Dow, Nasdaq Drop Triple Digits as AI Weakness Adds Pressure

Crude prices are weighing heavy once again

All three major indexes are firmly lower at midday, as rising oil prices and Treasury yields pressure stocks alongside weakness in AI names. The Nasdaq Composite Index (IXIC) and Dow Jones Industrial Average (DJI) are down triple digits, while the S&P 500 Index (SPX) sits sharply in the red as well.

West Texas Intermediate (WTI) crude is up 3.2% above $95 per barrel, while the 10-year Treasury yield has climbed to 5.257%. U.S.-Iran tensions remain in focus as well, after President Donald Trump rejected Iran’s conditions for a ceasefire.

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

• Airline stocks suffer major setback amid rising fuel costs.
• C-suite exit triggers MongoDB stock selloff.
• Plus, options traders flock to WHR; two retailers on opposing ends of the NYSE today.

Whirlpool Corp (NYSE:WHR) is trading 0.2% higher at $31.76 this afternoon, while seeing an influx of attention in the options pits. While the catalyst remains unclear, roughly 33,191 contracts have been exchanged so far, almost five times the average daily rate. The November 35 call is the most popular, with the December 30 call trailing closely behind. WHR earlier hit a 17-year low of $30.30, the equity now off 55% for 2026.

BJ’s Wholesale Club Holdings Inc (NYSE:BJ) is one of thee best performers on the New York Stock Exchange (NYSE) today, up 28% at $96.35, extending last week’s gains after Moody’s changed its outlook on the discount retailer to “positive.”  BJ is headed for a third-straight win, obtaining more distance from its year-over-year breakeven level. The 360-day moving average is just overhead, however, which has rejected multiple breakout attempts since January.

Eye glasses retailer Warby Parker Inc (NYSE:WRBY) is moving 4.2% lower to trade at $25.57, sitting as one of the worst NYSE performers this afternoon. The shares are pulling back from last week’s two-day pop that brought the stock to its highest level since August, now back below the $26 level and sporting a 7% year-over-year deficit.