Stocks are moving lower to end the week, pivoting into the red after opening higher this morning. Weaker-than-expected nonfarm payrolls data and an alarming drop in February's consumer sentiment survey is the culprit, with the latter detailing worries about tariffs impacting near-term inflation. Rising bond yields are also weighing on investors, with the 10-year Treasury yield last seen above 4.5%.

The Dow Jones Industrial Average (DJI) is off more than 200 points midday, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are poised to snap three-day win streaks. For the week, all three indexes are still eyeing comfortable wins.

Wreaking havoc in the options pits this afternoon is Affirm Holdings Inc (Nasdaq: AFRM), after the fintech posted a fiscal second-quarter earnings beat and revealed its new debit card. So far, 141,000 calls and 45,000 puts have crossed the tape, which is 12 times the average daily options volume. The weekly 2/7 75 and 72-strike calls are most popular, with new positions being sold to open at both. At last glance, AFRM is up 21.2% at $74.66, just shy of a two-year high and finally breaking above recent pressure at the 50-day moving average.

 
Pinterest (NYSE: PINS) is one of the top performers on the New York Stock Exchange (NYSE) this afternoon, up 17.9% at $39.54, after the social media platform shared a record number of monthly users and an upbeat current-quarter outlook. A handful of bull notes came in response, including an upgrade to "buy" from "hold" at Benchmark. Today's surge has PINS sporting a 37% gain for 2025.

Software firm BILL Holdings Inc (NYSE: BILL) is one of the worst performers on the NYSE today, down 31.5% at $66.17 at last check, after the company posted a grim core revenue outlook. Today's bear gap has the equity trading at three-month lows and off more than 20% year-to-date.

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