The Dow is down triple digits this afternoon
Stocks are lower Friday as Wall Street looks to close out a volatile week dominated by trade policy headlines. The Dow Jones Industrial Average (DJI) is down 228 points, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also sharply lower. Traders are unpacking the latest U.S. inflation report, China’s retaliatory tariffs, and a potential tariff deal with the European Union (EU). Despite this pullback, the IXIC and SPX are eyeing their best weekly gains since November thanks to Wednesday’s rally.
Continue reading for more on today's market, including:
- Gold stock shines after analyst upgrade.
- Bank stocks in focus as earnings season kicks off.
- Plus, options traders target FAST; FCX eyes best week since September; and why this chip stocks is sliding.
Fastenal Co (NASDAQ:FAST) stock is drawing unusual options volume following its earnings report. The typically quiet options pits have already seen 1,538 calls and 1,923 puts traded -- 5 times the average intraday volume. The most active contract is the April 72.50 put. FAST was last seen 5.9% higher to trade at $80.26, after first-quarter revenue and earnings matched Wall Street's estimates. The stock is up 21.6% over the last nine months, though it’s once again facing familiar resistance at the $80 level.
Freeport-McMoRan Inc (NYSE:FCX) is among the top gainers on the New York Stock Exchange (NYSE), last seen up 3.7% at $32.52. While a clear catalyst for today's price hasn't emerged, the copper miner is outperforming despite recent volatility, pacing for its best weekly performance since September. Still, FCX remains down 15.2% in 2025.
Texas Instruments Inc (NASDAQ:TXN) stock is among the worst performers on the IXIC today, down 8.3% to trade at $143.66 at last check. Chipmakers with U.S.-based manufacturing are under pressure amid global trade tensions between the U.S. and China. TXN is pacing for its sixth weekly loss in seven, deepening its year-to-date deficit to 23.4%.