Tech Triggers Market Turnaround as Nasdaq Pops Triple Digits

By Laura McCandless | October 23, 2025, 11:58 AM

Stocks have rebounded from their premarket woes, the Nasdaq Composite (IXIC) now up triple digits, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) sit modestly higher. Tech stocks are leading the charge, brushing off post-earnings drops from Tesla (TSLA) and IBM (IBM), both of which have pared early losses. Meanwhile, existing home sales increased 1.5% in September, rising to a seven-month high despite elevated prices. 

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

  • 3 quantum stocks to watch right now. 
  • Analysts eye casino stock after upbeat earnings. 
  • Plus, options bulls call up NOK; another quantum name making moves; and rising medical costs ding MOH. 

MMC October23

Options bulls are targeting Nokia Oyj (NYSE:NOK) today, after the telecommunication company's strong third-quarter report. So far, 112,000 calls and 3,773 puts have been exchanged, which is already five times the stock's average daily options volume. Expiring tomorrow, the weekly 10/24 6-strike call is the most popular, followed by the November 6 call. At last glance, NOK was up 10.2% at $6.11, and trading at three-year highs. 

D-Wave Quantum Inc (NYSE:QBTS) is one of the best performers on the New York Stock Exchange (NYSE) today, up 20.5% at $32.87 at last glance. The equity is enjoying sector tailwinds after The Wall Street Journal reported the Trump administration is in talks with several quantum companies to take equity stakes in exchange for federal funding. The shares are fresh off five-straight losses after their Oct. 15 record peak of $46.75, though the pullback was caught by the 40-day moving average. Year to date, QUBT is up 294%. 

QBTS OCt23

Molina Healthcare Inc (NYSE:MOH) was last seen down 20.1% at $155.95, after the company slashed its full-year profit forecast due to rising medical costs. The healthcare management name also posted earnings well below expectations, though revenue topped estimates, and warned of a small impact to Medicaid membership due to the recently passed budget bill. Nearing its Aug. 6 five-year low of $151.95, the equity is down 46.4% since the start of 2025.  

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