All three indexes are headed for weekly wins
The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) are all comfortably higher this afternoon, as investors brush off a lighter-than-expected December nonfarm payrolls report. Although the 50,000 job increase came in below estimates of 73,000, there's still hope for future growth.
Further, unemployment sank to 4.4%, just shy of the anticipated 4.5%, pointing traders toward an improving economy. Meanwhile, the Supreme Court decided to hold off on making a decision regarding President Donald Trump's tariffs. All three indexes are headed for weekly wins.
Real estate name Opendoor Technologies Inc (NASDAQ:OPEN) is seeing a high amount of options volume this afternoon, with 437,000 calls and 67,000 puts across the tape so far -- five times the average intraday rate. Most popular are the weekly 1/9 8-strike call and 7.50-strike call from the same series, with positions opening at both. OPEN is up 21% at $7.76 and 407% higher over the past 12 months, with Donald Trump's mortgage bond plans giving housing stocks a boost.
Nuscale Power Corp (NYSE:SMR) is up 6.3% at $20.90 at last check, ranking as one of the best New York Stock Exchange (NYSE) performers this afternoon. Though the catalyst remains unclear, the equity looks to be brushing off a price-target cut to $28 from $34 out of BofA Global Research. SMR has added 37% over the past nine months and is eyeing its first close above $20 since Dec. 11. However, the stock looks to be facing off with the overhead 50-day moving average.
One of the worst NYSE stocks today is Hims & Hers Health Inc (NYSE:HIMS), last seen down 2.9% at $32.87. While the reason behind today's drop is unknown, the shares are heading for their lowest close since May and have shed 32% over the past six months. Although, a floor at $32 looks to be moving in as support.