Stocks are extending their gains today, as tech stocks right the ship. The Nasdaq Composite (IXIC) is up triple digits, with faith in AI infrastructure stocks restored by solid fundamentals from Super Micro Computer (SMCI) and upbeat earnings out of SpaceX (SPCX). The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are extending their early morning gains, while the Russell 2000 Index (RUT) heads for a third-straight win.
Velo3D Inc (Nasdaq: VELO) stock is seeing an uptick in options volume today. At last look, over 10,000 contracts have changed hands, volume that's triple the average intraday amount. The November 7.50 call is the most popular, as well as the May 10 call. Velo stock is up 4.5% to trade at $6.92 today, but is still down 50% on the year.
EchoStar Corp (Nasdaq: ECHO) stock is 7.1% higher to trade at $92.52, with the space sector getting a halo lift from SpaceX's blowout corporate report. Despite today's pop, ECHO is down 15.5% in 2026, with its 100-day moving average turning away a rally earlier this month.
Chipotle Mexican Grill Inc (NYSE: CMG) is near the bottom of the New York Stock Exchange (NYSE) today, last seen down 4.7% to trade at $28.25. TD Cowen downgraded the burrito chain to "hold" from "buy," while trimming its price target to $32 from $44 on a softer sales outlook. Chipotle stock is a chip-shot from its June 4 three-year low of $28.03, and is now down 24% year to date.
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