Wall Street is hoping to follow up a record-setting session with more gains, as all three benchmarks hover just near breakeven following this morning’s jobs and productivity reports. Investors are also awaiting tomorrow’s nonfarm payroll data, which could pressure the Federal Reserve to lighten its monetary policy. This comes just after the European Central Bank (ECB) this morning cut rates for the first time since September 2019.Nvidia Corp (Nasdaq: NVDA) is 1.5% lower at $1,206.66 at last glance, reversing earlier gains that put the stock at a new all-time high of $1,255.87. The “industry standard,” according to Goldman Sachs, rallied yesterday to a market cap above $3 trillion, proving once again that it’s the dominant name in the artificial intelligence (AI) chip space. Options traders are weighing in on the movement, with the 575,000 calls and 378,000 puts traded so far amounting to double the average intraday volume. Plus, new positions are opening at the 20 most popular contracts, led by the weekly 6/7 1,250-strike call.Lululemon Athletica Inc (Nasdaq: LULU) is 5% higher at $323.81 at last glance, after the apparel retailer reported better-than-expected earnings and revenue for the first quarter. On the flip side, Lululemon issued a weak second-quarter outlook, with sales cooling in the Americas, its largest market. Year to date, LULU is down 37.4%.Five Below Inc (Nasdaq: FIVE), meanwhile, was last seen 11% lower at $118.22 after a disappointing trip to the earnings confessional. The discount retailer issued a soft current-quarter revenue outlook, paired with first-quarter revenue that fell below expectations. Now trading at a nearly four-year low, FIVE is down 45.7% in 2024. More By This Author:S&P 500, Nasdaq Snag Fresh Record ClosesNasdaq Eyes 3rd-Straight Win As Nvidia Extends RallyDow Jumps Triple Digits, Back In Black For June