Dow Jones Industrial Average Winning Streak at Risk as Oil Prices Reverse

The Dow Jones Industrial Average (DJIA) is lower at midday, as stocks react to weak Chinese trade data and a sharp reversal in oil prices. Specifically, April-dated crude futures were last seen down 2.9% at $36.81 per barrel, after Kuwait said it would freeze production only if all other major exporters were on board and Goldman Sachs questioned a sustained rally in commodity prices. As such, the Dow is on track to snap its five-day winning streak, while the broader S&P 500 Index (SPX) has given up a temporary foothold atop the 2,000 millennium mark.

Continue reading for more on today's market -- and don't miss:

• Why last week's all-star oil stock is tumbling back down to earth.
• SolarCity Corp (NASDAQ:SCTY) is rallying on a high-profile partnership -- but option traders aren't impressed.
• Plus ... Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.

Among stocks with unusual call volume is apparel retailer Urban Outfitters, Inc. (NASDAQ:URBN), with the contracts running at nine times the anticipated intraday rate. Most active is the in-the-money March 29 call, where traders may be buying to open positions in the hopes of extended upside through front-month expiration at next Friday's close. Most recently, URBN was seen 16.7% higher at $32.89, on the heels of a standout earnings report and positive analyst attention.

One of the biggest losers on the Nasdaq is JetBlue Airways Corporation (NASDAQ:JBLU), following a downbeat forecast on one key industry metric. At last check, the airline stock has declined 7.9% to trade at $20.18.

Shake Shack Inc (NYSE:SHAK) is one of the leading laggards on the Big Board, sliding 11.2% to $37.54 on disappointing sales guidance and a price-target cut at Barclays. Shares of the restaurant chain are now in danger of closing below their 20-day moving average for the first time since mid-February.

The CBOE Volatility Index (VIX) is up 0.9 point, or 5.1%, at 18.24.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.88, with puts nearly doubling calls. SPY is currently down 1.6 points, or 0.8%, at $199.03.