Traders are digesting the latest global trade updates
Stocks are mixed this afternoon, as Wall Street gears up for a packed week of earnings and economic data. The Dow Jones Industrial Average (DJI) is 86 points higher, while the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are below breakeven.
Traders are also weighing the latest trade commentary. Treasury Secretary Scott Bessent said trade deals are progressing with countries like India, though the status of talks with China remains unclear. Wall Street is also eyeing reports from four of the “Magnificent Seven" as they await gross domestic product (GDP), inflation, and nonfarm payrolls data.
Continue reading for more on today's market, including:
- Double downgrade dings Eli Lilly stock.
- Recovering Boeing stock scores bull note.
- Plus, DPZ options pop; NCLH gears up for earnings; and competition pressures NVDA.
Domino’s Pizza Inc (NASDAQ:DPZ) stock was last seen up 0.4% at $488.48 following its latest earnings report, and is seeing unusual options activity today. So far, 2,260 calls and 2,128 puts have exchanged hands -- 5 times the average intraday volume. Positions are being opened at the top two most popular contracts: the weeklies 5/2 500-strike call and 5/9 560-strike call. DPZ initially dropped almost 3% after the company's mixed first-quarter results, which beat profit expectations but missed on revenue. Year to date, DPZ is up 16.4%.
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) is one of the best-performing SPX stocks this afternoon, ahead of the company's first-quarter earnings report, which is due out before the open tomorrow. NCLH was last seen 1.1% higher to trade at $17.42, but analysts expect a year-over-year earnings decline, despite the company beating profit estimates over the last four quarters. Since the start of 2025, the security has shed 32.1%.
Nvidia Corp (NASDAQ:NVDA) is one of the worst-performing IXIC stocks today, last seen down 3.5% at $107.14. The chipmaker is under pressure after reports that Chinese rival Huawei is preparing a new artificial intelligence (AI) chip that could replace some of its products. Per The Wall Street Journal, the development underscores the resilience of China's semiconductor sector despite U.S. efforts to limit its advancement. It's been a tough year for NVDA so far, which carries a 19.2% deficit.
