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Here’s what’s happening in the stock market today:
The stock market is showing a mixed, tech-led rebound today as investors attempt to recover from Thursday’s brutal selloff. 📉🔍 The Nasdaq is bouncing about 1.5% intraday, while the S&P 500 is up roughly 0.7%, but the Dow is still down about 0.4% as blue-chip and rate-sensitive names lag. The rebound is fragile, with investors still digesting a much stronger-than-expected October jobs report and lingering doubts about AI valuations. 🛢️💰
Major Indices Performance 📊
Nasdaq Composite is up about 1.5% intraday to around 24,670, after plunging 5.5% on Thursday to close at 24,315.
S&P 500 is up about 0.7% intraday to around 7,406, after falling 4.4% on Thursday to close at 7,353.73.
Dow Jones is down about 0.4% intraday to around 51,326, after dropping 1,833 points (or 3.4%) on Thursday to close at 51,523.06.
Market Movers 🚀
Chip and AI infrastructure names are leading the rebound: Sandisk (SNDK), Applied Digital (APLD), and CoreWeave (CRWV) are each up about 10% premarket.
Nebius (NBIS), Lumentum (LITE), and Marvell Technology (MRVL) are also up roughly 9.5% premarket, riding the chip-stock bounce.
AppLovin (APP) is among the session’s top gainers, while Krispy Kreme (DNUT) and Portillo’s (PTLO) are also strong.
On the downside, MNTN, Veracyte (VCYT), and PCT are among the biggest losers, with EPAM Systems down over 20%.
Key Events Driving the Market 🗞️
October jobs report: Nonfarm payrolls jumped 165,000, far above the 62,000 expected, with unemployment falling to 4.1% — signaling a resilient labor market. 💼📊
Treasury yields rising: The 10-year yield ticked up to about 4.87–4.88%, while the 2-year hit 4.52%, reflecting the strong jobs data. 📉🏦
AI valuation concerns: Thursday’s massive tech rout erased $2.3 trillion from the Nasdaq-100 and $2.8 trillion from the S&P 500, leaving investors wary of stretched AI valuations. 📉
Midterm election aftermath: Democrats’ sweep in the midterms continues to ease political uncertainty, though investors are also weighing potential regulatory changes. 🏛️
Oil prices elevated: Crude remains near $101 (WTI) and $114.50 (Brent), keeping inflation and geopolitical risks alive. 🌍🛢️
Investor Sentiment 👀
Overall, investor mood is cautiously optimistic but fragile, with traders balancing:
Relief from a tech-led rebound after Thursday’s selloff
Support from a resilient labor market and strong jobs data
Underlying concern about elevated yields, AI valuation worries, and potential regulatory shifts
The market is showing a classic “dead-cat bounce” dynamic, with tech and chip names leading the recovery while broader gains remain limited by macro headwinds and lingering AI skepticism. 🐂⚖️
The ice cream shop that makes money when it's cold
28 Wishes sells ice cream in Los Angeles. Below 70°F, sales fall about 20%. The weather is out of their hands. Rent isn't.
So the owners started putting about $20 a day into Kalshi weather markets, taking the cold side. The days that keep customers away now pay something back.
This is hedging. Big companies have done it for decades, buying protection against bad weather, fuel spikes and rising rates. It used to take a broker, a trading desk, and an order size no corner shop could meet.
Kalshi opens it up. Contracts on weather, fuel prices, inflation, tariffs and regulation, starting at a few dollars. Take a position on the outcome that would hurt you. If it hits, the payout softens it. If it doesn't, the contract expires and the good month was the point.
TRADE OF THE DAY
SBUX
Name: Starbucks Corporation
Symbol: SBUX
Current Price: Approximately $95.28
Trade
Sell to Open: 1 SBUX Nov 27, 2026 98/93 Put Vertical (Bull Put)
Total Credit Received: $79.00
Credit per Contract: $79.00 (for one contract covering 100 shares)
Direction: Bullish (expects SBUX to stay above $97.21)
Probability of Profit (PoP):
88.28% (as provided)
Potential ROI:
Max Risk (Loss): $421.00 (as provided)
Maximum Potential Reward: $79.00
ROI: ($79 ÷ $421) × 100 ≈ 18.8%
Trade Explained in Simple English:
You are selling the $98 put and buying the $93 protective put, both expiring November 27, 2026. You receive $79.00 upfront for entering the trade. If Starbucks closes above $97.21 at expiration, you keep the full $79.00 credit. Your maximum potential profit is $79.00, while your maximum loss is capped at $421.00 if the stock closes at or below $93.00. This is a bullish strategy because you want Starbucks stock to remain above the break-even price of $97.21.
Wall Street Highlights:
News Beyond the Numbers
Moderna swung to a third-quarter profit of $162 million, with adjusted earnings of 38 cents per share and revenue of $1.31 billion, and raised its full-year revenue-growth outlook to 15%–25%.Read more.
Airbnb jumped 13% after third-quarter earnings of $3.16 per share and revenue of $4.87 billion beat estimates, while Cloudflare also issued above-consensus guidance.Read more.
Mattel cut its 2026 sales and profit forecasts after third-quarter revenue of $1.81 billion missed expectations, even as adjusted earnings of $1.30 per share beat estimates.Read more.
Humana raised its 2026 adjusted earnings outlook to at least $9.50 per share after quarterly revenue and consolidated income rose.Read more.
Berkshire Hathaway was scheduled to release third-quarter results and its 10-Q on Saturday, with investor attention focused on its cash holdings.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.
