Market Overview - US stocks rose on October 20, with major indexes gaining over 1% due to optimism over strong product demand and upcoming corporate earnings [1][10] - The S&P 500, Dow, and Nasdaq each experienced significant increases as investors prepared for a busy week of earnings reports and key inflation data [1][10] Company Highlights - Apple: Shares jumped nearly 4% to a record close, driven by robust demand for the iPhone 17 series in the US and China, with sales in the first 10 days outpacing its predecessor [2] - Super Micro Computer: Stock rose 5.5% following a technical analyst's suggestion of a bullish "cup and handle" pattern, despite recent pressure from missed sales and profit forecasts [3][4] - Energy Sector: Energy stocks advanced, with Expand Energy shares surging 6% and EQT Corp gaining nearly 5%, attributed to rising natural gas prices and forecasts for colder weather increasing heating demand [6] - AppLovin: Shares fell 5.6% amid growing regulatory scrutiny over data-collection practices, with ongoing investigations by the Securities and Exchange Commission [7][13] - Oracle: Stock declined nearly 5% after setting ambitious AI growth targets, raising concerns about rising capital expenditures and dependence on revenue linked to OpenAI [8][13] - Seagate Technology and Western Digital: Shares declined by 4.9% and 3.7%, respectively, with analysts noting strong demand for AI-related infrastructure through 2026 but potential cyclical slowdown in 2027 [9][13]
US stock market top gainers & losers today: Apple, Supermicro, Expand Energy, EQT rise - while Oracle, AppLovin, Seagate, Western Digital fall