Nasdaq Nabs New Record; Weekly Wins Within Reach
It's modest gains across the board for stocks, as investors await the outcome of President Trump and Chinese President Xi Jinping's meeting regarding TikTok and trade. The Nasdaq Composite (IXIC) is comfortably higher, hitting fresh record highs, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) sit just above breakeven. All three indexes are headed for healthy weekly gains, with the S&P 500 and Nasdaq pacing for their third-straight winning weeks. The Russell 2000 Index (RUT) is seeing a boost as well, earlier tapping a record high.
Tech services name Infosys Ltd (NYSE: INFY), is popular in the options pits today. So far, 21,000 calls and 26,000 puts have crossed the tape, 14 times the overall average daily volume. The September 18 put and October 20 call are most popular, with the former set to expire at the close today. INFY is off 20% in 2025, with the catalyst behind today's pullback unclear.
One of the best stocks on the New York Stock Exchange (NYSE) today is Oklo Inc (NYSE: OKLO), last seen up 16.9% at $122.73 and earlier hitting a record peak of $125.75. Eyeing its best day since June 11, OKLO is surging with the nuclear sector. Year-to-date, the equity is up 478%, with added support from the 50-day moving average.
Oil and gas transportation stock Hess Midstream LP (NYSE: HES) is underperforming on the NYSE today, last seen off 9.1% at $35.85, after the company lowered its full-year outlook due to a drop in rig activity. Today's pullback has sent the shares below breakeven for 2025, eyeing their worst day since April 4.
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