Consumer Confidence, AMD-Meta Deal Sends Stocks Higher

Meta Platforms' (META) chip supply deal with Advanced Micro Devices (AMD) is giving sentiment on Wall Street a much-needed lift, with the Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) both up triple digits this afternoon. The S&P 500 Index (SPX) is sporting a modest gain as well, as the software sector attempts to shake off AI disruption worries. Meanwhile, the consumer confidence index came in better-than-anticipated, rising to 91.2 -- topping the 86.8 estimate -- and indicating an improved outlook for labor market health.

• Home Depot stock props up Dow with post-earnings boost.
• Defense name slides despite earnings beat.
• Plus, options bears circle Colgate stock; the best and worst names on the NYSE.

Colgate-Palmolive Co (NYSE:CL) is seeing an unusual amount of options activity today. So far, over 673 calls and 18,000 puts have been exchanged, nine times the average intraday amount, the March 90 put seeing the most attention by a mile. The company yesterday reported operating profit down 23% in fiscal 2025. Last see up 0.4% at $97.44, CL is up 23% year to date.

Computer tech giant Keysight Technology Inc (NYSE:KEYS) is one of the top stocks on the New York Stock Exchange (NYSE) today, last seen up 21% at $296.57, earlier tapping a record high of $301.48. KEYS is eyeing its best day ever after reporting an impressive fiscal Q2 outlook and fiscal first-quarter earnings and revenue beat. Over the past 12 months Keysight Technologies stock has added 70%.

Tennant Co (NYSE:TNC) stock is one of worst names on the NYSE today, last seen down 22.6% at $63.67, after the machinery name posted a fourth-quarter earnings that missed expectations. The company cited the implementation of its ERP system for the disruptions on performance. TNC earlier hit a three-year low of $61.96, pacing for its worst daily drop on record.