Reddit Stock Back in the Spotlight

The Nasdaq is in the red midday, though

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Schaeffer's Midday Market Check
8/10/2021
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Dow Pushes Higher as Oil, Bond Yields Climb


By: Patrick Martin

The Dow Jones Industrial Average (DJI) is eyeing triple-digit gains midday, and nabbed a new intraday record high in the process. The S&P 500 (SPX) is marginally higher and scored a fresh record peak of its own, although the tech-heavy Nasdaq Composite (IXIC) is taking a breather. Bank stocks are leading the charge in accordance to the rising 10-Year Treasury yield, while energy stocks are enjoying a revival as oil prices snap back. At last check, September-dated crude futures were up 3% at $68.43 per barrel.

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

  • See why this meme stock is back in the spotlight. 
  • Casper Sleep stock is at risk for downgrades.
  • Plus, call traders cheer EV coverage; 3D Systems stock soars; and SPCE's takeoff delayed.
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