Options Bears Crack Into Egg Producer After Earnings

The Dow added 90 points on Wednesday

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Schaeffer's Market Recap
9/29/2021
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Indexes Close Mixed as Investors Eye Government Shutdown


By: Fernanda Horner

The major indexes were mixed on Wednesday, with investors rushing to buy the dip in tech stocks, as the 10-year U.S. Treasury yield took a breather from yesterday's surge. The Dow added 90 points, despite surging to triple digits at its session highs. The S&P 500 also notched a win, while the tech-heavy Nasdaq posted a modest loss, despite Apple (AAPL) and Netflix (NFLX) charging higher. 

In other news, U.S. Federal Reserve Chairman Jerome Powell told the European Central Bank (ECB) on Wednesday that bottlenecks and supply issues were "frustrating," and that they may last into 2022, causing inflation to hold up for longer than previously estimated. Elsewhere, Treasury Secretary Janet Yellen said Congress has until Oct. 18 to raise or suspend the U.S. debt ceiling, as Senate Majority Leader Chuck Schumer attempts to make lawmakers vote today on a bill that would fund the government into December.

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

  • Options bears cracked into this egg producer after earnings.
  • United Microelectronics stock could soon nab a fresh record high.
  • Plus, Netflix stock delves into video game market; keep tabs on this electric vehicle stock; AbbVie's migraine drug gets approved.
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