Dow Pushes Higher As Tech Sector Slumps

The Dow Jones Industrial Average () is making another run at  today, up over 200 points at last check. The S&P 500 Index (), after spending the morning in the red, has clawed its way into positive territory, while the Nasdaq Composite (IXIC) remains modestly lower amid a broader tech sector pullback. Earnings and import prices are holding investor attention today, with  in focus and the latter falling 0.4% in September, steeper than estimates. MMC Stats Oct 16
Cameco Corp (NYSE: ) stock is seeing unusual options activity today. At last check, over 75,000 calls have changed hands, volume that’s 5 times the average intraday amount and 3 times the number of puts traded. The November 60 call leads the way, while the 55-strike in the same standard series is also popular. CJJ is up 4.5% to trade at $54.04, trading at its highest level since June after bottoming out at $35.43 on Aug. 5.  Delta Air Lines, Inc. (NYSE: ) is up 4.4% to trade at $55.05 today, one of the best stocks on the SPX. Airline stocks across the board are getting a halo lift from United Airlines’ (UAL) outstanding earnings report.  earlier hit a four-year high of $55.98, and is now up 36.6% in 2024. Intel Corp (Nasdaq: ) is down 3.3% to trade at $21.90 today, near the bottom of the SPX, after China’s Cybersecurity Association recommended a review of Intel’s products sold in China.  is down 56.3% year-to-date, carving a channel of lower lows despite recent consolidation below $24.MMC Stock Chart INTCMore By This Author:

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