Today At A Glance:

Stocks finished mixed after a sharp morning selloff, with the Nasdaq nudging higher while the Dow and S&P 500 slipped as traders recalibrated odds of a December Fed rate cut. The day’s action was dominated—again—by AI leaders: early tech weakness flipped to a steadier close as Nvidia clawed back losses and helped stabilize risk sentiment. The Dow still closed down ~310 points after being off nearly 600 intraday; the S&P 500 trimmed a larger drop to a slight loss, and the Nasdaq eked out a small gain. Rising Treasury yields pressured cyclicals and value pockets, and both Bitcoin and gold fell. For the week, the Dow and S&P 500 posted modest gains while the Nasdaq edged lower.

• Today’s Index Performance:
• Dow Jones Industrial Average — The Dow opened today at 47,222.38 and closed at 47,147.48, with the percentage change of −0.65%.
• S&P 500 — The S&P 500 opened today at 6,672.51 and closed at 6,734.11, with the percentage change of −0.05%.
• Nasdaq Composite — The Nasdaq opened today at 22,544.73 and closed at 22,900.59, with the percentage change of +0.13%.

Gainers Of Note:

• Cidara Therapeutics (NASDAQ: CDTX) – Clinical-stage antivirals; soared ~100%+ after Merck unveiled a $9.2B all-cash acquisition for its long-acting flu candidate CD388.
• Warner Bros. Discovery (NASDAQ: WBD) – Media & streaming; rose on reports multiple suitors (including Paramount/Skydance, Comcast, and Netflix) are preparing bids.
• DoorDash (NYSE: DASH) – Local-commerce platform; rebounded ~7% as bargain hunters stepped in following post-earnings weakness earlier in the week.

Losers Of Note:

• StubHub (NYSE: STUB) – Ticketing marketplace; plunged ~25% after its first post-IPO report included a large net loss and no near-term guidance, plus a sell-side downgrade.
• Coherent (NYSE: COHR) – Photonics & materials; fell following disclosures of a large shareholder (Bain Capital) selling a significant stake.
• MicroStrategy (NASDAQ: MSTR) – Bitcoin-exposed software/treasury; slid alongside crypto-miners (RIOT, MARA) as Bitcoin dropped on the day.

Active Traders Of Note:

• Nvidia (NASDAQ: NVDA) – AI GPUs & platforms; heavy volume as traders positioned into the weekend ahead of its report and amid sector whipsaws.
• Netflix (NASDAQ: NFLX) – Streaming; brisk trading ahead of a 10-for-1 stock split expected before Monday’s open.
• Tesla (NASDAQ: TSLA) – EV leader; active as the stock fluctuated with the broader tech rebound and ongoing rotation out of megacaps.

Looking Forward:

With odds of a December rate cut fading, tomorrow’s tone may hinge on fresh Fed speak and whether yields stabilize. Traders will watch if today’s AI selloff triggers further de-risking or attracts buyers to leaders with solid fundamentals. Deal headlines (like SEE) and late-season earnings could continue to create idiosyncratic winners even if indexes remain choppy.

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