Dow Slips As Tech-Heavy Nasdaq Jumps Triple Digits

The major indexes are mixed this afternoon, as AI buzz continues to sway market sentiment. Nvidia (NVDA) and Oracle (ORCL) look to be in recovery mode today, following data supply concerns regarding the former's OpenAI partnership. EA's take-private deal is also making headlines, while investors digest an unexpected rise in pending home sales. A 4% rise for August vastly overshadowed the expected unchanged reading from analysts.

President Donald Trump has also threatened a 100% levy on films produced outside the U.S. At last check, the Dow Jones Industrial Average (DJI) is slipping below breakeven, the S&P 500 Index (SPX) sits flat, and the tech-heavy Nasdaq Composite (IXIC) is enjoying a triple-digit pop.

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Cannabis name Tilray Brands Inc (Nasdaq: TLRY) was last seen up 42% to trade at $1.63, after President Donald Trump endorsed cannabidiol for elderly health treatment. The penny stock is a popular pick amongst bullish traders in the options pits today, with 271,000 calls and 21,000 puts exchanged so far. This is 17 times the average daily options volume, with the weekly 10/3 2-strike call seeing the most action. TLRY is up 23% in 2025.

An outperformer on the New York Stock Exchange (NYSE) today is Circle Internet Group Inc (NYSE: CRCL), last seen up 7.2% to trade at $136.31, continuing its attempt to rebound off its early September lows. The equity began trading in early June, and has shed 24% so far this quarter. The catalyst behind today's lift is unclear, but the 20-day moving average looks to be moving in as a leg of support.

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Furniture stock RH (NYSE: RH) is dragging on the NYSE today, with the shares last seen off 4.3% at $193.76, heading for a fourth-straight daily drop. Tariff concerns surrounding furniture has been pressuring the sector since late last week, with RH now sporting a 51% year-to-date loss. 


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