.1%. 

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

  • BP stock pops after announcing dividend hike
  • Behind this video game stock's rapid drop. 
  • Plus, options bulls eye NVDA; TA jumps on blowout earnings; and downgrade sinks Clear Secure stock.
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