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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 disappointing earnings from Intel and growing concerns over AI spending. 📉⏳ The Nasdaq is down about 2.34% to 28,869, while the S&P 500 is off 1.03% to 7,674, though the Dow is holding up relatively better, up slightly. The 10-year Treasury yield remains elevated near 5%, and oil prices are still elevated, keeping inflation and Fed-policy concerns front and center. 🛢️💰
Major Indices Performance 📊
S&P 500 is down about 1.03% to 7,674.
Dow Jones is roughly flat, up 0.03% to 52,529.
Nasdaq is leading losses, down about 2.34% to 28,869.
Market Movers 🚀
Intel (INTC) is the session’s biggest loser, plunging nearly 29% at the open.
Regeneron (REGN) is leading the gainers, up over 11.65%, with AstraZeneca, Takeda, Gilead, and Mondelez also posting solid gains.
GKOS, ADT, and BHC are among the other notable gainers.
IOVA, NOW, and BXBL are among the biggest decliners.
Key Events Driving the Market 🗞️
Intel earnings shock: Intel reported disappointing results, sparking a massive selloff in the stock and dragging down the broader tech sector. 📊📉
Treasury yields elevated: The 10-year yield remains near 5%, capping upside for rate-sensitive sectors. 📉🏦
Oil prices still high: Crude remains elevated, keeping inflation and geopolitical risks alive. 🌍🛢️
Fed policy backdrop: The Fed held rates steady at 3.75–4.00% earlier this week, with markets pricing in further hikes given elevated inflation. 🏛️
Investor Sentiment 👀
Overall, investor mood is risk-off, with traders balancing:
Concern over disappointing Intel earnings and AI spending worries
Pressure from elevated Treasury yields and high oil prices
Underlying debate over whether the AI boom’s massive investment will pay off
The market is showing a clear defensive tilt as tech jitters and macro concerns take center stage, with healthcare and pharma names leading the advance. 🐂⚖️
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TRADE OF THE DAY
LMT
Name: Lockheed Martin Corporation
Symbol: LMT
Current Price: Approximately $640.10
Trade
Sell to Open: 1 LMT Nov 20, 2026 590/585 Put Vertical (Bull Put)
Total Credit Received: $45.00
Credit per Contract: $45.00 (one contract covering 100 shares)
Direction: Bullish (expects LMT to stay above $589.55)
Probability of Profit (PoP):
87.43% (as provided)
Potential ROI:
Max Risk (Loss): $455.00
Maximum Potential Reward: $45.00
ROI: ($45 ÷ $455) × 100 ≈ 9.9%
Trade Explained in Simple English:
You are selling the $590 put and buying the $585 protective put, both expiring November 20, 2026. You receive $45.00 upfront for entering this trade. If LMT closes above your break-even price of $589.55 at expiration, both options expire worthless and you keep the entire $45.00 credit. Your maximum potential profit is $45.00, while your maximum loss is capped at $455.00 if LMT closes at or below $585.00. This is a bullish strategy because you expect Lockheed Martin's stock to remain above $589.55 through expiration.
Wall Street Highlights:
News Beyond the Numbers
Alphabet reported third-quarter revenue of $127.58 billion, below expectations, and posted negative free cash flow of $9.07 billion, sending its shares down about 10% after hours.Read more.
Microsoft beat fiscal first-quarter estimates with revenue of $92.28 billion and adjusted earnings of $4.89 per share, while Azure cloud revenue grew 48%.Read more.
Caterpillar beat estimates with adjusted earnings of $7.20 per share on $20.68 billion of revenue, driven by AI data-center demand for power-generation equipment.Read more.
Eli Lilly topped estimates with adjusted earnings of $7.48 per share versus the $6.26 consensus, lifting its shares 7.2%.Read more.
Chipotle rose 6.7% after reporting better-than-expected quarterly comparable sales, while Carvana gained 9.2% on revenue above estimates.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.
