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Stock Rebound Stalls; Nasdaq Down Triple Digits

The Nasdaq briefly slipped into the red for 2025

Deputy Editor
Feb 24, 2025 at 11:45 AM
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Stocks have pulled back from their premarket gains, with the Nasdaq Composite (IXIC) down 163 points and oscillating in and out of negative territory for 2025. The S&P 500 Index (SPX) is modestly lower as well, while the Dow Jones Industrial Average (DJI) pared a triple-digit pop and was last seen up 75 points, still rebounding from its worst day of the year with help from Nike (NKE) and Travelers (TRV). 

Continue reading for more on today's market, including: 

  • Earnings take a slice out of Domino's Pizza stock
  • Robinhood stock jumps on SEC news. 
  • Plus, put traders target AM; TLX jumps to record peak; and PONY falls from highs. 

MMC February24

Options bears are targeting Antero Midstream Corp (NYSE:AM) today, as the stock falls further from last week's six-year highs, heading for its fourth-straight loss. So far, 14,000 puts have been exchanged -- 14 times the amount typically seen at this point -- in comparison to just 105 calls. The March and April 16 puts are the most popular contracts, with new positions opening at the latter. The stock's low so far today is $15.98, with the shares last seen down 1.08% at $16.11. 

AM Feb24

Publicly traded since mid-November, Telix Pharmaceuticals Inc (NASDAQ:TLX) is climbing the Nasdaq, up 33.3% at $26.00 today and trading at record highs. The stock received several price-target hikes over the past two sessions after posting an upbeat revenue forecast, as well as an upgrade from Bell Potter to "buy" from "hold" on Friday. Today's pop comes after the company's PETimaging agent Illuccix® was approved in Norway, pushing the stock to a 46% year-to-date lead. 

Pony AI Inc (NASDAQ:PONY) is down 15.5% at $19.95 at last glance, one of the worst performers on the Nasdaq today. This negative price action could be a correction from Friday's surge, which occurred after the company was the first to offer Robotaxi operations in Guangzhou. Also only publicly traded since November, today's drop has PONY falling from all-time highs. Year to date, the equity remains up 34.6%. 

 

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