Stocks are looking to extend yesterday's impressive rebound, although the implications of the Russian invasion of Ukraine are still at the forefront of investors' minds. The Dow Jones Industrial Average (DJI) is up 610 points midday, but is still on track for its third-straight weekly loss, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both on the rise and eyeing weekly wins. 

Investors are unpacking a host of economic indicators today as well, particularly inflation data. The consumer price index rose 7.5% year-over-year in January, while the personal consumption expenditures (PCE) index climbed 6.1% -- both showing rapid spikes in inflation and the latter's fastest rate since 1982. Meanwhile, U.S. durable goods rose 1.6% in January, which was higher than the expected 0.8%, while pending home sales fell 5.7%, compared to the 1% rise anticipated by analysts. 

Farfetch Ltd (NYSE: FTCH) is seeing an options surge today, with 18,000 calls and 8,891 puts across the tape -- six times the intraday average. The March 20 and 15 calls are seeing the most activity, with new positions being bought to open at the March 17.50 put. FTCH has landed on the Short Sale Restricted (SSR) list today, as the stock jumps 33% to trade at $19.97 after an upbeat forecast. However, no fewer than five analysts cut their price targets on lower sector multiples and "heightened risk."

Soaring to the top of the New York Stock Exchange (NYSE) today, KAR Auction Services Inc (NYSE: KAR) is up 38.4% at $18.95 at last glance. Carvana (CVNA) is the catalyst, as the car retailer plans to buy KAR's U.S. physical auction business, ADESA, for $2.2 billion. Gapping to its highest levels in roughly two years, KAR is now up 21.4% year-to-date. 

Meanwhile, software name Everbridge Inc (Nasdaq: EVBG) is down 39.3% at $28.08, after its fourth-quarter results. To follow, Truist Securities downgraded the stock to "hold" from "buy," with a price-target cut to $42 from $85. Plus, J.P. Morgan Securities and Stifel also cut their price targets by more than half to $45 and $40, respectively. Year-over-year, EVBG is down 81.3%.