The DJIA is getting punished today, despite sharp gains in crude oil prices
The
Dow Jones Industrial Average (DJIA) is down triple digits -- pulling back after
yesterday's massive gains -- with
Walt Disney Co (NYSE:DIS) leading the way south on its first earnings miss in five years. More generally, retail stocks are getting killed on quarterly results and bleak forecasts, pressuring the broader
S&P 500 Index (SPX). On the other hand, oil prices have bounced sharply higher after a surprise weekly decline in crude inventories, with June-dated oil futures last seen up 2.8% at $45.92 per barrel.
Continue reading for more on today's market -- and don't miss:
Among the stocks with unusual put volume today is luxury retailer
Michael Kors Holdings Ltd (NYSE:KORS), dragged lower by M and this sector peer's
earnings miss. At last look, KORS was down 12% at $43.90, and on the short-sale restricted (SSR) list -- sending intraday put volume to 10 times the usual rate.
On the other hand,
Canadian Solar Inc. (NASDAQ:CSIQ) is one of the biggest gainers on the Nasdaq, fresh off
upbeat earnings. At last check, CSIQ is 15% higher at $17.78.
The
CBOE Volatility Index (VIX) is up 0.1 point, or 0.8%, at 13.74.
Today's put/call volume ratio on the
SPDR S&P 500 ETF Trust (SPY) is 0.80, with calls having a rare edge over puts. SPY is currently down 0.8 point, or 0.4%, at $207.63.
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