STOCKS GO NOWHERE ON NO NEWS: Here's What You Need To Know

Checking phone

Photo: flickr/kgnixer

Stocks wobbled a bit today.First the scoreboard:

Dow: 13,986, +7.2, +0.0 per cent
S&P 500: 1,512, +0.8, +0.0 per cent
NASDAQ: 3,168, -3.1, -0.1 per cent

And now the top stories:

  • There was no major economic news today.  There wasn’t much on the earnings announcement front either.
  • Stocks spent most of the morning down, temporarily positive at around 1:00 PM, and then down again for most of the afternoon.  Closing flat today, stocks continue to sit near their highest levels since late 2007.
  • However, there is some anecdotal evidence suggesting that some traders and investors are getting nervous.  UBS’s Art Cashin wrote that some mysterious options trader had made an $11.25 million bet that volatility would spike in the markets within the next two months. In a separate report, Barron’s noted that a trader had made an unusually large bet that bank stocks could fall.  It’s also possible that the position was taken to hedge an existing bank position.
  • Green Mountain Coffee Roasters announces their latest quarterly financial results after the closing bell.  Follow the release live at BusinessInsider.com.
  • Don’t Miss: MEET THE ‘ECHO BOOM’: The 80 Million People Who Will Save The American Economy >

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