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Here’s what’s happening in the stock market today:
The stock market is experiencing cautious trading today amid ongoing U.S.-Iran conflict entering its fifth day, with futures initially lower but turning higher on reports of potential peace talks. 📉➡️ Major indexes closed lower yesterday, but oil prices easing and crypto-related gains are providing some lift, while inflation jitters linger. 🛢️💹
Major Indices Performance 📊
Dow Jones futures are up about 0.2% after yesterday's 0.83% drop to 48,501.
S&P 500 futures rose 0.1-0.4%, following a 0.94% decline to around 6,816.
Nasdaq futures gained roughly 0.2-0.46%, rebounding from a 1.02% fall to 22,516.
Market Movers 🚀
Top gainers include Actelis Networks (ASNS) up 195.70%, VCI Global (VCIG) +123.79%, and Can-Fite BioPharma (CANF) +107.80%.
Bitcoin and crypto-tied stocks are surging amid volatility.
Notable performers: Evolus (EOLS) +34.38%, Babcock & Wilcox (BW) +25.80%.
Key Events Driving the Market 🗞️
U.S.-Iran tensions persist, but Iran reportedly seeking indirect talks with the U.S., boosting sentiment and easing oil from highs above $85 to $81.40.
Stubborn inflation concerns and steady 10-year Treasury yields pressure rate cut expectations.
Yesterday's rebound from intraday lows shows resilience despite geopolitical risks.
Investor Sentiment 👀
Overall mood is mixed-cautious, balancing war worries with de-escalation hopes and dip-buying in tech/crypto. Trading reflects volatility from Middle East events but optimism on potential resolutions. ⚖️🐂
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TRADE OF THE DAY:
WDAY
Name: Workday, Inc.
Symbol: WDAY
Current Price: $144.75
Trade
Sell to Open: 1 WDAY Mar 27, 2026 165/170 Call Vertical
Total Credit Received: $42.00
Credit per Contract: $42.00 (for one contract covering 100 shares)
Direction: Bearish (expects WDAY to stay below the short strike)
Probability of Profit (PoP): 89.02%
Max Risk (Loss): $458.00
ROI: ($42.00 ÷ $458.00) × 100 ≈ 9.2%
Trade Explained in Simple English:
You’re entering a call credit spread by selling the 165 call and buying the 170 call, both expiring March 27, 2026. You receive $42.00 upfront. If WDAY stays below $165.42 (your break-even) by expiration, both calls expire worthless and you keep the credit. Your maximum loss is limited to $458.00 if WDAY rises above $170 at expiration.
Wall Street Highlights:
News Beyond the Numbers
Ziff Davis announced a definitive agreement to sell its Connectivity division, including Ookla and Downdetector, to Accenture for $1.2 billion in cash.Read more.
Moderna agreed to pay up to $2.25 billion to settle a patent dispute with Roivant over lipid nanoparticle technology used in its COVID-19 vaccine.Read more.
Ross Stores reported a very strong start to spring shopping and expects sales gains this year amid signs of a retail rebound.Read more.
Esperion Therapeutics entered a $260 million agreement to acquire Corstasis Therapeutics, adding the FDA-approved nasal spray Enbumyst to its portfolio.Read more.
Diamond Hill Investment Group obtained shareholder approval for its merger with First Eagle, advancing the asset manager's ownership transition.Read more.
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.
