Apple Rival to Buy on the Dip

The Dow sports a 204-point lead at midday

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Schaeffer's Midday Market Check
10/01/2021
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Stocks Mixed as Investors Try to Brush Off Economic Anxieties


By: Lillian Currens

The Dow Jones Industrial Average (DJI) is up 204 points at midday, after trading sideways this morning as September's anxieties over inflation and slowing economic growth continue to grip Wall Street. Meanwhile, the S&P 500 Index (SPX) is slightly higher, and the Nasdaq Composite (IXIC) is sporting a muted loss.

Merck (MRK) shared a positive update on its oral antiviral Covid-19 treatment earlier, boosting airline stocks, though the news weighed on vaccine stocks. Investors are also sifting through some fresh economic indicators, including personal income data, which added 0.2% in August, and the core personal consumption expenditures price index, which saw a higher-than-expected 3.6% year-over-year rise.  

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

  • The Apple rival call traders have been targeting recently. 
  • How Nio is making waves in the electric vehicle space. 
  • Plus, BMRA strikes agreement with Walmart; FDA roadblock hurts OMER; and why options traders are blasting UAL. 
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