Stocks are struggling for direction, as investors unpack the weekend's tariff updates and economic data from late morning. The ISM index rose to 51.6% in April from 50.8% in March, while analysts had expected a drop to 50.4%. Separately, the S&P Global U.S. services purchasing managers' index (PMI) fell to 50.8 in April from 54.4 in the prior month, the lowest reading since November 2023.

The Dow Jones Industrial Average (DJI) is on the rise, while the S&P 500 Index (SPX) slips into the red, both just off Friday's ninth-straight win. The Nasdaq Composite Index (IXIC), meanwhile, is down triple digits. 

Options bulls are targeting FingerMotion Inc (Nasdaq: FNGR) today, with 20,000 calls exchanged so far, compared to 271 puts -- 9 times the overall average daily options volume. The May 3 and 4 calls are the most popular, with new positions being sold to open at the former. FNGR was up 27.6% at $3.47 at last look, headed for its ninth win in 10 sessions. Since the start of 2025, the software name is up 186.3%. 

Skechers USA Inc (NYSE: SKX) was last seen up 24.8% at $61.60, after news that 3G Capital is taking the footwear name private in a $9 billion deal. In response, Piper Sandler raised its price target to $63 from $45. Headed for its best day since Oct. 2017, SKX is trading at its highest levels since February, though the 120-day moving average appears to be capping gains. Year-to-date, the equity is still down 8.4%. 

Pharma stock PTC Therapeutics Inc (Nasdaq: PTCT) is down 18.4% at $40.76, after the company reported mid-stage data for its Huntington's Disease drug. Though the drug met its main-stage goal, some may have been looking for indisputable data. Before today's bear gap, PTCT was struggling with pressure at the $50 level. Since the start of 2025, the equity is down 10.7%. 

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