Stocks are swimming in red ink today, as Wall Street eyes President Donald Trump's trade negotiations and the start of the Federal Reserve's two-day policy meeting. The Dow Jones Industrial Average (DJI) is down 170 points, while the Nasdaq Composite Index (IXIC) sports a triple-digit loss as well. The S&P 500 Index (SPX) is modestly lower after snapping its impressive win streak yesterday. 

Meanwhile, the U.S. international trade deficit widened by 14% in March, coming in at a seasonally adjusted $140.5 billion -- a new record high. Year over year, the trade deficit has doubled. 

Options bulls are targeting Hims & Hers Health Inc (NYSE: HIMS), with 251,000 calls and 171,000 puts exchanged so far -- 7 times the average daily options volume already. The weekly 5/9 45-strike call is the most active contract, with new positions being sold to open. At last glance, HIMS was up 10% at $46.08, heading for its fourth-straight win after upbeat first-quarter results. 

FARO Technologies Inc (Nasdaq: FARO) is up 33.7% at $42.04, after news that AMETEK is acquiring the 3D product company for $44 per share in cash, or around $920 million. Gapping to three-year highs, FARO is up 66% year to date. 

Medical equipment stock Tactile Systems Technology Inc (Nasdaq: TCMD) is down 30% at $9.76, after disappointing first-quarter results. Plus, Piper Sandler downgraded the stock to "neutral" from "overweight," with a price-target cut to $14 from $25. Trading at 52-week lows after dropping below former support at the $10 level, TCMD is down 43% in 2025, heading for its worst daily drop ever.

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