Investors are turning back toward tech stocks after yesterday's highly-anticipated 25-basis point rate cut, with two more rate cuts expected this calendar year. The tech-heavy Nasdaq Composite (IXIC) is up 245 points after Nvidia (NVDA) announced a $5 billion stake in Intel (INTC) as well as a data center partnership, sending shares of the latter soaring. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are modestly higher as well, with all three major benchmarks notching record highs in today's session.

Social media platform Snap Inc (NYSE: SNAP), is seeing an influx of activity in the options pits today. So far, 267,000 calls and 73,000 puts have crossed the tape, 4 times the average daily pace. Most popular is, the September 8.50 call, followed by the weekly 9/26 8.50-strike call. Lawsuit buzz continues to encase the equity, with a class action case filed for securities fraud. SNAP is off 23% in 2025 and was last seen up 3.2% to trade at $8.24.

One of the best stocks on the New York Stock Exchange (NYSE) today is Owlet Inc (NYSE: OWLT), last seen up 10.8% at $8.28 and eyeing its highest close since Aug. 18, though the reason behind the jump is unclear. OWLT is pushing above resistance at the $8 ceiling, looking to shave more off its 3.3% quarter-to-date deficit. 

Lifeway Foods Inc (Nasdaq: LWAY) stock is down 20.6% at $26.70 at last glance, one of the worst performing stocks on the Nasdaq today, after news that French dairy company Danone is no longer interested in buying the company. Falling from last session's record highs, the equity is still up 8.6% year to date. 

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