Stocks are mixed Wednesday. The Dow Jones Industrial Average’s () win streak is at risk, with the blue-chip index on track for its first loss in five sessions, brushing off its earlier record high. Meanwhile, the S&P 500 Index (), which also hit an all-time high, is fractionally lower, while the Nasdaq Composite (IXIC) sports a solid midday lead.Investors are still keeping an eye on the , but attention is turning to home sales data. Specifically, new home sales fell 4.7% last month, moving down to 716,000 and below July’s revised reading for 751,000.
Shares of FanDuel’s parent company Flutter Entertainment PLCE (NYSE: ) are 8.6% higher at $247.83 this afternoon, after the firm revealed a $5 billion stock buyback program and detailed plan for long-term growth. While total volume is low, options traders are targeting FLUT at a higher-than-usual rate. Already, 3,046 calls and 199 puts have crossed the tape, which is 7 times the average intraday volume. The most activity is taking place at the December 250 call, while new positions are opening at the next most popular contract, the 300 call from the same monthly series. Year to date, Flutter Entertainment stock is up 38.5% and earlier shares touched a record high of $252.83.Shares of Intel Corp (Nasdaq: ) are 5.3% higher at $24.02 this afternoon and standing near the top of the SPX. The stock is on track for its fifth-straight daily win, with gains accelerating amid rumors that at least are interested in taking a major stake or outright buying the chipmaking giant. Year to date, INTC is down 52.8%.
Tyson Foods Inc (NYSE: ) is one of the worst SPX stocks today, off by 4.1% to trade at $58.07 at last glance. This follows a bear note from Piper Sandler, who downgraded TSN to “underweight” from “neutral” and cut its price target to $50 from $57, citing rising cattle costs and declining beef prices as potential headwinds. Today’s drop has Tyson Foods stock pulling back towards its year-to-date breakeven mark, up 8% now in 2024.More By This Author:Dow Scores 3rd-Straight Record CloseDow Scores Record High; Investors Parse Key Economic DataWall Street Secures Weekly Win Despite Shaky Session
Dow, SPX Nab New Highs Before Turning Lower
