U.S.-Iran peace deal hopes and strong April jobs data are driving stocks higher this afternoon, with the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) both hitting more record highs as they head for their sixth-straight weekly gains. The Dow Jones Industrial Average (DJI) is modestly higher, on track for a weekly win as well. This morning's nonfarm payrolls reading saw an increase of 115,000 jobs last month, far beyond estimates of 84,000.
Casino name Wynn Resorts Ltd (WYNN) stock is trading 4.9% lower at $101.60 this afternoon, adding to its more than 15% year-to-date deficit despite posting a Q1 beat. Overhead pressure has stemmed from its 80-day moving average and options traders have been anything but shy after the report. So far today 33,000 calls have crossed the tape, 32 times the average intraday pace and over 22 times the number of puts traded. Most popular are the September and June 90 calls.
Calloway Golf Co (CALY) is one of the top stocks on the New York Stock Exchange (NYSE) today, up 19.2% to trade at $17.58, a nearly three-year high of $17.01. The golfing giant posted an impressive first-quarter earnings and revenue beat, now adding to its 2026 gain of 50%. CALY is eyeing its best day since June 9.
One of the worst NYSE stocks this afternoon is Cloudflare Inc (NET), last seen down 25% to trade at $193.70, brushing off a first-quarter earnings and revenue beat after the company said it will be cutting about 20% of its workforce to enhance its AI efforts. Today's bear gap has sent NET below its year-to-date breakeven level.
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