Dow Up Triple Digits; S&P 500 Eyes 4th-Straight Gain

The Dow Jones Industrial Average () is sporting a  this afternoon, as traders unpack Nvidia’s () better-than-expected quarter and volatile post-earnings response. The S&P 500 Index () is also sporting a midday lead and pacing for a fourth-straight gain, while the Nasdaq Composite (IXIC) is firmly in the red. Tech stocks are taking cues from NVDA, amid a rotation into bank stocks and sectors poised to benefit from a strong economy. MMC Stats 1121
BP plc (NYSE: ) stock is getting attention in the options pits today, with 41,000 calls and 37,000 puts exchanged so far, which is eight times the volume typically seen at this point. Most active is the February 30 call, where new positions are being bought to open. BP was last up 0.8% to trade at $29.32, with  after Ukraine claimed Russia launched an intercontinental ballistic missile. Shares still carry a 17.3% year-to-date deficit, and are once again attempting to conquer the $30 level after a failed attempt earlier this week.Shares of Deere & Co (NYSE: ) stock are near the top of the SPX today, up 6.8% to trade at a 5-week high of $432.66 at last check. The machinery company reported a profit and revenue beat for the fiscal fourth quarter, which is helping it brush off a dismal 2025 profit forecast due to slowing demand. DE has added 20.8% in the  and is pacing for its best single-day percentage gain since February 2023. DE Intraday
Alphabet Inc (Nasdaq: ) is leading the SPX lower today, down 6.2% to trade at a new 52-week low of $165.08. Today’s bear gap comes after the U.S. Department of Justice proposed the breakup of the  search business Google Chrome in an antitrust case. The stock is now eyeing its worst single-day percentage drop since January but still sports an 18.2% year-to-date lead. More By This Author:Nasdaq Logs Muted Loss Before Nvidia Earnings CallDow Pivots Lower As Target Earnings Drag Retail Sector Dow Falls Triple Digits; Nasdaq Pops Ahead Of Nvidia Earnings

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