The tech-heavy Nasdaq is up triple digits
Stocks are higher this afternoon, bouncing back from early uncertainty after the Organization for Economic Co-operation and Development (OECD) cut its U.S. growth outlook. Tariff tensions remain in focus, along with Meta Platforms (META), which just inked a 20-year data center supply deal with Constellation Energy (CEG).
The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are comfortably higher, while the tech-heavy Nasdaq Composite Index (IXIC) enjoys a triple-digit pop on the heels of Nvidia (NVDA) and the chip sector.
Continue reading for more on today's market, including:
- 25 ETFs to solve the boredom of summer doldrums.
- Popular retailer eyes record day after earnings.
- Plus, surging semiconductor stock; and two retailers moving on opposite ends of the NYSE.
Pacing toward its best day since early December, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is popular in the options pits, with 16,000 calls and 7,100 puts exchanged so far -- 11 times the average intraday volume. Most popular is the June 65 and 85 calls. The semiconductor giant posted a fiscal fourth-quarter earnings and revenue beat, pushing the shares to their highest close since early February and a slew of bull notes through the door.
Sitting near the top of the New York Stock Exchange (NYSE) today is Signet Jewelers Ltd (NYSE:SIG), which was last seen up 12.5% at $75.13, after the company posted an upbeat outlook and first-quarter beat. Today's pop has SIG eyeing its best day since April 9, contending with the 260-day moving average, and sporting a 30% lead for the quarter.
One of the worst NYSE performers today is United Natural Foods Inc (NYSE:UNFI), down 6.9% at $29.37, with the company seeing an imbalance in orders on the exchange. The food retailer remains 7% higher year-to-date and is eyeing its worst daily drop since March 3.