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Here’s what’s happening in the stock market today:
The stock market is experiencing cautious trading today amid reactions to softer-than-expected January CPI inflation data and ongoing AI sector concerns following yesterday's selloff. 📉📊 Futures for major indices are slightly down or flat, with investors eyeing Federal Reserve rate cut prospects after CPI rose just 0.2% monthly and 2.4% yearly.
Major Indices Performance 📊
Dow futures down about 0.21-0.23%, after yesterday's 1%+ drop in the index.
S&P 500 futures off 0.09-0.20%, extending weekly declines.
Nasdaq futures down 0.04-0.21%, hit hard by tech volatility.
Market Movers 🚀
Premarket gainers include RIVN up 20.79%, AMAT +11.15%, ROKU +14.70%, MGA +13.70%, and ANET +10.33%.
Notable losers: PINS down 19.96%, EXPE -4.93%.
Broader rotation out of AI-exposed sectors like software, brokerages, and trucking weighs on sentiment.
Key Events Driving the Market 🗞️
January CPI came in cooler than forecast at 0.2% monthly (vs. 0.3% expected) and 2.4% yearly, boosting rate cut hopes but following a government shutdown delay.
The 10-year Treasury yield holds around 4.10-4.12%, down slightly but pressuring stocks amid mixed bond moves.
Markets brace for weekly losses, the steepest since November, as AI worries broaden beyond tech giants.
Investor Sentiment 👀
Traders remain subdued and cautious, balancing inflation relief with AI disruption fears and rotation risks across sectors. Volumes are moderate as focus shifts to Fed policy outlook post-CPI. 🐻⚖️
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TRADE OF THE DAY:
SCCO
Name: Southern Copper Corporation — a major copper and industrial metals producer with operations in Peru and Mexico.
Symbol: SCCO
Current Price: Approximately $197.00 per share
Trade
Sell to Open: 1 SCCO Mar 6, 2026 170/165 Put Vertical
Total Credit Received: $82.00
Credit per Contract: $82.00 (1 contract = 100 shares)
Direction: Bullish (expects SCCO to stay above break-even by expiration)
Probability of Profit (PoP): 83.82% (as provided)
Potential ROI
Max Risk (Loss): $418.00
ROI: ($82.00 ÷ $418.00) × 100 ≈ 19.6%
Trade Explained in Simple English:
You’ve sold the 170‑strike put and bought the 165‑strike put for March 6, 2026 in a bullish put vertical spread on SCCO. You receive $82 upfront as credit. If Southern Copper stays above about $169.18 by expiration, both options expire worthless and you keep the credit. Your maximum possible loss is limited to $418 if the stock falls below the long put strike at expiration, while your profit is capped at the initial credit received.
Wall Street Highlights:
News Beyond the Numbers
Oscar Health shares rallied after analysts sharply upgraded their 2026 earnings forecasts despite the company's disappointing full-year 2025 results. Read more.
Valaris shares sparked a valuation debate with a 52.7% weekly surge driven by its $4.7 billion offshore drilling contract backlog, the highest in a decade. Read more.
Sands China reported annual revenue of $7.02 billion and net income of $917 million, prompting investors to reassess the Macau casino operator's valuation. Read more.
Applied Materials surged 13% in after-hours trading following strong earnings and an optimistic outlook from the semiconductor equipment maker. Read more.
Pinterest dropped 17% after missing Q4 earnings expectations and issuing a weak forecast amid ongoing market volatility. Read more.
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Disclaimer: The content provided by OptionPicks is for informational and educational purposes only and should not be construed as investment, financial, legal, or tax advice. We are not registered as a broker-dealer, investment adviser, or financial advisor with the SEC, FINRA, or any other regulatory authority. Options trading involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results, and no representation is being made that any subscriber will or is likely to achieve profits or incur losses similar to those mentioned. You should consult with a licensed financial professional before making any investment decisions.
