All three major indexes are higher midday
Stocks are mixed as the week winds down, with the Dow Jones Industrial Average (DJI) down triple digits, while the S&P 500 Index (SPX) sits flat, and the Nasdaq Composite (IXIC) inches higher. All three major benchmarks are headed for weekly wins. Investors are unpacking this morning's retail sales data, as well as reciprocal tariffs by President Trump. Meanwhile, the 10-year Treasury yield is continuing lower, now having dropped 6 basis points to 4.459%.
Continue reading for more on today's market, including:
Options traders are targeting DraftKings Inc (NASDAQ:DKNG) today, as the stock jumps 13.2% at $52.57 to mark three-year highs. The equity is brushing off disappointing fourth-quarter results as investors focus on the company's raised revenue outlook. So far, 151,000 calls and 54,000 puts have been exchanged, which is already 7 times DKNG's average daily options volume. The February 55 call is the most popular, with new positions being opened there.
Biotech stock Avita Medical Inc (NASDAQ:RCEL) is one of the best Nasdaq performers today, up 23.1% at $10.81 at last glance, after the company posted upbeat fourth-quarter revenue. Headed for its best single-day percentage gain since August, the stock still has a long way to go before it recovers from its early-January bear gap. Year to date, the equity is down 16.3%.
The New York Stock Exchange's (NYSE) Twilio Inc (NYSE:TWLO) is down 15.8% at $124.07 at last look, following the cloud name's fourth-quarter earnings miss and disappointing first-quarter profit and revenue guidance. Moving further away from its recent Jan. 31 two-year high of $151.95, the equity is still up 103% year over year and roughly 16% since the start of 2025.