Midday Tumble. Stocks were falling sharply on Wednesday, with the Dow Jones Industrial Average off 1.5% near midday, while the S&P 500 and the Nasdaq Composite had each slipped 1.1%. The trade war with China remains a concern, but an inverted yield curve has investors newly worried about recession risks ahead.

Midday Movers

Canada Goose Holdings stock (GOOS) was down 25.1% to $36.72 after a disappointing fiscal fourth-quarter report.

Clovis Oncology stock (CLVS) was down 5.5% to $15.20 after Goldman Sachs cut its rating on the shares to Sell.

Frontier Communications stock (FTR) was up 11.6% to $1.93 on its planned asset sales.

Rockwell Automation (ROK) is up 0.6% to $152.50 after Gabelli upgraded the stock to Buy.

Roku stock (ROKU) was up 5.8% to $94 after Needham set a new Wall Street-high price target.

Write to Teresa Rivas at teresa.rivas@barrons.com