The Nasdaq is sitting just below breakeven
The Dow Jones Industrial Average (DJI) is boasting a 247-point midday lead while the S&P 500 Index (SPX) is trading near breakeven, as Wall Street attempts to bounce back from its worst week in two years. Retail sales data is boosting sentiment despite missing estimates, not quite touching the worst-case scenario. President Donald Trump's tariffs are still top of mind, though, with the Nasdaq Composite (IXIC) struggling amid economic uncertainty.
Continue reading for more on today's market, including:
- Analyst: Netflix stock is a "buy."
- Pharma stock eyes worst day since 2018.
- Plus, HUN puts pop; Intel stock rises on overhaul plans; and TSLA draws bear note.
Huntsman Corporation (NYSE:HUN) is seeing unusual options activity, with 27,000 puts traded so far today, which is a whopping 262 times the volume typically seen at this point. The most active contract is the April 15 put, where positions are being sold to open. HUN is up 3.4% to trade at $17.86 at last check, pacing for a third consecutive win, but still carries a 29.4% year-over-year deficit. Shares are attempting to bounce off a March 4, four-year low of $15.46, but have not yet conquered the $19 level, a ceiling that has been in place since mid-December.
Intel Corp (NASDAQ:INTC) stock is leading the SPX today, lastseen up 6.7% to trade at $25.64. Today's surge follows news that CEO Lip-Bu Tan, who will earn a lower base salary than predecessor Pat Gelsinger, will overhaul the tech company's manufacturing and artificial intelligence (AI) operations. The chip stock is now on track for its fourth straight gain, and has surged 28.1% so far in 2025 despite also carrying a 39.9% year-to-date deficit.
Tesla Inc (NASDAQ:TSLA) stock is near the bottom of the SPX, last seen down 5.5% at $236.31, set to extend its 41.4% year-to-date deficit after Mizuho lowered its price target to $430 from $515, with the analyst noting tariff uncertainty and weaker electric vehicle (EV) demand. TSLA has only scored one weekly gain so far in 2025, with a new ceiling seemingly emerging at $250.