Tech Stocks Boost Nasdaq as Apple Weighs on Dow

Wall Street is moving in opposite directions with the midterm U.S. election well underway. The Nasdaq Composite (IXIC) up nearly 200 points, as chip stocks such as Advanced Micro Devices (AMD) lift sentiment, while the Dow Jones Industrial Average (DJI) pulls back 236 points, weighed down by Apple's (AAPL) post-earnings slide. The S&P 500 sits comfortably higher as crude prices give back early gains, turning lower amid speculation of U.S.-Iran peace talks.

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

• Apple stock suffers a post-earnings setback. 
• Fintech concern shakes off off its lowered full-year outlook.
• Plus, two AI-adjacent stocks on the rebound; and SHOP's disappointing Q3.

Options bulls are piling on Riot Plaforms (NYSE:RIOT) stock, ahead of its third-quarter earnings call., due out before the open Wednesday, Nov. 4. Roughly 167,683 contracts have changed hands, volume that is roughly double RIOT's average intraday amount. The weekly 11/6 16- and 17-strike calls are seeing the most attention. The shares were last seen up 14.1% to trade at $13.51, attempting another rebound off $12 and looking to snap a three-day losing streak.

Nebius Group (NASDAQ:NBIS) stock is up 5.9% to trade at $149.90, rebounding as part of a broader bounce in AI data center and "neocloud" stocks after a sharp multi-week selloff. The shares tapped a multi-month low yesterday but are still 80% higher on the year. Should these gains hold, NBIS could lot its first win in four sessions.

Shopify (NASDAQ:SHOP) shares have dropped 6.7% to trade at $145.74, after the company reported third-quarter revenue and merchandise volume that missed Wall Street expectations. The e-commerce platform has gained 53% since its May 14, 52-week low of $94, but could log a fourth-straight decline today, should these losses hold.