Dow Running Toward 50K as Stocks Eye Weekly Wins

Stocks are finishing the week strong and starting May off with a bang. The Dow Jones Industrial Average (DJI) is up 89 points, making a renewed run at the 50,000 level thanks to a post-earnings pop from Apple (AAPL). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also confidently higher, both nabbing fresh intraday record highs. All three major indexes are heading for weekly gains, with the SPX and Nasdaq eyeing a sixth-straight win.

Oil prices are offering a reprieve today, with West Texas Intermediate (WTI) hovering near $100 per barrel. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) is heading for its lowest close since Jan. 30.

• Reddit stock capitalizes on massive user growth.
• SanDisk stock's absurd run continues with post-earnings melt-up.
• Plus, Roblox bulls play on; fiber optics stock shines; and Clorox stock in the mud.

Options traders are loading on up Roblox Corp (NYSE:RBLX) stock today. At last look, 119,000 options have changed hands today, volume that's 15 times the average intraday amount. The May 50 call is the most popular, with new positions being bought to open. The June 100 call is also seeing sell-to-open activity. Roblox stock is down 16% to trade at $46.60 after the video game company whiffed on first-quarter revenue and slashed its full-year outlook. Year-to-date, RBLX is down 42%.

Lumentum Holdings Inc (NASDAQ:LITE) stock is one of the better names on the Nasdaq today, up 8.3% to trade at $977 after B. Riley hiked its price target to $1,036 from $526. Lumentum stock earlier hit a record high of $978.36, and is 1,485% higher in the last 12 months with support from its ascending 50-day moving average.

Clorox Co (NYSE:CLX) stock is near the bottom of the New York Stock Exchange (NYSE) today, down 8.7% to trade at $87.96. The cleaning products concern reported a top-line beat for the fiscal third quarter, but a trimmed 2026 forecast prompted four price-target cuts. CLX earlier hit a 12-year low of $86.80, and is now down 37% year over year.