Stocks Mixed Ahead of Fed Decision; Dow Jumps Triple Digits

All eyes are on the Fed's monetary decision scheduled for this afternoon, in which investors widely anticipate a rate cut. Stocks are mixed ahead of the event, with the Dow Jones Industrial Average (DJI) up almost 300 points, the S&P 500 Index (SPX) quietly lower, and the Nasdaq Composite (IXIC) down triple digits.

U.S.-China tensions are in focus, after the Financial Times reported that China has banned its tech companies from buying Nvidia (NVDA) chips, pushing the shares lower. Meanwhile, U.S. housing starts and building permits both came in below expectations in August. 

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

• Analyst: this streaming stock is a winner.
• Cereal stock slides, brushing off earnings beat.
• Plus, bulls circle PLUG; retailer outperforming its peers today; and popular online chat giant sinks lower.

Plug Power Inc (NASDAQ:PLUG), is seeing ample activity from bull traders, with 48,000 calls traded so far -- 6 times the average daily volume. Most popular is the October 2 call, with the September 2 call falling just behind. The renewable energy stock is extending this week's impressive gains, now eyeing a sixth-straight daily pop and looking to shed some of its 14.5% year-to-date deficit. Working its way out of penny stock territory, PLUG was last seen up 8% at $1.81.

One of the best stocks on the New York Stock Exchange (NYSE) today is Kohl's Corp (NYSE:KSS), last seen up 5.3% at $17.52. The catalyst behind today's surge is unclear, but the stock is eyeing a third-straight daily gain and extending its recent run higher on the charts. Support is stemming from the ascending 20-day moving average, with KSS now sporting a 24% 2025 gain. 

Social media platform Reddit Inc (NYSE:RDDT) is down 4.5% at $255.65 at last check, one of the worst performing stocks on the NYSE today. The equity is pulling back from yesterday's record peak of $268.15, but remains 310% higher year-over-year. The reason behind today's drop is unclear, but the shares remain steadily in record-high territory.