Nasdaq Jumps Triple Digits, Hits Record High on Tesla Surge

Upbeat comments from President Donald Trump regarding China trade talks are boosting market sentiment this afternoon. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are modestly higher, while the tech-heavy Nasdaq Composite Index (IXIC) enjoys a triple-digit pop and record peak. Fed week is in full focus, with a rate-cut decision due out Wednesday, followed by a highly anticipated speech by Fed Chair Jerome Powell. Tesla (TSLA) is also making headlines, after CEO Elon Musk said he purchased nearly $1 billion worth in shares -- his largest and first such purchase since 2020.

Continue reading for more on today's market, including:

• Bullish bet boosts Broadcom shares.
• Unit split sinks popular chemical stock.
• Plus, GoPro options pop; some of the best and worst of the NYSE today.

Camera retailer GoPro Inc (NASDAQ:GPRO), is making noise in the options pits, with 49,000 calls and 18,18 puts traded so far -- 6 times the average daily volume already. Most popular is the September 2.50 call, with new positions being bought to open there. GPRO was last seen up 7.7% to trade at $2.22. The equity is on track for a third-straight daily win, earlier tapped an annual peak, and is eyeing its highest close since early 2024. GPRO has been attempting to recover from its early April lows, breaking above the 200-day moving average in late July and now up 110% year-to-date.

One of the best stocks on the New York Stock Exchange (NYSE) today is Fastly Inc (NYSE:FSLY), last seen up 7% at $8.28, though the catalyst is unclear behind today's surge. FSLY has broken above the $8 ceiling and is now trading at its highest level since June. However, the equity is still nursing a 12% year-to-date deficit. 

Bloom Energy Corp (NYSE:BE) is down 4.3% at $64.35 at last check, one of the worst performing stocks on the NYSE today. The shares are pulling back after last week's push to record highs, still sporting a 188% gain for 2025. BE last week enjoyed a slew of price-target hikes and upgrades, enjoying a halo lift off Oracle (ORCL) alongside sector peers.