If all three major indexes keep climbing into quadruple witching, weekly wins could be had
Stocks are poised to finish the last full week of the year on a strong note. Just as Oracle (ORCL) weighed earlier in the week, the software giant is now bringing tech stocks back, after TikTok agreed to sell its U.S. operations to a new joint venture.
The Dow Jones Industrial Average (DJIA) is up 278 points, brushing off a brutal post-earnings bear gap from Nike (NKE). The Nasdaq Composite (IXIC) is poised to rattle off back-to-back gains of 1% or more for the first time since late October. All three major indexes could potentially nab weekly wins should momentum carry over into the afternoon, though quadruple witching volatility looms.
- Another resurgent tech stock to watch today.
- Homebuilder stock testing key level after earnings.
- Plus, LUNR options buzz; Carnival earnings impress; and a peer falters after Nike earnings.
Intuitive Machines Inc (NASDAQ:LUNR) is seeing a surge in options activity today. At last check, 42,000 calls have changed hands -- six times the average intraday amount and almost five times the number of puts traded. The January 2026 12.50-strike call is the most popular, while the March 2026 15 call is also drawing interest. LUNR is up 32.9% to trade at $13.83 after Keybanc initiated coverage on the robotics stock at "overweight" and set a $20 price target. Despite today's rally, the shares remain down 21% in 2025.
Carnival Corp (NYSE:CCL) is one of the top performers on the New York Stock Exchange (NYSE) today, last seen up 9.8% to trade at $31.13. The cruise company reported fiscal fourth-quarter earnings and revenue that exceeded expectations. Carnival's 2026 guidance also topped estimates. The stock jumped to two-month highs of $31.22 out of the gate. Year to date, CCL is 23% higher, bouncing off its 320-day moving average.
Crocs Inc (NASDAQ:CROX) stock is sitting out the broad market rally today, as sector peer NKE deflates fellow retailers. CROX is down 1.2% to trade at $88.37, and off 19.2% in 2025. A nearly 6% quarterly rally was stopped short at the shares' 200-day moving average.
