The Dow Jones Industrial Average (DJI) is up xx points midday, earlier nearing an all-time high, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) hit their own record highs, as the market enjoys tailwinds from yesterday’s cooler-than-expected inflation data. Bond yields are dropping in response, while April retail sales came in flat, compared to analysts anticipated 0.4% rise.
Dell Technologies Inc (NYSE: DELL) is up 8.6% at $145.60 at last check, hitting record highs, after a price-target hike from Morgan Stanley to $152 from $128. Options traders are blasting the stock in response, with 53,000 calls and 24,000 puts exchanged so far — 2.3 times the overall average daily options volume already. The June 145 call is the most popular contract, where new positions are being opened.
Sow Good Inc (Nasdaq: SOWG) is one of the top stocks on the Nasdaq today, after the food processing name’s strong quarterly results. At last glance, SOWG was up 22.4% at $13.60, on track for its fourth straight daily gain. Since last May, the equity sporting a 138.6% gain. On the other hand, the shares of GameStop Corp (NYSE: GME) are down 32.9% at $32.70, in what appears to be the end of the ‘meme stock’s’ short squeeze rally. Pulling back from last session’s nearly three-year high of $64.83, the security is on the short sell restricted (SSR) list today. Since the start of the year, GME is up 83%. More By This Author:Dow, Nasdaq Bounce Back With Triple Digit Wins
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