Stocks are a mixed bag to end the first full week of the second quarter. The Dow Jones Industrial Average (DJI) is down triple digits, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are headed toward eight-day win streaks, their best run since August 2024. All three major indexes are also headed for back-to-back weekly wins for the first time in 2026.
However, Wall Street is wary after consumer sentiment data from the University of Michigan fell to 47.6 in March, its lowest rating on record. While March's consumer price index (CPI) matched expectations, investors are on edge about the Iran conflict's impact on inflation stateside.
Nucor Corp (NUE) stock is seeing increased activity in its normally quiet options today. At last look, 12,000 calls have changed hands, volume that's 22 times the average intraday amount. The brunt of the attention is at the September 177.26 call, with the April 195 call leading in the short term. NUE is up 1.9% to trade at $187.37 thanks to a price-target hike to $225 from $220. Shares are nearly 15% higher on the year and not far off their Feb. 11, nearly two-year high of $196.89.
Broadcom Inc (AVGO) stock is pacing the Nasdaq today, up 5.3% to trade at $373.85 as part of the broader semiconductor and tech sector rally. Shares are trading at their highest level since a post-earnings bear gap of 11.4% on Dec. 12. Thanks to a more than 20% pop already in April, Broadcom stock is back above its year to date breakeven level.
Datadog Inc (DDOG) stock is sitting out the tech rally today, as the "SaaSpocalypse" -- the overarching concern that agentic AI will render many products obsolete -- drags the software sector. DDOG is trading at a familiar floor around $100, last seen down 5.8% to trade at $102.66, and is already 25.5% lower so far this year.
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