Major indexes are working to pivot higher this afternoon, after OpenAI's suggested IPO delay dragged early morning sentiment. The Dow Jones Industrial Average (DJIA) has managed to reverse its early morning losses to climb 204 points, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) both sit on a moderate gain. Healthcare stocks are giving Dow a boost, Johnson & Johnson (JNJ) being a major gainer today.
Consumer sentiment showed a lift but remained on the lower end for the month of June. Specifically, the University of Michigan consumer survey posted a reading of 49.5, slightly above estimates of 49.0. The Dow is the only index looking at logging a positive weekly performance.
Lyft Inc (LYFT) is trading 3.2% higher at $14.54 today, seeing an unexpected flood of attention in the options pits. While the catalyst behind the surge in puts is unclear, 71,000 have been traded already today, 20 times the average intraday rate. Most popular are the January 2027 10- and 15-strike puts. Over the past 12 months LYFT has struggled to maintain positive momentum, shedding 8% during this time frame.
One of the top stocks on the New York Stock Exchange (NYSE) today is ServiceNow Inc (NOW) up 7.4% at $96.19 at last check. The shares are bucking another day of the tech rout, bouncing off yesterday's pullback to the supportive $90 level. NOW still sports a grim 37% deficit for 2026, however.
Hewlett Packard Enterprises Co (HPE) is one of the worst names on the NYSE this afternoon, last seen down 6.8% at $43.53, though the catalyst for the drop is unclear. HPE is headed for a third-straight daily slide, yesterday breaching the long-term support of its 20-day moving average. Regardless, over the past 12 months, HPE has added 135%.
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