While stocks have come off their session lows, broad market chop is persistent today
Stocks are in the red today but off their session lows, as Wall Street tries to work off the latest geopolitical tensions. The Dow Jones Industrial Average (DJI) is modestly below breakeven after trading on both sides of the aisle this morning. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both in the red, the tech-heavy latter in danger of snapping a 13-day win streak, its longest since 1992.
Oil prices remain elevated, with West Texas Intermediate (WTI) last seen up nearly 6%. Amid the broad market chop today, the Cboe Volatility Index (VIX) is headed for its first win in nine sessions.
- Satellite stock stalled by orbit gaffe.
- USAR giving the rare earths sector a boost.
- Plus, Figma bears make their move; and two tech titans moving in opposite directions.
Figma Inc (NYSE:FIG) is getting attention from options bears today. At last check, 14,000 puts have changed hands, volume that's double the average intraday amount. The September 17.50 put is the most popular, while the July put with the same strike is also seeing new positions bought to open. FIG is down 0.3% to trade at $18.66 at last check, and shed 6.9% on Friday after Anthropic launched Claude Design. FIG is down 50% in 2026.
Dell Technologies Inc (NYSE:DELL) is near the top of the New York Stoc Exchange (NYSE) today, last seen up 3.8% to trade at a fresh record high of $204.06, after Melius Research hiked its price target to $245 from $200. The tech stock is 78% higher on the year.
Intel Corp (NASDAQ:INTC) stock is near the bottom of the Nasdaq today, down 3.8% to trade at $65.87. While Morgan Stanley hiked its price target to $56 from $41, the analyst in coverage said Micron Technology (MU) and SanDisk (SNDK) boast better risk/reward profiles. INTC is also shrugging off a bull note from Stifel to $65 from $42. Intel stock is 78.9% higher in 2026 and hit a 25-year high of $70.33 on Friday.