Yesterday's record session is officially old news, as all three major indexes are swimming in red ink this afternoon. Profit taking is dragging the tech-heavy Nasdaq Composite (IXIC) triple digits, while both the S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) sport notable losses as well, after inflation data buckled any remaining upbeat sentiment. The consumer price index (CPI) reading for April saw a rise of 0.6%, pushing the annual rate to 3.8% -- a three-year high. Crude prices are continuing their stretch higher, adding roughly 4.1% as U.S.-Iran developments remain uncertain.
Quantum Computing Inc (QUBT) stock is surging 29% higher to trade at $13.15 after the company posted a narrower-than-expected first-quarter loss on an impressive revenue beat. Headed for its best daily pop since May 2025, options traders are flocking toward the software name in response. So far 152,000 calls have been exchanged, 10 times the average pace, with the most attention seen at the May 15 call, set to expire Friday.
Sea Ltd (SE) is one of the top stocks on the New York Stock Exchange (NYSE) today, last seen up 11.1% to trade at $94.30, surging after the software giant posted a Q1 revenue beat. SE is eyeing its highest close since early March and looking to chip away at its 26% year-to-date deficit. Overhead pressure stemming from its 80-day moving average, however, is keeping a lid on gains.
One of the worst NYSE stocks this afternoon is Hims & Hers Health Inc (HIMS), last seen down 13.8% to trade at $25.16 after the pharma name's first-quarter loss and revenue significantly missed estimates. The company cited its recent shift into GLP-1 weight-loss drugs as a catalyst for the margin squeeze. HIMS has struggled on the charts, shedding 54% over the past 12 months.
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