CBD Stock Jumps to Record High

The VIX is approaching the 20 mark for the first time since January

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Midday Market Check
 
 

5/07/2019

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Stocks Buried by China Fears

By Josh Selway

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The U.S. stock market is getting destroyed as investors worry about a growing trade war with China. These fears sent the Dow Jones Industrial Average (DJI) down more than 425 points at its session low, with all 30 Dow components trading in negative territory at last check. It's a similar setup for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), and the risk-off approach has resulted in another huge Cboe Volatility Index (VIX) spike. The "fear gauge" is approaching the 20 level, which it hasn't topped since January.

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

  • Founder and CEO Bernie Schaeffer looks at a gold ETF battling seasonal headwinds.
  • The drug data sending CBD stock GWPH to all-time highs.
  • Plus, a 7-figure put trade on a drugmaker; Crocs crushes estimates; and Mylan miss results in new low.
>> Continue reading...
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The stock is down more than 35% in early trading
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ROKU could be set for more volatility with earnings around the corner
>> Epilepsy Drug Data Sends CBD Specialist to Record Highs
GWPH short sellers could soon head for the exits
>> CROX Stock Steps Up After Earnings Win
The shoe company posted first-quarter earnings and revenue that beat expectations
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