Bitcoin is benefiting from favorable winds today
Stocks are flat at the start of the week, with all three major indexes cautiously higher at midday. Despite the slow pace, Wall Street’s “fear gauge,” the Cboe Volatility Index (VIX), is heading toward its highest close in more than a week. Oil price are also on the rise and Bitcoin (BTC) is seeing outsized gains. Bond yields are hot ahead of the central bank meeting that begins tomorrow, with the 10-year Treasury yield last hitting a 16-year high.
Keep reading to learn more about today’s market, including:
- PayPal Shares a serious risk of degradation.
- Food Delivery Stock gets an overdue upgrade.
- Additionally, crypto bulls are surging; VLO benefits from favorable winds in the oil sector; and MRNA blocked.
Options traders are having a field day with Riot Platforms Inc (NASDAQ:RIOT) as part of the crypto sector and broader BTC rally today. At last check, 56,000 calls had already been exchanged, double the intraday average. The weekly call on September 22 at 11:50 a.m. is the most popular, with the purchase of new positions for opening. RIOT is up 5.9% to trade at $11.41 at last check and is up 238% in 2023.
Valero Energy Company (NYSE: VLO) The stock is up 1.8% to trade at $146.24 at last check, one of the top stocks in the S&P 500 Index (SPX). Energy companies are broadly higher as oil supplies tighten, while Mizuho and BofA Global Research raised their price targets to $174 and $161, respectively. The VLO is 15% higher in 2023.
Moderna Inc (NASDAQ:ARNM) The stock is near the bottom of the Nasdaq, last seen down 8.3% at $105.05, after Pfizer forecast a 24% Covid vaccination rate in the United States for 2023. L ARNM is down 41% since the start of the year, compared to last week. vaccine against influenzaThe rally-driven rally was blocked by its 80-day moving average.
Bitcoin is benefiting from favorable winds today
Stocks are flat at the start of the week, with all three major indexes cautiously higher at midday. Despite the slow pace, Wall Street’s “fear gauge,” the Cboe Volatility Index (VIX), is heading toward its highest close in more than a week. Oil price are also on the rise and Bitcoin (BTC) is seeing outsized gains. Bond yields are hot ahead of the central bank meeting that begins tomorrow, with the 10-year Treasury yield last hitting a 16-year high.
Keep reading to learn more about today’s market, including:
- PayPal Shares a serious risk of degradation.
- Food Delivery Stock gets an overdue upgrade.
- Additionally, crypto bulls are surging; VLO benefits from favorable winds in the oil sector; and MRNA blocked.
Options traders are having a field day with Riot Platforms Inc (NASDAQ:RIOT) as part of the crypto sector and broader BTC rally today. At last check, 56,000 calls had already been exchanged, double the intraday average. The weekly call on September 22 at 11:50 a.m. is the most popular, with the purchase of new positions for opening. RIOT is up 5.9% to trade at $11.41 at last check and is up 238% in 2023.
Valero Energy Company (NYSE: VLO) The stock is up 1.8% to trade at $146.24 at last check, one of the top stocks in the S&P 500 Index (SPX). Energy companies are broadly higher as oil supplies tighten, while Mizuho and BofA Global Research raised their price targets to $174 and $161, respectively. The VLO is 15% higher in 2023.
Moderna Inc (NASDAQ:ARNM) The stock is near the bottom of the Nasdaq, last seen down 8.3% at $105.05, after Pfizer forecast a 24% Covid vaccination rate in the United States for 2023. L ARNM is down 41% since the start of the year, compared to last week. vaccine against influenzaThe rally-driven rally was blocked by its 80-day moving average.
