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Market Volatility Continues as Dow, Nasdaq, and S&P 500 Fluctuate

Strategic Insights

— 1 min read

Trading on August 17, 2011, saw the Dow drop 0.21%, the Nasdaq fall 0.84%, and the S&P 500 decline 0.15%. Stocks initially rallied but were pulled down by economic data, resulting in directionless trading. Several key stocks were impacted, with Clorox (CLX), Dollar Tree (DLTR), and Hewlett Packard (HPQ) leading declines of 4%, while Arch Coal (ACI), Bed Bath and Beyond (BBBY), Caterpillar (CAT), Family Dollar Stores (FDO), and Visa (V) fell by 2%. Conversely, Advance Auto Parts (AAP), NYSE Euronext (NYX), Target (TGT), and Verizon Communications (VZ) saw gains of 2%, with Pandora Media (P) increasing by 5%. The Put/Call Volume Ratio stood at 1.16, and the Put/Call Open Interest Ratio was at 0.94.

Key Takeaways:

  • Stocks initially rallied but were pulled down by economic data, leading to directionless trading.
  • Clorox (CLX), Dollar Tree (DLTR), and Hewlett Packard (HPQ) saw declines of 4%.
  • Arch Coal (ACI), Bed Bath and Beyond (BBBY), Caterpillar (CAT), Family Dollar Stores (FDO), and Visa (V) fell by 2%.
  • Advance Auto Parts (AAP), NYSE Euronext (NYX), Target (TGT), and Verizon Communications (VZ) increased by 2%.
  • Pandora Media (P) rose by 5%.
  • The Put/Call Volume Ratio was at 1.16, and the Put/Call Open Interest Ratio was at 0.94.
  • Several stocks involved in the trading activity have been under Comtex SmarTrend, including Arch Coal (ACI) and Family Dollar Stores (FDO).
  • SmarTrend indicated a downtrend for ACI on July 29, 2011, and for FDO on August 4, 2011.

Statistics:

  • Dow dropped 0.21%
  • Nasdaq fell 0.84%
  • S&P 500 declined 0.15%
  • Clorox (CLX) decline: 4%
  • Dollar Tree (DLTR) decline: 4%
  • Hewlett Packard (HPQ) decline: 4%
  • Arch Coal (ACI) decline: 2%
  • Bed Bath and Beyond (BBBY) decline: 2%
  • Caterpillar (CAT) decline: 2%
  • Family Dollar Stores (FDO) decline: 2%
  • Visa (V) decline: 2%
  • Advance Auto Parts (AAP) increase: 2%
  • NYSE Euronext (NYX) increase: 2%
  • Target (TGT) increase: 2%
  • Verizon Communications (VZ) increase: 2%
  • Pandora Media (P) increase: 5%
  • Put/Call Volume Ratio: 1.16
  • Put/Call Open Interest Ratio: 0.94

Sources:

  • "MarketWatch" - Fresh Brewed Media via COMTEX (August 17, 2011)
  • Comtex SmarTrend Alert (Saturday, 08-13-2011 23:59)
  • SmarTrend website (www.mysmartrend.com)
  • Comtex News Network, Inc. (registered trademark and copyright holders)

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