The DJIA is down triple digits as WMT sinks to new lows
After an
ambiguous start, the
Dow Jones Industrial Average (DJIA) has conceded to the downside. The big-cap barometer is off more than 100 points -- and below the
key 17,000 level -- with retail heavyweight
Wal-Mart Stores, Inc. (NYSE:WMT) plummeting to new lows on uninspiring guidance.
Disappointing data abroad and at home is also weighing on stocks, with retail sales, business inventories, and the producer price index (PPI) all leaving much to be desired. Elsewhere, the
S&P 500 Index (SPX) has breached the
closely watched 2,000 mark.
Continue reading for more on today's market -- and don't miss:
Among the stocks with notable call volume is biotech
Zafgen Inc (NASDAQ:ZFGN). The stock is extending
Tuesday's sell-off, down 0.8% at $15.63 -- and just off a record low of $14.76 -- but option traders remain hopeful. Calls are changing hands at seven times the normal rate, with traders seemingly buying to open the October 17.50 call, meaning they expect a short-term rebound for the stock.
One of the top gainers on the Nasdaq is online travel portal
Tripadvisor Inc (NASDAQ:TRIP). The shares have jumped 18.1% to $78.77, on news of a
major partnership with Priceline Group Inc (NASDAQ:PCLN). Today's price action has TRIP back in the black on a year-to-date basis, and above its 200-day moving average for the first time since late July.
Among the biggest losers on the Big Board is entertainment stock
World Wrestling Entertainment, Inc. (NYSE:WWE). The shares are off 7.2% at $18.70 on no apparent news. WWE has been a technical wonder, picking up over 63% in 2015 before today's open.
The CBOE Volatility Index (VIX) is 0.8 point, or 4.4%, higher, though it topped out right at its 10-day moving average.
Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.57, with puts outnumbering calls. The SPY was last seen 0.8 point, or 0.4%, lower at $199.40.