Wall Street Quiet As Investors Exercise Tariff Patience
The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) sport modest midday gains, while the S&P 500 Index (SPX) continues to slip above and below breakeven. Investors remain focused on U.S.-China trade talks, which are reportedly "going well," with hopes for a resolution that avoids steep reciprocal tariffs.
Software giant Samsara Inc(NYSE: IOT) is making noise in the options pits, after the company shared plans to launch an operation and management fleet with Element in the U.S. and Canada. So far, 4,942 calls and 14,000 puts have been exchanged, 5 times the average daily volume. Most popular is the weekly 6/13 44-strike put. Over the last 12 months, IOT is up 33%.
Kohls Corp (NYSE: KSS) is one of the best performers on the New York Stock Exchange (NYSE) today, last seen up 5.1% at $9.46, extending its recent climb on the charts. Now eyeing its fourth consecutive daily pop, today's catalyst remains unclear, but is helping shave off some of the equity's 32% year-to-date deficit. KSS is facing off with its 100-day moving average as well, a potential layer of resistance moving forward.
Cameco Corp(NYSE: CCJ) is one of the worst NYSE performers today, down 5.5% to trade at $63.17 at last glance. Shares are pulling back from a recent surge that came after news Cameco will see an increase worth $170 million from its 49% stake in Westinghouse Electric Company. CCJ is eyeing a break from its five-day win streak, but remains 22% higher for 2025.
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