S&P 500, Nasdaq Hit Record Highs

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. 

MMC May15


Dell Technologies Inc (NYSE: DELLis 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. 

DELL May15


Sow Good Inc (Nasdaq: SOWGis 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
Wall Street Weighing The Latest Inflation Data
Dow Snaps Winning Streak Ahead Of Inflation Data

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with