Stocks are stabilizing midday after some early morning volatility. The Dow Jones Industrial Average (DJI) was down triple digits but has pared those losses, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) have also pivoted into the black. The tech-heavy latter is going for a 12-day win streak, its longest since July 2009.
The Nasdaq and S&P 500 nabbed record highs out of the gate, but quickly succumbed to profit taking. Investors are also unpacking news that Lebanon and Israel agreed to a 10-day ceasefire, according to President Donald Trump. Nevertheless, Brent crude was last seen 2.5% higher.
Planet Labs PBC (PL) is seeing outsized options activity today, with over 30,000 calls changing hands midday, volume that's three times the average intraday amount and the number of puts exchanged. The May 40 call leads the charge, but new positions are being bought to open at the April 38 call. The satellite stock is 11.6% higher to trade at $38.40 at last glance, as space stocks extend their recent run. PL hit a record high of $39.01 right out of the gate and is now 1,106% higher in the last 12 months.
Advanced Micro Devices Inc (AMD) stock is boosting the tech sector today, up 7.3% to trade at a record high of $277.02 at last check, after the chipmaker scored a price-target hike to $265 from $235 at Bernstein. The equity sports a 29.2% lead so far in 2026, with support in place at its 200-day moving average.
Lucid Group Inc (LCID) stock is near the bottom of the Nasdaq, down 6.7% to trade at $7.66 at last glance. The EV company reported a $1 billion operating loss as part of its preliminary first-quarter results, and priced a $300 million underwritten stock offering. An SEC filing also showed Lucid named Silvio Napoli as CEO. LCID is down 28% year to date and fell to a record low of $7.38 earlier today.
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