The market is still reeling from the U.S. Federal Reserve's fourth-straight interest rate hike of 75 basis points yesterday. At midday, the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are both down triple digits, while the S&P 500 Index (SPX) sits firmly lower as well, with all three indexes heading toward their fourth-straight loss. Adding to the hawkish nature of central banks around the world, the Bank of England (BOE) raised its interest rates by 75 basis as well -- its largest rate hike in 33 years. 

Qualcomm Inc (Nasdaq: QCOM) is seeing a surge of volume in the options pits today. So far, 67,000 calls and 54,000 puts have crossed the tape, a volume that's five times the intraday average. The December 110 call is the most popular. Though the chipmaker announced positive fiscal fourth-quarter results, with earnings of $3.13 per share matching estimates alongside higher-than-anticipated revenue, its current-quarter forecast is weighing on the shares. Plus, no fewer than 14 analysts cut their price targets. At last glance, QCOM was down 7.6% at $103.92 -- a fresh two-year low -- and now down 43.4% year-to-date. 

NerdWallet Inc (Nasdaq: NRDS) is one of the top performers on the Nasdaq today, up 35.5% to trade at $13.44 at last check, after the software name's better-than-expected third-quarter results. Barclays raised its price target by $3 to $16 after the event, while BofA Global Research slashed its price target by $5 to $23. Now trading at its highest levels since February, the stock is still down roughly 13% year-to-date. 

Meanwhile, Lincoln National Corp (NYSE: LNC) is plummeting on the New York Stock Exchange (NYSE), down 31.7% to trade at $35.55 at last check, after the investment bank's third-quarter earnings miss. J.P. Morgan Securities also slashed the stock's price target to $55 from $68. This negative price action has LNC at a two-year low, now down 53.2% year-over-year.  

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