Dow Slumps Further on Fresh Trade Tensions

A number of retailers are making huge moves, as well

May 31, 2019 at 12:06 PM
facebook X logo linkedin

Stocks are selling off today, with the Dow Jones Industrial Average (DJI) down 217 points and set for its first close below the 25,000 mark since January. The risk-off approach comes after President Donald Trump announced Mexico as his latest tariff victim, putting intense pressure on auto stocks in particular. The energy and tech sectors are also seeing notable losses once again, as well. While the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) follow the Dow deep into the red for the week and month, the Cboe Volatility Index (VIX) is moving higher.

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

midday market stats may 31

There's unusual options trading on Target Corporation (NYSE:TGT) today, as speculators wager on a move lower. Specifically, there's heavy activity at the June 80 put, and data points to buy-to-open activity. TGT was last seen trading right near the strike at $80.34, as it tries to hold the gains from its post-earnings bull gap.

Retail stock Williams-Sonoma, Inc. (NYSE:WSM) is one of the best performers today, trading up 12% at $57.77, thanks to the company's first-quarter profit beat and upwardly revised full-year forecast. However, the shares have seemingly stalled out near the $60 level that has served as a pivotal price point in the past year, while hovering right near the 200-day moving average.

wsm stock price may 31

Meanwhile, fellow retailer Gap Inc (NYSE:GPS) is getting crushed, trading at three-year lows, last seen down 11.2% at $18.29 due to weak same-store sales. A number of negative analyst notes have poured in, too, following what the company called a "extremely challenging" environment in the first quarter.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI