Dow On Track For Longest Losing Streak Since 1970’s

The Dow Jones Industrial Average () is down 210 points midday, headed for its ninth-straight daily loss. This would mark the blue-chip index’s worst daily losing streak since since 1978, according to Dow Jones Market Data. The S&P 500 Index () and Nasdaq Composite Index (IXIC) are firmly lower as well, as investors digest this morning’s retail sales data and look ahead to tomorrow’s MMC Dec17
Tesla Inc (Nasdaq: ) stock is hitting record highs after an upgrade from Mizuho to “outperform” from “neutral.” Shares were last seen up 3.4% at $478.72, and earlier traded as high as $483.99. The  is even more popular than usual amongst options bulls today, with 1.43 million calls exchanged so far — double the call volume typically seen at this point. The December 500 call is the most popular by far, with new positions being opened. TSLA Dec17
Quantum Computing Inc (Nasdaq: ) is up 47% at $16.29 at last glance, after the company landed a contract with NASA to enhance its imaging reconstruction and data processing capabilities. Jumping to its highest levels since February 2021, QUBT is up 132% already this month. Marvell Technology Inc (Nasdaq: ) is one of the worst performing stocks on the Nasdaq today, down 8.2% at $114.54 at last check. The shares yesterday hit a record high of $126.15, enjoying a boost from the overarching artificial intelligence (AI) boom. Year to date,  is up 89.5%. More By This Author:

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