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All three benchmarks below noon
Stocks are down today after a great month for the market. The Dow Jones Industrial Average (DJI) is down 245 points at noon as investors await the Federal Reserve’s interest rate decision.Wall Street is being demolished employment data, and the January Manufacturing Purchasing Managers’ Index (PMI) was 47.4%, showing a larger-than-expected contraction. Meanwhile, December job openings surged to his 11 million from 10.4 million the previous month.
Continue reading to learn more about today’s market, including:
- Analyst: Sentiment Foot Locker Stocks too weak.
- options trader We are blowing up snap stocks after the results.
- Additionally, MTCH sees very hot options activity. PTON surges on positive forecast. GNS withdraws from the rally.
Option traders are picking up stocks Match Group Inc. (NASDAQ:MTCH), after Tinder owners’ disappointing Q4 results and downward forecasts. The company also announced an 8% reduction in headcount. So far, 19,000 calls and 16,000 puts have crossed the tape, with overall volume eight times his intraday average. The 48.50 strike call on 2/3 every week is the most popular and new positions are being opened there. MTCH last fell 8.4% as he traded at $49.55 and recently he has been under pressure at the 160-day moving average.
Peloton Interactive Inc. (NASDAQ:PTON) The company is trading at its highest level since May, with earnings forecasts for a positive third quarter beating estimates. Peloton reported mixed second-quarter results, posting a wider-than-expected loss of 98 cents per share, but earnings of $792.7 million easily beat estimates. PTON is up a whopping 95.2% since its launch in 2023.
Genius Group Limited (NYSE:GNS) being pulled back from recent meetings After announcing the spin-off of Entrepreneur Resorts. The stock dropped 5.3% at the last check to $5.18, returning to penny stock territory. Still, GNS has come a long way since its sub-$1 year.
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