EV Stock Looks Primed for a Short Squeeze

The blue-chip index is eyeing monthly losses, too

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Schaeffer's Midday Market Check
9/30/2021
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Dow Looks to Snap 5-Quarter Win Streak


By: Lillian Currens

The Dow Jones Industrial Average (DJI) is down 74 points this afternoon, weighed by drops in the energy and financial sectors, as it looks to close out the month and quarter with losses, snapping a five-quarter win streak in the process. Meanwhile, the S&P 500 Index (SPX) is flat at midday, while the Nasdaq Composite (IXIC) is sitting comfortably in the black, as tech takes advantage of a stable 10-year Treasury yield. Both the S&P 500 and Nasdaq are eyeing monthly losses, yet still pacing for quarterly wins, which would mark both indexes' sixth-straight rise.

Wall Street is also eyeing comments from Senate Majority Leader Chuck Schumer, who said late Wednesday that lawmakers have struck a federal funding deal that will avoid a government shutdown, with a vote scheduled for Thursday morning. 

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

  • Could Lordstown Motors stock be ready for a short squeeze?
  • AstraZeneca shares a big Covid-19 vaccine update. 
  • Plus, retail traders target CEI; VLTA hits record low; and Macy's stock struggles with sector headwinds.  
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