The Latest Breaking News from Dow

Stocks roared higher Tuesday. Elon Musk plans Tesla job cuts, with TSLA stock soared. Kellogg will split into 3 companies.

Futures rose as Bitcoin rebounded. It's a bear market, so stay safe. Tesla rival BYD is among a few stocks setting up.

Someone with a lot of money to spend has taken a bearish stance on Dow (NYSE:DOW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Futures tumbled, threatening to wipe out Wednesday's market rally in a day two reaction to the biggest Fed rate hike since 1994.

Neither scenario seems great for stocks. The major indexes closed mixed Tuesday as bond yields kept soaring.

Despite the market volatility, the healthcare sector is outperforming. Thus, we think it could be wise to buy dividend-paying healthcare stocks Gilead Sciences (GILD) and Dow (DOW), which look undervalued at their current price levels. These bargain stocks are rated Buy in our proprietary rating system.

U.S. stocks traded higher this morning, with the Dow Jones gaining by more than 100 points on Tuesday.

Dow's (NYSE:DOW) short percent of float has risen 17.28% since its last report. The company recently reported that it has 13.82 million shares sold short, which is 1.9% of all regular shares that are available for trading.

The Federal Reserve backed the biggest rate hike since 1994 to rein in hot inflation. The Dow Jones rose solidly, but off intraday highs.