2022-10-04 16:50:01 $ECON Economic Data
10/04/22 10/0416:50 10/04/2216:50 | Market Summary:Market Summary: equites soared for a second straight day, making one of the strongest starts to an October in years. Hopes the Fed may be on the cusp of moderating and possibly even ending rate hikes in coming months provided the spark. And short covering extended the gains into the afternoon. The NASDAQ jumped 3.34% with a late 22% pop from Twitter as Elon Musk noted his buyout offer of $54.20 per share. The S&P 500 surged 3.06%, and the Dow was up 2.80%. Treasuries rallied too, and the drop in yields provided more support to Wall Street. Indeed, the 2-year yield slumped under 4%, albeit briefly before it and the entire curve pared gains and then consolidated in the afternoon. It finished 2 bps richer at 4.09% and the 10-year was down 1.2 bps at 3.627% after hitting a low of 3.557%. The DXY dollar index lost a lot of ground on the beliefs of a less aggressive Fed took hold. That was another factor underpinning Wall Street. A drop in August job openings, along with the surprise 25 bp hike from the RBA, less than the 50 bps anticipated, added to hopes of Fed moderation, even as Fedspeakers stressed their commitment to a 2% inflation goal. WTI oil prices also extended about 3.3% higher to $86.36 ahead of the expected output cut from OPEC on Wednesday and on general market optimism. The contract has climbed from the year's nadir of $76.71 on September 26. |
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Palantir Technologies call volume above normal and directionally bullish »
10:25 02/06/23 02/0610:25 02/06/2310:25
PLTR
Palantir
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Tesla price target raised to $223 from $186 at RBC Capital »
10:21 02/06/23 02/0610:21 02/06/2310:21
TSLA
Tesla
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Syndicate
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LeeWay Services 1M share IPO expected to price at $5.00 per share »
10:19 02/06/23 02/0610:19 02/06/2310:19
LEWY
LeeWay Services
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Conference/Events
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NASDAQ market internals summary »
10:17 02/06/23 02/0610:17 02/06/2310:17
$NSD
NASDAQ Market Internals
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Technical Analysis
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Futu Holdings put volume heavy and directionally bearish »
10:15 02/06/23 02/0610:15 02/06/2310:15
FUTU
Futu Holdings
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Ralph Lauren price target raised to $114 from $97 at Deutsche Bank »
10:13 02/06/23 02/0610:13 02/06/2310:13
RL
Ralph Lauren
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Under Armour price target raised to $14 from $11 at Deutsche Bank »
10:12 02/06/23 02/0610:12 02/06/2310:12
UAA
Under Armour
Under Armour
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On The Fly
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Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations »
10:09 02/06/23 02/0610:09 02/06/2310:09
SPOT
Spotify
Splunk
Church & Dwight
Celsius Holdings
Essential Utilities
PayPal
Datadog
T-Mobile
Verizon
AT&T
RH
Seagen
Marriott Vacations
Interlink Electronics
BridgeBio
Goosehead Insurance
Rexford Industrial
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Advanced Drainage price target raised to $147 from $140 at Deutsche Bank »
10:07 02/06/23 02/0610:07 02/06/2310:07
WMS
Advanced Drainage
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3M launches medical adhesive offering with wear time up to 28 days »
10:07 02/06/23 02/0610:07 02/06/2310:07
MMM
3M
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C3 AI call volume above normal and directionally bullish »
10:05 02/06/23 02/0610:05 02/06/2310:05
AI
C3.ai
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Albertsons launches Sincerely Health platform »
10:04 02/06/23 02/0610:04 02/06/2310:04
ACI
Albertsons
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AMC Theatres announces Sightline at AMC ticket pricing initiative »
10:03 02/06/23 02/0610:03 02/06/2310:03
AMC
AMC Entertainment
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Entegris price target raised to $95 from $90 at Deutsche Bank »
10:00 02/06/23 02/0610:00 02/06/2310:00
ENTG
Entegris
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Gaotu Techedu falls -9.2% »
10:00 02/06/23 02/0610:00 02/06/2310:00
GOTU
Gaotu Techedu
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X Financial falls -9.9% »
10:00 02/06/23 02/0610:00 02/06/2310:00
XYF
X Financial
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Bright Scholar falls -10.6% »
10:00 02/06/23 02/0610:00 02/06/2310:00
BEDU
Bright Scholar
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Hot Stocks
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BigBear.ai rises 15.0% »
10:00 02/06/23 02/0610:00 02/06/2310:00
BBAI
BigBear.ai
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Hot Stocks
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LyondellBasell price target raised to $100 from $85 at Deutsche Bank »
09:55 02/06/23 02/0609:55 02/06/2309:55
LYB
LyondellBasell
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Netflix price target raised to $425 from $400 at Jefferies »
09:55 02/06/23 02/0609:55 02/06/2309:55
NFLX
Netflix
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Early notable gainers among liquid option names on February 6th »
09:55 02/06/23 02/0609:55 02/06/2309:55
CTLT
Catalent
Align Technology
Tesla
Enphase Energy
Northrop Grumman
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