Dow Up Nearly 350 Points; Nasdaq Pivots Lower

The Dow Jones Industrial Average (DJI) is up nearly 350 points this afternoon, as a House vote slated for later today to end the government shutdown injects optimism into the market. The S&P 500 Index (SPX) is trading below breakeven despite financial sector strength, while the Nasdaq Composite (IXIC) shifts lower triple digits amid more Big Tech volatility.

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Seeing unusual options activity today is Albemarle Corp (NYSE: ALB) stock, with 44,000 calls traded so far today -- 7 times the intraday average amount -- compared to 4,374 puts. Most popular is the January 16, 2026 135-strike call, with new positions opening there. ALB is up 4.3% to trade at $108.35 at last glance, on track for its fourth-straight gain. The security earlier hit a fresh year-to-date high of $110.63, after bouncing off familiar support at the $90 level. In the last nine months, ALB has added over 40%.

Advanced Micro Devices Inc (Nasdaq: AMDstock is leading the SPX today, last seen up 9% at $259. This bull gap follows comments from executives, noting the chip company's operating margins could increase 35% in the next three to five years, and that the AI data center market will be worth $1 trillion by 2030. AMD boasts an impressive 116% lead for 2025, and is trading within striking distance of its Oct. 29, record high of $267.08.

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Paramount Skydance Corp (Nasdaq: PSKYstock is at the opposite end of the SPX, pacing the laggards with a 6.2% drop to trade at $15.69. The equity is brushing off yesterday's earnings beat and a price-target hike from Bernstein to $12 from $11, amid news that 600 employees quit after the company required a full return to the office, with severance packages adding up to $185 million. PSKY sports a 52% year-to-date lead, and has struggled with resistance at the 50-day moving average since late-October.


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