Stocks, Bond Yields Fall Again

The retail sector is one of the worst performing areas of the market

May 29, 2019 at 12:09 PM
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Stocks are broadly lower today, as concerns about the economy and U.S.-China trade relations weigh. Bond yields are falling again, with the 10-year Treasury yield slipping to a nearly two-year low. The retail sector is one of the worst performing areas so far, as is the trade-sensitive tech sector. The Dow Jones Industrial Average (DJI) has dropped almost 400 points as a result, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are staring at stiff losses, as well.

Continue reading for more on today's market, including: 

midday market stats may 29

There's unusual options trading on Beyond Meat Inc (NASDAQ:BYND), as the stock trades up another 6.3% at $91.39. New positions are opening at the weekly 5/31 90-, 95-, and 100-strike calls, as traders seem to be betting on more upside from BYND through week's end, when the contracts expire. The equity's week-to-date lead is already pushing 15%.

The shares of acoustic shockwave technology specialist Soliton Inc (NASDAQ:SOLY) continue their amazing run on the charts. After trading as high as $29 earlier, the stock was last seen trading up 26.3% at $19.38, thanks to news of positive data in the company's proof-of-concept trial for its cellulite treatment. SOLY yesterday rallied after the Food and Drug Administration (FDA) approved its tattoo removal device. The shares were trading around $5 just a few sessions ago.

soly chart may 29

One of the worst stocks today is Canada Goose Holdings Inc (NYSE:GOOS), down 24.7% at $36.93 -- fresh off an annual low of $35.78 -- after the company's revenue growth was slower than expected in the fiscal fourth quarter. GOOS stock dove almost 13% after last quarter's earnings release, as well, but most analysts have been bullish toward the apparel concern.

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