All three major indexes are facing steep daily drops, with the Dow Jones Industrial Average (DJI) on track for its fourth-consecutive loss. New tariff threats from Trump -- now aimed at the European Union (EU) -- are weighing on the broader market.  Brushing off a better-than-expected inflations readings from the producer price index (PPI) and consumer price index (CPI), both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are eyeing their third loss in four sessions. Jobs data also posted an upbeat weekly reading, coming in at 220,000 unemployment claims.

Homebuilding specialist Lennar Corp (NYSE: LEN) is off 1.6% at $117.08 this afternoon, making ample noise in the options pits. While the catalyst for today's drop remains undetermined, earlier this week saw LEN suffer a downgrade at KBW. Options traders have been flooding the security, with 7,403 calls and 7,316 puts traded so far, representing 6 times the average daily pace. Most popular are the March 125 and 130 calls, with new positions opening at the former. Over the past 12 months, LEN has given back 26%.

Enjoying its best daily percentage pop since August, Fabrinet (NYSE: FN) is one of the top stocks on the New York Stock Exchange (NYSE) today, after the company said it gave a warrant to an Amazon.com (AMZN) affiliate to purchase as much as 381,922 shares. Today's jump has moved FN back above its year-to-date breakeven mark, though the equity is now contending with its 100-day moving average. At last check, FN is trading 10.1% higher at $222.26.

One of the worst stocks on the NYSE this afternoon is online questions thread Reddit Inc (NYSE: RDDT), last seen off 5.7% to trade at $122.85. While the catalyst behind today's drop is unclear, yesterday the equity suffered a $50 price-target cut to $200 by Raymond James. On Monday the shares fell to its lowest mark since October, and now carry a steep, 24% year-to-date deficit. 

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