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Here’s what’s happening in the stock market today:
The stock market is rebounding today as tech stocks buy the dip and optimism grows over U.S.-Iran peace negotiations, helping Wall Street recover from Wednesday's 1.6%+ plunge. 📈🕊️ Futures for the Nasdaq gained 1.19%, while S&P 500 and Dow futures rose 0.74% and 0.73%, respectively. Chipmakers like Applied Materials, Intel, and Marvell Technology jumped 4.5-4.8% premarket after hitting two-week lows. UnitedHealth surged over 4% following strong Q1 results. Gold holds near $3,146, and crude oil retreated to $87.80/barrel. Treasury yields steady at 4.54% for the 10-year. 💰🛢️
Major Indices Performance 📊
S&P 500 futures up 0.74%, with E-minis gaining 53.75 points; closed at 7,324.96 (+0.81%).
Dow Jones futures rose 0.73%, up 367 points; closed at 50,374.04 (+0.90%).
Nasdaq 100 futures led gains at 1.19%, up 338 points; closed at 25,436.93 (+1.05%).
Market Movers 🚀
Applied Materials surged 4.83% premarket, Intel jumped 4.58%, Marvell gained 4.44%.
UnitedHealth Group rose over 4% on strong Q1 earnings and profit beats.
Nvidia and other chip stocks rebounded from Wednesday's selloff, with the sector hitting correction territory (-10% from peaks).
Oracle dropped 9.42%, Alibaba fell 4.54%, Jazz Pharmaceuticals declined 3.83% among premarket losers.
Key Events Driving the Market 🗞️
Tech sector entered correction territory Wednesday after plunging over 1%, pushing beaten-down stocks into bargain territory.
Signs of progress in U.S.-Iran peace negotiations boosted risk appetite and helped stocks rebound.
Three all-armed U.S. forces died in Iran operations, with CENTCOM raising the "Epic Fury" death toll to 6 service members total.
May CPI inflation hit 4.2% YoY (fastest in three years), core CPI rose 2.9%, fueling fears of rates unchanged through 2027.
Treasury yields steady: 10-year at 4.538%, 30-year at 5.02%,tracking inflation and geopolitical risks.
Investor Sentiment 👀
Overall, mood is cautiously optimistic as investors snap up tech bargains following the worst day since October, blending peace hopes with persistent inflation concerns. Trading volumes elevated as traders weigh Middle East developments and the Fed's hawkish pivot toward no cuts until 2027. 🐂⚖️
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TRADE OF THE DAY:
WDC
Name: MongoDB, Inc.
Symbol: MDB
Current Price: Approximately $354.71
Trade
Sell to Open: 1 MDB Jul 10, 2026 270/265 Put Vertical
Total Credit Received: $76.00
Credit per Contract: $76.00 (for one contract covering 100 shares)
Direction: Bullish (expects MDB to stay above the break-even level)
Probability of Profit (PoP): 90.89% (as provided)
Potential ROI:
Max Risk (Loss): $424.00
ROI: ($76.00 ÷ $424.00) × 100 ≈ 17.9%
Trade Explained in Simple English:
You are entering a bullish put credit spread by selling the 270 strike put and buying the 265 strike put, both expiring on July 10, 2026. You collect $76.00 upfront and will keep the full credit if MDB stays above the break-even price of $269.24 through expiration. Your maximum profit is limited to the $76.00 credit received, while your maximum loss is capped at $424.00 if MDB finishes below $265.00 at expiration. With MDB currently trading well above the short strike, the trade has a stated 90.89% probability of profit.
Wall Street Highlights:
News Beyond the Numbers
Oracle shares tumbled after the company unveiled massive AI-related capital spending plans for fiscal 2027, raising concerns about future financing needs.
Read MoreIntel surged as chipmakers rebounded sharply, highlighting investor confidence in companies tied to the AI infrastructure buildout. Read More
SpaceX's anticipated IPO is attracting enormous investor interest and is expected to become one of the largest public offerings in history. Read More
The U.S. Justice Department has reportedly subpoenaed major banks including JPMorgan Chase and Bank of America over account-closure practices involving customers. Read More
OpenAI is reportedly considering price cuts for its AI services as competition intensifies with rival Anthropic in the race for enterprise AI customers. 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.
