In partnership with
Here’s what’s happening in the stock market today:
The stock market is showing a sharp tech-led selloff today as investors react to a fresh surge in oil prices and growing concerns over mega-cap AI spending. 📉⏳ The Nasdaq is down about 2.6% to 26,008.86, while the S&P 500 is off 1.21% to 7,663.43, though the Dow is holding up relatively better, up slightly. Crude has climbed back above $100 a barrel, reigniting inflation and geopolitical concerns. 🛢️💰
Major Indices Performance 📊
S&P 500 is down about 1.21% to 7,663.43.
Dow Jones is roughly flat, up 0.02% to 52,867.98.
Nasdaq is leading losses, down about 2.60% to 26,008.86.
Market Movers 🚀
American Tower (AMT) is the session’s biggest gainer, up over 8%.
Bloom Energy (BE) is down more than 11.7%, with Moderna (MRNA) off nearly 8.7%.
GE Aerospace is down about 4.7%.
Key Events Driving the Market 🗞️
Oil surge: Crude has climbed back above $100 a barrel, reviving inflation fears. 🌍🛢️
Treasury yields elevated: The 10-year yield remains near multi-year highs. 📉🏦
Fed expectations: Odds of an October Fed rate hike have fallen to just 8%. 🏛️
AI spending concerns: Investors are growing wary of mega-cap AI spending. 📊
Investor Sentiment 👀
Overall, investor mood is risk-off, with traders concerned about rising oil, elevated yields, and inflation risks overshadowing the AI-driven rally. 🐂⚖️
Big companies hedge their risks. Now your business can too.
For US farm, ranch and small business owners.
Airlines hedge fuel. Food companies hedge crops. For decades, protecting a business from outcomes it can't control took a broker, a trading desk and an order size most owners never had.
Kalshi opens hedging up to small businesses. Pick the outcome that would hurt you, like a fuel spike, a heat wave, a new tariff or a rate hike, and take a position on it, starting at a few dollars. If it happens, the payout offsets the hit. If it doesn't, the contract expires and the good month was the point.
A California goat herder and a Maryland tea company already do it, and CNBC, Reuters and The New York Times have covered businesses hedging on Kalshi.
Kalshi is a federally regulated exchange.
TRADE OF THE DAY
ACN
Name: Accenture plc
Symbol: ACN
Current Price: $245.67
Trade
Sell to Open: 1 ACN Nov 13, 2026 215/210 Put Vertical (Bull Put Spread)
Total Credit Received: $73.00
Credit per Contract: $73.00 (for one contract covering 100 shares)
Direction: Bullish (expects ACN to stay above the break-even price)
Probability of Profit (PoP): 87.73% (as provided)
Potential ROI
Max Risk (Loss): $427.00 (as provided)
ROI: ($73.00 ÷ $427.00) × 100 ≈ 17.1%
Trade Explained in Simple English:
You’re selling the ACN $215 put and buying the $210 put for protection, with both options expiring on November 13, 2026. You receive $73.00 upfront, and your trade is profitable at expiration if ACN closes above the break-even price of $214.27. Your maximum profit is $73.00 if ACN closes at or above $215, while your maximum loss is capped at $427.00 if ACN closes at or below $210. This is a bullish strategy because it benefits when Accenture’s stock stays above the break-even level or rises.
Wall Street Highlights:
News Beyond the Numbers
American Express beat third-quarter estimates with adjusted earnings of $4.68 per share, raised its full-year profit outlook, and said it will cut about 3,500 jobs, or 5% of its workforce.Read more.
Western Digital reported adjusted earnings of $4.64 per share on revenue of $4.38 billion, up 55% year over year, and issued above-consensus guidance.Read more.
Lockheed Martin climbed 7% after reporting adjusted earnings of $7.97 per share, beating the consensus estimate of $7.49.Read more.
Blackstone rose 8.4% after posting adjusted earnings of $1.32 per share, surpassing the $1.26 analysts expected.Read more.
Deckers fell 6.7% after fiscal second-quarter revenue of $1.43 billion missed estimates, with both HOKA and UGG sales falling short of FactSet forecasts.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.
