August 3, 2017 Market Wrap Up

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If the markets had a song it would be: “All we do is win” as the Dow hit 22K today. However, we did see some minor selling pressure in the S&P 500 and Nasdaq.

Earnings highlights included: STMP +35.89%, TEVA -24%, GPRO +15.94%, and WTW +14.05%

The VIX is still hovering around multi-decade lows, closing today at 10.44.

Index ETF movers: SPDR S&P 500 ETF (SPY) -0.19%, iShares Russell 2000 (IWM) -0.5%, SPDR Dow Jones Industrials Average ETF (DIA) +0.08%, and PowerShares QQQ ETF (QQQ) -0.39%

Commodity and futures related ETF movers: United States Oil Fund (USO) -1.18%, iShares 20+ Year Treasury Bond (TLT) +1.03%, SPDR Gold Shares (GLD) +0.16%

On the options front, we saw large call buying activity in Sinovac Biotech Ltd. (SVA), which traded 9.8 times normal option volume. In addition, we saw heavy put buying in Dave and Buster’s Entertainment Inc. (PLAY), which traded 4.4 times normal option volume.

Economic Releases:
4 August 2017- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

Key Earnings:
4 August 2017- AEE, CBOE, NWL, RMAX, TRVG, WCG

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