S&P 500 and Nasdaq pivot higher on renewed strength in retail sector


The Dow is down a paltry 15 points at last check

The Dow Jones Industrial Average (DJI) is 15 points lower at noon, which is in addition to this morning’s pre-market losses as traders watch the release of the Federal Open Market Committee (FOMC) minutes this afternoon. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC)Meanwhile, strong midday sports gains amid renewed strength in the retail sector following upbeat earnings reports from Nordstrom (JWN) and Dick Sporting Goods (DKS).

Keep reading to learn more about the current market, including:

  • Analysts step in Dell Stock before winnings.
  • Learn more about this luxury stock beat and raise.
  • Additionally, place traders on cruising stocks; unpacking the surge in Carvana shares; and ASGN sinks on a downgrade.

Statistics MMC 0525

Carnival Corp (NYSE: CCL) sees an unusual amount of bearish options activity today. So far, 274,000 puts have traded hands, which is 12 times what you typically see at this point, as opposed to the 23,000 calls traded. The September 7.50 put is the most popular, where positions are currently open. The stock rose 1.8% to trade at $11.97 when last checked, although there is no reason available for the optimistic price action. Stocks have struggled against resistance at the 10-day moving average since April and yesterday fell to a two-year low of $11.56. From one year to the next, the CCA still shows a deficit of 57.7%.

CCA 10 days

Among the top performers on the New York Stock Exchange (NYSE) today is Carvana Co. (NYSE: CVNA), last seen up 15.5% at $30.77. Today’s push came after former US Vice President Dan Quayle, who is currently a director of the used car retailer, filed a form with the Securities and Exchange Commission (SEC) to disclose his purchase of 18,750 shares at an average price of $39.14 each. Equity is in trouble in 2022, already peaking at the roughly two-year low of $25.69 and the year-to-date deficit of 86.7%, as a ceiling forms at the level of $40.

Near the bottom of the NYSE today is ASGN Inc (NYSE:ASGN), last seen down 6.5% at $93.98. The stock was downgraded by Credit Suisse to “underperform” from “neutral” earlier, along with a lower price target of $90 from $110, with the brokerage noting an “uncertain environment” for the stock. society. Shares hit their lowest since July, although the $93 area looks like it could contain today’s losses. ASGN has already lost 23.5% in 2022.


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