The Nasdaq, meanwhile, is still in the red
The Dow Jones Industrial Average (DJI) was down triple digits earlier, as a fresh set of trade fears emerged after the Chinese government released a critical white paper over the weekend. The big-cap index has since swung to a 67-point lead on strong gains for several blue chips, including Merck (MRK), Verizon (VZ), and Walgreens Boots Alliance (WBA). And while the S&P 500 Index (SPX) is higher, too, despite a disappointing batch of manufacturing data, the Nasdaq Composite (IXIC) is still in the red, as stiff losses for Google parent Alphabet (GOOGL) drag on the broader tech sector.
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Uber Technologies Inc (NYSE:UBER) is seeing unusual options trading today, with 28,000 calls traded so far -- double what's typically seen at this point, and four times the number of puts on the tape. Following Friday's positive earnings reaction, UBER stock is up 2.8% at $41.56, and one options trader likely bought to open 2,000 weekly 6/7 44-strike calls for 30 cents apiece, to bet on even more upside through this Friday's close. For the sake of comparison, Uber priced its initial public offering at $45 per share on May 9.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is making a notable move higher today, after the chipmaker will allow Samsung Electronics to use its graphics intellectual property in mobile devices as part of a multi-year deal. AMD stock is up 5.2% to trade at $28.84, extending a recent bounce off its 50-day moving average.

Centene Corp (NYSE:CNC) is at the bottom of the S&P 500 Index (SPX) this afternoon, following reports insurance giant Humana (HUM) will not make a buyout bid for the healthcare firm. CNC stock is down 9% at $52.54, breaching recent support at its 20-day moving average.