The Dow Jones Industrial Average () is down triple digits this afternoon, as traders unpack this morning’s . U.S. job openings rose to 7.74 million in October, topping expectations of 7.5 million and pointing to a stronger labor market.The S&P 500 Index () is modestly lower as well, while the Nasdaq Composite (IXIC) holds on to a slim gain after earlier inching to a fresh record high. Elsewhere, U.S.-listed South Korean stocks are falling, after President Yoon Suk Yeol declared emergency martial law, which has since been overturned by the region’s National Assembly.
Options bears are targeting PG&E Corp (NYSE: ) today, as the stock rebounds from yesterday’s 5% drop. PCG today announced the pricing of a $2.4 billion stock offering, and was last seen up 2.7% at $21.10. So far, 24,000 puts have been exchanged — 18 times the put volume typically seen at this point and over 4 times the amount of calls traded. The January 2025 20-strike put is the most popular contract by far, with new positions being sold to open here. Janux Therapeutics Inc (Nasdaq: ) is one of the top performers on the Nasdaq today, up 58.6% at $63.73 at last glance, after the biotech’s prostate cancer drug trial results exceeded expectations and had a “well-tolerated safety profile.” Headed for its best day since February, the stock earlier hit a record high of $71.25. Shares of United States Steel Corp (NYSE: ) are down 8.9% at $37.29 at last look, after President-elect Donald Trump echoed his position against Nippon Steel’s takeover of the company, saying he will block it. On the short sell restricted (SSR) list amid the volatility, X is down roughly 23% in 2024. More By This Author:
S&P 500 Cools From Post-Election Record Highs
