Despite a strong start to December, the Dow Jones Industrial Average (DJI) is down 11 points at midday, after Senate Majority Leader Mitch McConnell passed on a bipartisan proposal for a $908 billion stimulus package last night. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are marginally lower as well, just a day after the two indexes logged record highs. Today's slip also comes despite the U.K. granting emergency authorization for Pfizer (PFE) and BioNTech's (BNTX) vaccine, and a fresh round of disappointing jobs data in the U.S. 

Continue reading for more on today's market, including:

• Salesforce.com stock plunged following its big buyout.
• Bull notes roll out for Kohl's stock after partnering with Sephora.
• Plus, one cannabis stock with notable call activity; more on TG's dividend announcement; and why Veeva's earnings beat wasn't enough.

One stock seeing notable options activity today is Salesforce.com, Inc. (NYSE:CRM), after plans for the company's aforementioned buyout of Slack Technologies (WORK) was announced and priced at $27.7 billion. So far today, 217,000 calls and 92,00 puts have crossed the tape, 10 times the average intraday pace. Most popular is the weekly 12/4 220-strike call, where new positions are being opened. Year-to-date, CRM remains up 37%, and this afternoon was last seen down 7.6% at $223.94.

On the opposite end of the NYSE, Veeva Systems Inc (NYSE:VEEV) is down 7.2% to trade at $264.24, despite yesterday reporting third-quarter earnings and revenue that topped analysts' expectations. Yesterday, the equity rose above its 80-day moving average for the first time since Nov. 6. However, it's now facing pressure from the trendline today, and sports a 5% year-to-date deficit. 

Stocks are on the rise today, extending the trend of recent record highs thanks to upbeat economic data. Specifically, the number of jobless claims for last week was lower than expected, falling for the first time in three weeks, and stimulus hopes were reignited as Senate Majority Mitch McConnell said a plan is "within reach." Meanwhile, the Dow Jones Industrial Average (DJI) is up over 170 points at midday, as Boeing (BA) surges, helping the blue-chip back above the 30,000 mark. Elsewhere, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher as well, both hitting another set of all-time highs.

Continue reading for more on today's market, including:

• Analyst slams Stitch Fix stock with bear note.
• A disheartening quarterly report hurt Splunk stock.
• Plus, one internet platform provider that hit an all-time high; more on Waddell & Reed's buyout news; and why PEN is plummeting today.

One stock seeing notable options activity today is Sea Ltd (NYSE:SE), which was last seen up 1.5% at a new all-time high of $186.80. Though the reason is unclear, bulls are running rampant in the options pits, where 39,000 calls have crossed the tape -- six times the average intraday pace and volume pacing in the 100th percentile of its annual range -- versus just 3,987 puts. Most popular is the December 200 call, followed by the weekly 12/04 190-strike call, with new positions being opened at both. Longer term, SE has added 370.7% year-to-date.

One stock surging on the New York Stock Exchange (NYSE) today is Waddell & Reed Financial, Inc (NYSE:WDR). WDR was last seen up 49.4% to trade at $25.41, after it was announced that Australia's Macquarie will buy the company for $1.7 billion. The news has Waddell & Reed stock trading at its highest level since March 2016, and has helped the equity to a 71% quarter-to-date rise.

Meanwhile, at the other end of the NYSE, Penumbra Inc (NYSE:PEN) is down 5% to trade at $195, cementing itself as a massive underperformer so far today. Today's dip marks the equity's fourth-consecutive day of losses, with its 80-day moving average acting as resistance over that timespan. Still, year-over-year, PEN has tacked on 12.9%.

Stocks are on pace to close the session and week with wins, all three having already hit a fresh record intraday high. The Dow Jones Industrial Average (DJI) is spearheading the charge with a 178 point lead at midday, despite a dismal November jobs report. The disheartening number, however, could be seen as a positive, as it may light a fire under lawmakers to quickly move forward with additional fiscal stimulus. Elsewhere, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher as well, with the former piggybacking off of gains in the energy sector to notch yet another all-time high. Still, the surge in coronavirus cases seen in the U.S. and abroad is keeping a lid on gains.

Continue reading for more on today's market, including:

• Why Netflix stock fell despite bull note.
• How has Toll Brothers stock fared of late?
• Plus, more on DOCU's post-earnings moves; why Pagerduty is seeing a surge on the charts; and how Yext stock is faring following its quarterly report.

One stock seeing notable options activity today is Docusign Inc (NASDAQ:DOCU), which was last seen up 7.1% at $247.37. This comes after the company posted an upbeat third-quarter earnings report, which resulted in a slew of bull notes for the equity. Meanwhile, 68,000 calls and 26,000 puts have crossed the tape so far today -- 12 times the intraday average and volume pacing in the top percentile of its annual range. The three most popular contracts are the weekly 12/04 260-,250-, and 255-strike calls, with new positions being opened at each. 

Meanwhile, one stock surging on the New York Stock Exchange (NYSE) today is Pagerduty Inc (NYSE:PD). PD was last seen up 17.4% to trade at $38.00, after the company reported a better-than-expected fourth-quarter outlook. The news has Pagerduty stock trading at its highest level since August 2019 and up 62.2% year-to-date.

Elsewhere, at the other end of the NYSE, Yext Inc (NYSE:YEXT) is down 15% to trade at $16.40. Despite reporting better-than-expected quarterly results, the equity's outlook seems bleak. Today's slip has YEXT poised to close below $16.50 for the first time since Oct. 9, and below its 150-day moving average for the first time since mid-September. Still, Yext stock has managed a 14.3% rise in 2020.

Following a record-setting session, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are lower at midday, as coronavirus cases continue to rise and the outlook of additional fiscal stimulus remains uncertain. U.S. President Donald Trump and Senate Majority Leader Mitch McConnell seemed poised to back another relief bill, but a second round of stimulus checks will most likely not be included. As a result, the blue-chip index has shed over 130 points, with shares of Chevron (CVX) and Intel (INTC) among the worst performing. Elsewhere, the Nasdaq Composite (IXIC) rose to another record high, thanks to shares of certain FAANG stocks, as well as Tesla's (TSLA) 4.6% bump.

Continue reading for more on today's market, including:

• Cisco stock drops after a cash-deal announcement.
• Chick-fil-A lawsuit triggers a Tyson stock drop.
• Plus, more on Kodak's fight to climb back up the charts; why TRNE surged on the NYSE; and one biotech stock that's plunging.

One stock seeing notable options activity today is Eastman Kodak Company (NYSE:KODK), which was last seen up a staggering 58.4% to trade at $11.93. This comes after a government watchdog agency found no wrongdoing in relation to the company's planned loan to produce drug ingredients for the U.S. government. Meanwhile, 77,000 calls and 34,000 puts have crossed the tape so far today -- 21 times the intraday average and volume pacing in the top percentile of its annual range. Most popular by far is the weekly 12/11 12.50-strike call, followed by the December 20 call, with new positions being opened at both.

Meanwhile, one stock surging on the New York Stock Exchange (NYSE) today is Trine Acquisition Corporation (NYSE:TRNE). TRNE was last seen up 17.6% to trade at a new all-time high of $20.35. Though the reason is unclear, the equity has now locked in a 99.4% rise in 2020, guided higher by its 10-day moving average.

At the other end of the NYSE, SQZ Biotechnologies Co (NYSE:SQZ) is down 13.6% to trade at $22.66. SQZ stock debuted on the NYSE on Nov. 4, and by Nov. 17, traded as high as $36.49. While the stock has clearly pulled back significantly since then, it's still managed a 14.3% rise over the last month.