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Here’s what’s happening in the stock market today:
The stock market is showing a mixed, tech-led pullback today as investors digest Nvidia’s leadership turmoil, a hotter-than-expected wholesale inflation reading, and rising Treasury yields. 📉🔍 The Nasdaq is down about 0.5% intraday, the S&P 500 is off roughly 0.2%, while the Dow is up slightly, with blue-chip and energy names providing some support. The market is pulling back from Thursday’s selloff as investors reassess the AI outlook and Fed policy path. 🛢️💰
Major Indices Performance 📊
Nasdaq Composite is down about 0.5% intraday to around 25,247, after falling 0.39% on Thursday to close at 25,366.09.
S&P 500 is down about 0.2% intraday to around 7,575, after slipping 0.35% on Thursday to close at 7,592.40.
Dow Jones is up about 0.2% intraday to around 52,382, after dropping 0.36% (or 189.40 points) on Thursday to close at 52,297.09.
Market Movers 🚀
Cerebras is surging over 16% after reporting a surprise profit and better-than-expected Q3 revenue.
Nvidia (NVDA) is up over 2% premarket, recovering some of Thursday’s losses following Jensen Huang’s resignation as CEO.
Modine (MOD) is jumping over 33% after Bloomberg reported a potential takeover.
Broadcom (AVGO), AMD, and Alphabet are among the biggest boosts to the S&P 500, as Nvidia’s turmoil could benefit their sales prospects.
On the downside, Microsoft (MSFT) is down more than 1% amid a widespread outage affecting Outlook and Teams services.
IonQ (IONQ), IREN, AMD, and Applied Digital (APLD) are among the biggest losers, with AI compute and quantum names under pressure.
Key Events Driving the Market 🗞️
Nvidia leadership turmoil: CEO Jensen Huang’s resignation after affair scandals has rattled the AI trade and weighed on tech sentiment. 📉
Wholesale inflation data: PPI rose less than expected, offering some relief on the inflation front. 📊
Treasury yields elevated: The 10-year yield is around 5.13%, up 2 basis points, reflecting higher rate-hike expectations. 📉🏦
Oil prices rising: Crude is climbing, keeping inflation and geopolitical risks alive. 🌍🛢️
Fed policy backdrop: The Fed is expected to continue battling inflation, with markets pricing in further hikes. 🏛️
Investor Sentiment 👀
Overall, investor mood is cautious and risk-off, with traders balancing:
Concerns about Nvidia’s leadership turmoil and AI valuation worries
Relief from softer wholesale inflation data and a resilient labor market
Underlying worry about elevated yields, inflation, and potential regulatory shifts
The market is showing a classic “risk-off” tilt, with tech and AI names under pressure while broader gains remain limited by macro headwinds and lingering inflation worries. 🐻⚖️
Elon Needs Metal. This $5 Company Sits on the Supply.
Rare earth magnets. High-heat alloys. Lithium, nickel and graphite. Every rocket, satellite and humanoid robot Elon Musk builds runs on this short list of materials, and America can't get enough of them.
Much of it is still processed in China, and Washington now calls that a national security problem.
One small company sits on that supply, and it still trades around $5. It doesn't show up on the financial networks, which is exactly why most of Wall Street hasn't connected the dots yet.
Our free report names the company and explains why the timing matters now. We'll text you the ticker too, before the crowd shows up.
TRADE OF THE DAY
RCL
Name: Royal Caribbean Group
Symbol: RCL
Current Price: Approximately $321.50
Trade
Sell to Open: 1 RCL Dec 11, 2026 285/280 Put Vertical (Bull Put)
Total Credit Received: $63.00
Credit per Contract: $63.00 (1 contract covering 100 shares)
Direction: Bullish (expects RCL to stay above $284.37)
Probability of Profit (PoP):
85.49% (as provided)
Potential ROI:
Max Risk (Loss): $437.00
Maximum Potential Reward: $63.00
ROI: ($63 ÷ $437) × 100 ≈ 14.4%
Trade Explained in Simple English:
You are selling the $285 put and buying the $280 put for protection, with both options expiring December 11, 2026. You receive $63.00 upfront for entering the trade. If RCL closes above $284.37 at expiration, you keep the entire $63.00 credit. Your maximum profit is $63.00, while your maximum loss is capped at $437.00 if RCL closes at or below $280.00. This is a bullish strategy because you expect Royal Caribbean's stock to remain above your break-even price.
Wall Street Highlights:
News Beyond the Numbers
Nvidia CEO Jensen Huang resigned amid an investigation into his alleged relationship with a Chinese intelligence-linked figure, with the company’s board reportedly considering leadership changes.Read more.
Nebius reported third-quarter revenue of $980.8 million, up 571% year over year, but fell 18% after data-center delays pushed some 2026 revenue into next year and it raised spending plans.Read more.
Wendy’s rejected a $1.4 billion takeover proposal from Trian Fund Management and other investors, while reporting third-quarter same-store sales down 5.2%.Read more.
Applied Materials beat fiscal fourth-quarter estimates with revenue of $10.41 billion and adjusted earnings of $4.16 per share, then forecast first-quarter revenue of about $11.1 billion.Read more.
Starbucks beat earnings expectations at 80 cents per share, but revenue fell 4% to $9.14 billion as international traffic declined 2.8%.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.
