<div id="readability-page-1">The Dow Jones Industrial Average (DJI) is down nearly 400 points as oil prices and bond yields rise following new strikes between the U.S. and Iran. The Nasdaq Composite Index (IXIC) is down triple digits as well, while the S&amp;P 500 Index (SPX) sits modestly in the red. The ISM services purchasing managers' index (PMI) came in at 54.5 for May from 53.6 in April, above economists' expectations of 53.9. While Service-sector activity continued to expand, new orders weakened, though business activity and employment both improved from the prior month. Continue reading for more on today's market, including: <ul> <li>Macy's posts strongest Q1 sales growth in four years. </li> <li>Analysts retreat from struggling Shake Shack stock. </li> <li>Plus, options bears eye CMG after downgrade; KMX continues rally; and GRRR plummets despite $2 billion AI deal. </li> </ul> <img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2026/june/mmc/mmc-june-3.png/query-c2Z2cnNuPTYzOTBiYzA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="593" height="362" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2026/june/mmc/mmc-june-3.png/query-c2Z2cnNuPTYzOTBiYzA2XzI"/> Put traders are targeting Chipotle Mexican Grill Inc (NYSE:CMG) today, after a downgrade from Morgan Stanley to &#34;equal weight&#34; from &#34;overweight,&#34; with a price-target cut to $37 from $49. So far, 96,000 puts have crossed the tape -- nine times the amount typically seen at this point -- in comparison to just 9,133 calls. The weekly 6/5 29-strike put is the most popular, followed by the July 25 put, with new positions opening at the latter. CMG is trading at three-year lows, last seen down 2.4% at $28.56 and heading for a fifth-straight loss. <img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2026/june/mmc/cmg-june-3.png/query-c2Z2cnNuPTY3OTBiYzA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="576" height="299" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2026/june/mmc/cmg-june-3.png/query-c2Z2cnNuPTY3OTBiYzA2XzI"/> One of the top performers on the New York Stock Exchange (NYSE), CarMax Inc (NYSE:KMX) was last seen up 7.4% at $47.19 amid rising optimism ahead of its first-quarter earnings report, due out later this month. The shares snapped an eight-day win streak last session, but are now trading at their highest levels since mid April as they resume their climb. Year to date, the equity is up 22%. Gorilla Technology Group Inc (NASDAQ:GRRR) is down 17.6% at $17.93, taking a breather from its recent rally despite yesterday announcing a $2 billion AI infrastructure supply agreement with Supermicro (SMCI) and news of a $107 million convertible bond sale. Looking to snap a four-day win streak, GRRR is still up 59% year to date.</div>

GRRR

.DJI

U.S. stocks declined as U.S.-Iran strikes drove up oil prices and bond yields, with the Dow down nearly 400 points. The ISM services PMI rose to 54.5 in May. In corporate news, Chipotle (CMG) fell after a Morgan Stanley downgrade, while CarMax (KMX) surged ahead of earnings. Gorilla Technology (GRRR) dropped despite a $2 billion AI deal.

Schaeffers

Chipotle Mexican Grill

Gorilla Tech

Carmax

Dow Jones Industrial Average

NASDAQ Composite Index

S&P 500

Macys

Shake Shack

Morgan Stanley

Super Micro Computer

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

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GORILLA TECHNOLOGY GROUP INC C/WTS (TO PUR COM)

Stocks Slide as U.S.-Iran Strikes Lift Oil Prices