Dow, Russell 2000 Tap Records As Nasdaq Suffers Steep Slide

The Dow Jones Industrial Average (DJIA) is up 574 points points at last check, earlier nabbing an intraday record high thanks to an outsized move from Visa (V). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are moving lower, however, with the tech-heavy latter heading for its first triple-digit loss since Nov. 20. A post-earnings drawdown from Oracle (ORCL) is the culprit, as investors revisit AI valuations once more. Not all is lost, though, as the Russell 2000 Index (RUT) earlier managed to tap another record high.

MMC Stats Dec 11


Alcoa Corp (NYSE: AA) stock is seeing outsized attention in the options pits. At last check, 41,000 puts have changed hands, volume that's 11 times the average intraday amount and almost double the number of calls exchanged. The weekly 12/12 40-strike put is the most popular, while new positions are being opened at the December 43 and 45 puts. AA earlier hit an annual high of $47.33, and is now nearly 25% higher on the year. 

CF Industries (NYSE: CF) is near the top of the New York Stock Exchange (NYSE) today, last seen up 4.5% to trade at $79.47. Although there's no specific catalyst, fertilizer peer Mosaic (MO) is also a notable mover today. Yesterday, CF -- a Schaeffer's Top Pick of 2025 -- traded at its lowest level since late April. Year to date, the stock is down 7%. 

Fintech leader Robinhood Markets Inc (Nasdaq: HOOD) is near the bottom of the Nasdaq today, last seen down 8.1% to trade at $124.66, after Cantor Fitzgerald issued a price-target cut to $152 from $155. Robinhood stock is up 236% in 2025, and despite the 12% quarterly pullback, is still within an uptrend formed from August lows at $100.

(Click on image to enlarge)

MMC Stock Chart HOOD


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