The Dow and Nasdaq are up triple digits midday
The Nasdaq Composite (IXIC) and Dow Jones Industrial Average (DJI) are up triple digits as AI stocks bounce back, with Nvidia (NVDA) shares leading the charge after CEO Jensen Huang noted rising demand. Plus, Reuters reported the European Union (EU) unveiled a $1.1 billion plan to ramp up AI in key industries. The S&P 500 Index (SPX) is higher as well, after yesterday snapping its seven-day win streak. The government shutdown is now on its eighth day, with traders eyeing the Federal Reserve's meeting minutes.
Continue reading for more on today's market, including:
Webull Corp (NASDAQ:BULL) is the most popular stock in the options pits today, following the fintech name's massive 3 million share block trade. So far, 268,000 calls and 208,000 puts have crossed the tape, which is already five times the options volume BULL typically sees in a session. The November 12.50 put is the most popular, with new positions opening there. At last glance, the stock was down 6.8% at $11.93. A far cry from its April peak at $79.41, the shares are still up 2.6% year to date.
Biotech stock Nanobiotix SA (NASDAQ:NBTX) is soaring to record highs, up 24.5% at $26.11 at last check. The security added 202% higher just last month, and Stifel today raised its price target to €25 from €17. Since the start of the year, NBTX has added roughly 805%.
Spruce Biosciences Inc (NASDAQ:SPRB) is plummeting from last session's 52-week highs, down 14.2% to trade at $157.95 at last glance, despite the company securing $50 million in private placement financing for therapy advancement. Year to date, the equity is up 354%.