Google's antitrust case win is pushing the tech sector higher today, with the results also favoring Apple (AAPL), which is embroiled in its own antitrust lawsuit. The tech-heavy Nasdaq Composite (IXIC) is up 229 points, while the S&P 500 Index (SPX) remains modestly higher as well. The Dow Jones Industrial Average (DJI) is sitting out the wave, last seen nursing a 117-point deficit and heading for its third-straight loss.
Under Armour Inc (NYSE: UAA) stock is seeing plenty of bearish options activity today, with 10,000 puts across the tape so far, 11 times the average daily volume. The most active contract is the April 5-strike put, where options are being sold to open. The athleticwear retailer has failed to recover from its steep, Aug. 8, post-earnings bear gap of 18.1%, off nearly 40% in 2025 and year over year. At last glance, UAA was trading 3.7% higher at $228.15.
Online chat forum Reddit Inc (NYSE: RDDT) is one of the top stocks on the New York Stock Exchange (NYSE) today, though the catalyst for the boost remains unclear. Last seen up 4.7% at $230.50, the equity's early-morning surge was capped by the $240 mark. Over the past 12 months, RDDT has jumped an impressive 296%, the shares tapping a record peak of $253.14 on Aug. 18.
ConocoPhillips (NYSE: COP) is one of the worst stocks on the NYSE today, last seen down 3.8% to trade at $95.19, after the oil name said it will slash its workforce 20-25% by the end of the year. The stock has been choppy on the charts of late, sliding further below its year-to-date breakeven mark amid today's drop. Support at the 50-day moving average is keeping losses in check, however.
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