All three major indexes are in the green at midday
Stocks are higher midday, with renewed support from tech stocks, as investors eye a week filled with critical economic data and earnings. The Dow hit an intraday record high out of the gate, with the blue-chip index holding onto the vaunted 50,000 level. The S&P 500 and Nasdaq are also higher, the tech-heavy latter enjoying a lift from key players like Nvidia (NVDA), Oracle (ORCL), and Broadcom (AVGO).
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- Plus, bears circle FISV; ORCL up off the mat ; WAT's harsh 2026 outlook.
Fiserv Inc (NASDAQ:FISV) is seeing plenty of attention in the options pits. So far, over 78,000 puts have changed hands, 14 times the average intraday amount. The most popular contract is the February 55 put, with new positions being bought to open at the March 50 put. The fintech stock is up 0.8% to trade at $60.48 at last glance. Shares have declined 73.6% over the past 12-months while pressure remains firm at its 60-day moving average.
Oracle Corp (NYSE:ORCL) is among other top performers on the New York Stock Exchange (NYSE) today, following D.A Davidson's upgrade with notes of strength tied to OpenAI, although heavy debt concerns linger. At last check, shares are up 8.7% to trade at $155.19, a chip shot away from filling last week's gap lower. ORCL snapped an eight day losing streak on Friday and is eying its best single session gain since Sept. 12.
Waters Corp (NYSE:WAT) is one of worst names on the NYSE today, after the company issued a dismal first-quarter outlook that overshadowed its fourth-quarter top-line beat. WAT's annual performance has been anything but lackluster, however, shares are still sporting a 20.9% six-month lead. The analytical software stock was last seen down 11.3% to trade at $338.22.