The major indexes are trading mixed at midday
Stocks are mixed midday as investors focus on rising bond yields, particularly spikes from the 10- and 30-year notes. The Dow Jones Industrial Average (DJI) is down 311 points, eyeing its worst day in two weeks, while the S&P 500 Index (SPX) sits just below breakeven, and the Nasdaq Composite Index (IXIC) sports a modest gain.
Healthcare giant UnitedHealth (UNH) is weighing on the DJI, down 4% at last glance. Elsewhere, Bitcoin (BTC) just hit a fresh record high after surpassing its previous January peak.
Continue reading for more on today's market, including:
Options traders are targeting Toll Brothers Inc (NYSE:TOL), after the company's fiscal second-quarter profit beat. So far, 3,341 calls and 5,466 puts have been exchanged, which is already 6 times the overall options volume TOL typically sees at this point in the day. The weekly 5/23 100-strike put is the most popular, followed by the 95-strike put in the same series. At last glance, the shares were up 2.3% at $106.92.
Toronto-based retail stock Canada Goose Holdings Inc (NYSE:GOOS) is soaring today, up 27% at $11.32 at last check, after the company posted strong fiscal fourth-quarter results, though it also withheld its full-year guidance amid tariff uncertainty. Now trading at its highest levels since late February, the equity has broken into positive territory for the year with a 12.8% gain.
Apparel name VF Corp (NYSE:VFC) was last seen down 11.5% at $12.77, after The North Face parent's fiscal fourth-quarter revenue miss, though earnings beat expectations. Newfound support at the $12 level is providing a floor for the pullback, keeping the shares from moving back down toward their recent April 9, 16-year low of $9.41. Year-to-date, the equity is down 40%.
