Stocks are slumping into the weekend, as the latest large-cap earnings report from Broadcom (AVGO) renews AI valuation concerns. The Dow Jones Industrial Average (DJIA) surged triple digits and topped a fresh record high out of the gate, but has since reversed these gains, now off 324 points. The blue chip index is still headed for a weekly win, however.

The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are headed for daily and weekly losses, as a risk-on attitude toward tech stocks returns. Against this backdrop, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), is heading for its best single-session gain in nearly a month

Pinterest Inc (NYSE: PINS) is seeing an uptick in options volume today. At last check, over 70,000 contracts have changed hands, volume that's four times the average intraday amount. Leading the way is the December 24 put, while there's spread activity at the December 27- and 28-strike calls as well. PINS is down 2.5% to trade at $26.22, extending yesterday's 3.3% gap lower after the social media company acquired tvScientific. The stock is now below its -10% year-to-date level. 

Chipotle Mexican Grill Inc (NYSE: CMG) is one of the better stocks on the New York Stock Exchange (NYSE) today, up 3.3% to trade at $36.03. The much-maligned fast casual chain just opened its 4,000th restaurant and announced it anticipates 350-370 new locations opening in 2026. CMG is down nearly 40% in 2025, but is up 21% off its Nov. 11 lows of $29.75. 

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Micron Technology Inc (Nasdaq: MU) is among the tech sector laggards today, last seen down 6.4% to trade at $242. The chipmaker is brushing off a massive price-target hike from Stifel to $300 from $195, with Broadcom's (AVGO) less-than-stellar projections likely a weight today, especially with Micron's own earnings report set for next Wednesday after the close. Micron stock is up 186% year to date and hit a record high of $264.75 on Wednesday. 

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