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Here’s what’s happening in the stock market today:
The stock market is showing a mixed, risk-off tilt today as investors digest a hotter-than-expected October inflation report that has revived concerns about the Fed’s next move. 📉🔍 The S&P 500 is down about 0.6%, the Nasdaq is off roughly 0.8%, and the Dow is down about 0.3%, with bond yields rising and oil prices easing. The market is pulling back after Monday’s big tech-led rally, as investors reassess the inflation outlook and Fed policy. 🛢️💰
Major Indices Performance 📊
S&P 500 is down about 0.6% intraday to around 7,406, after gaining 2.4% on Monday to close at 7,549.94.
Nasdaq Composite is down about 0.8% intraday, after jumping 2.7% on Monday — its best day in over three months.
Dow Jones is down about 0.3% intraday to around 52,235, after surging 2.2% (or 1,104 points) on Monday to close at 52,389.75.
Market Movers 🚀
Coherent (COHR) is surging over 16.8% after strong fiscal Q1 results and multiple analyst price-target upgrades.
Securitize is among the big gainers in early trading after reporting strong third-quarter results.
MP Materials (MP) and AMD are also among the session’s top gainers.
On the downside, First Solar (FSLR), Nvidia (NVDA), and Take-Two Interactive (TTWO) are among the biggest losers.
Nvidia is under pressure as the company continues to investigate CEO Jensen Huang, weighing on AI sentiment.
Key Events Driving the Market 🗞️
October CPI report: Consumer prices rose 0.4% month-over-month, hotter than the 0.3% expected, with core inflation also coming in at 0.3% — above the 0.2% forecast. 📉
Fed policy uncertainty: Fed Governor Christopher Waller said the central bank should raise rates by at least 25 basis points next month, and could consider a 50-basis-point hike if inflation worsens. 🏛️
Treasury yields rising: The 10-year yield jumped to 4.97% from 4.88%, while the 2-year rose 14 basis points to 4.69%, reflecting higher rate-hike expectations. 📉🏦
Oil prices falling: Brent crude sank 3.1% to $89.67, slipping below $90 for the first time since August, offering some relief on inflation and geopolitical fronts. 🌍🛢️
Earnings season: Investors are also watching for results from major names like Nvidia, Tesla, and CoreWeave later this week. 📈
Investor Sentiment 👀
Overall, investor mood is cautious and risk-off, with traders balancing:
Concerns about persistent inflation and the potential for a larger Fed rate hike
Relief from falling oil prices and a resilient labor market
Underlying worry about elevated yields and stretched AI valuations
The market is showing a classic “sell-the-news” dynamic, with investors pulling back after Monday’s big rally as they reassess the inflation outlook and Fed policy path. 🐻⚖️
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TRADE OF THE DAY
HD
Name: The Home Depot, Inc.
Symbol: HD
Current Price: Approximately $350.89
Trade
Sell to Open: 1 HD Dec 4, 2026 315/310 Put Vertical (Bull Put Spread)
Total Credit Received: $55.00
Credit per Contract: $55.00 (1 contract covering 100 shares)
Direction: Bullish (expects HD to stay above the break-even price)
Probability of Profit (PoP):
88.44% (as provided)
Potential ROI:
Max Risk (Loss): $445.00
Maximum Potential Reward: $55.00
ROI: ($55 ÷ $445) × 100 ≈ 12.4%
Trade Explained in Simple English:
You are selling the HD December 4, 2026 $315 put and buying the $310 put for protection. You receive $55.00 upfront for entering this trade. If Home Depot closes above $314.45 at expiration, you keep the entire $55.00 credit. Your maximum potential profit is $55.00, while your maximum possible loss is capped at $445.00 if HD closes at or below $310.00. This is a bullish strategy because you expect Home Depot's stock price to remain above the $314.45 break-even level.
Wall Street Highlights:
News Beyond the Numbers
Sanmina surged 19% after reporting adjusted earnings of $4.43 per share and revenue of $3.86 billion, both well above estimates, and issued a stronger-than-expected outlook.Read more.
Take-Two Interactive rose 4% after fiscal second-quarter earnings of $1 per share and revenue of $1.60 billion beat Wall Street expectations.Read more.
Hims & Hers Health fell 2% after guiding fourth-quarter revenue to $875 million–$895 million, below the $953.8 million consensus estimate.Read more.
Skydance reported its first quarterly results since merging with Paramount and Warner Bros. Discovery, and announced plans to launch a combined Paramount+ and HBO Max streaming bundle early next year.Read more.
CoreWeave was scheduled to report after the close, with analysts expecting an adjusted loss of $1.54 per share, while Circle Internet Group was due before the open with an estimated 36 cents in earnings per share.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.
