Stocks Scattered As Rate-Cut Buzz, Tailwinds Die Down
Stocks are a mixed bag to start the final week of August. The Dow Jones Industrial Average (DJIA) is off by triple digits, while the S&P 500 Index (SPX) is in consolidation mode, with the former heading for its sixth loss in seven trading sessions. The Nasdaq Composite (IXIC) is marginally higher, with the tech-heavy index paring a steep open in the red, as looming Nvidia (NVDA) earnings and Intel's (INTC) government deal have the semiconductor sector buzzing.

Rocket Lab USA Inc (Nasdaq: RKLB) is seeing an uptick in options activity today. At last look, over 161,000 calls have changed hands, volume that's 4 times the average intraday amount and double the number of puts traded. The weekly 8/29 49.50-strike call is the most popular, followed closely by the weekly 8/29 43-strike put. RKLB is 9.6% higher to trade at $48.71 today, with no specific catalyst, although the earth exploration company is a hit on StockTwits right now. Rocket Lab stock is 92% higher in 2025 and up 603% year-over-year.
PDD Holdings Inc (Nasdaq: PDD) was one of the best tech stocks today, up as high as $133.33 before paring those gains, after the Temu parent reported second-quarter earnings and revenue that exceeded estimates. PDD is still heading for its highest close since late March, and is 31% higher in 2025.
RH (NYSE: RH) stock is near the bottom of the New York Stock Exchange (NYSE) today, down 6.2% at $228.56, with furniture stocks in the red across the board after President Donald Trump announced an investigation into imported units. RH is down 42% year to date, and has spent the summer trading in a tight range.
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