Vaccine News Brings Out JNJ Options Bulls

The 10-Year Treasury yield is back on the rise

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Schaeffer's Midday Market Check
8/25/2021
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S&P 500, Nasdaq Extend Records on Delta Variant Decline


By: Laura McCandless

The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are on the rise midday, extending yesterday's record closes and nabbing fresh intraday highs. The Dow Jones Industrial Average (DJI), meanwhile, is more firmly in the black, as investors gain optimism on signs that the Covid-19 delta variant could be peaking. Meanwhile, the 10-year Treasury yield earlier climbed back above 1.3% to trade at two-week highs, after economic data showed U.S. durable goods orders fell 0.1% in July, narrower than the expected 0.5%. 

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

  • Urban Outfitters stock is tumbling after earnings.
  • Options bulls eye Johnson & Johnson stock after a vaccine update.  
  • Plus, DKS options surge amid record highs; SCSC jumps after an upbeat report; and SAVA plummets on allegations.
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