The Dow Jones Industrial Average (DJI) is down triple digits this afternoon, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are comfortably in the black after earlier notching more record highs. Strong results from Google-parent Alphabet (GOOGL) are driving today's optimism, with the tech sector enjoying tailwinds. As traders unpack the latest earnings reports and look out for tariff updates, they are also eyeing tensions between the White House and the Federal Reserve, with President Trump expected to visit the central bank today.

Las Vegas Sands Corp. (NYSE: LVS) is getting pummeled in the options pits today, with 97,000 calls traded so far -- 22 times the intraday average volume -- compared to 6,335 puts. The most active contract is the January 16, 2026 45-strike call, where positions are being opened. LVS was last up 3.2% to trade at $50.24 and earlier surged to a year-to-date high of $52.39, after the casino name beat second-quarter earnings and revenue estimates. Bouncing off the ascending 20-day moving average after attracting at least four price-target hikes, the stock now sports a 25% year-over-year lead.

Among the best names on the SPX today is Labcorp Holdings Inc (NYSE: LH), last seen up 6.6% to trade at $267.29 at last check, after blasting through a long-term ceiling at $260-$265 and notching a record high of $283.47 right out of the gate. The diagnostics giant beat top- and bottom-line expectations for the second quarter and raised its annual profit forecast. This put the shares on track for their best single-day percentage gain since August 2024. So far this year, LH has added more than 16.8%.

Dow Inc(NYSE: DOW) is one of the worst stocks on the SPX today, last seen down 14.7% at $25.90, after the chemicals company shared wider-than-expected losses for the second quarter in addition to a revenue miss. Now carrying a 51.2% year-over-year deficit, DOW is testing long-term support at the $25 level and trading at its lowest mark since April as it looks to snap a three-day win streak with its biggest loss since March 2020.

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