Nasdaq, S&P 500 Charge Higher As Big Tech Bounces Back

While the Dow Jones Industrial Average (DJI) is back in red territory this afternoon, the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are higher. Investors are betting on Big Tech again, with Alphabet (GOOGL) and Nvidia (NVDA) leading the charge ahead of the latter's earnings report, due out after the close. Wall Street is also watching Bitcoin (BTC) amid continued volatility and unpacking U.S. trade deficit data for August, which showed a sharp move lower as tariffs affected imports.

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Sigma Lithium Corp (Nasdaq: SGML) stock is surging today, up 37.9% to trade at $10.56 at last check, following a price-target hike from Canaccord Genuity and upbeat quarterly results from sector peer Sociedad Química y Minera de Chile (SQM). Shares are seeing unusual options activity, with 22,000 calls and 13,000 puts exchanged so far today, which is 13 times the volume typically seen at this point. The most active contract by far is the April 6 put, where 10,000 new positions have been opened. The equity is on track for its best day since May 2018 and sports a 94.6% six-month lead -- earlier surging to its highest level since March.

Solstice Advanced Materials Inc (Nasdaq: SOLS) stock is up 3.8% to trade at $42.99 at last check, standing amongst the SPX's leaders today. The equity is looking to snap a four-day losing streak after bouncing off the $40 region, but remains far removed from its Oct. 20, record high of $58. So far this month, the Wall Street newbie has shed 4.1%.

Eversource Energy (NYSE: ESstock is at the bottom of the SPX, last seen down 8.4% to trade at $68.30. The security is pacing for its worst single-day percentage loss since 2020, and earlier fell to its lowest level since September, gapping below recent support from the 40-day moving average. For 2025, ES still sports an 18.1% lead.

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