Market Overview - The S&P 500 and Nasdaq retreated from record highs, while the Dow experienced the largest percentage decline [1][8] - The current bull market is nearing its third anniversary, with the S&P 500 having risen nearly 90% since its low on October 12, 2022 [1][8] - Concerns about a potential market bubble are emerging, particularly driven by the rise of artificial intelligence technology [1] Economic Data and Earnings Season - The U.S. government shutdown has lasted nine days, resulting in a lack of essential economic data for market participants [2][8] - The third-quarter earnings season is approaching, with analysts predicting an 8.8% year-on-year growth for the S&P 500, down from 13.8% in the previous quarter [6][8] - Major banks including JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo are set to report quarterly results next week [8] Sector Performance - Among the 11 major sectors of the S&P 500, materials saw the largest decline, while consumer staples were the only sector to gain [5][8] - Housing and homebuilding sectors underperformed, both dropping over 2% due to margin and demand concerns [5][8] Stock Movements - Delta Air Lines reported stronger-than-expected earnings, leading to a 4.3% increase in its shares, while the S&P 1500 Airlines index rose by 1.9% [8] - Costco Wholesale shares increased by 3.1% following positive September sales data [8] - Albemarle's shares rose by 5.3% after a price target increase from TD Cowen and due to China's tightening of export controls on rare earths [9] Market Sentiment - Financial markets are pricing in a 94.6% likelihood of a 25 basis-point interest rate cut by the Fed at the end of October [4][8] - The Dow Jones Industrial Average fell by 243.36 points (0.52%), the S&P 500 lost 18.61 points (0.28%), and the Nasdaq Composite decreased by 18.75 points (0.08%) [4][8]

US technology stocks face growing risks as investors seek to cash in on this year’s record-breaking rally, according to Citigroup https://t.co/Zr2xZ3FZKZ ...

Goldman Sachs and Citigroup are split on the outlook for French bonds given differing views on how much the market has factored in the chances of new elections https://t.co/9ffFqXBBdt ...

A large part of yen selling Monday was macro hedge funds closing bullish bets, referred to as “squaring up,” rather than establishing new bearish ones, according to traders from Nomura and Citigroup. https://t.co/h4y7HL2Q1Y ...

Market Trends & Economic Outlook - Federal Reserve interest-rate cuts are anticipated to stimulate an economic rebound in the coming year [1] - Investors are expected to anticipate rate increases by late-2027 [1]

Core Viewpoint - Riot Platforms Inc. (NASDAQ:RIOT) has seen significant stock price increases due to optimism surrounding Bitcoin's potential to reach $200,000 and positive analyst ratings [1][2][3]. Group 1: Stock Performance - Riot Platforms' stock rose 11.81% to close at $19.78, marking a continuation of gains for a second consecutive day [1]. - The company rallied alongside peers such as CleanSpark, MARA Holdings, and Galaxy Digital, driven by bullish sentiments regarding Bitcoin [2]. Group 2: Analyst Ratings - Citigroup upgraded Riot Platforms' stock rating from "hold" to "buy" and increased its price target from $13.75 to $24, reflecting optimism in the high-performance computing (HPC) sector [4]. - JPMorgan also upgraded Riot Platforms to an "overweight" rating from "neutral" and raised its price target from $15 to $19 [5]. Group 3: Market Context - The positive outlook for Riot Platforms is linked to the company's transition towards HPC services, aiming to meet the growing demand from the AI market [4].

Group 1: United States Antimony Corporation - United States Antimony Corporation has been awarded a sole-source contract by the U.S. Defense Logistics Agency for up to $245 million [1] - The contract involves the purchase of antimony metal ingots to support the replenishment of the National Defense Stockpile [1] - Shares of United States Antimony increased by 2.2% to settle at $6.39 on Monday [4] Group 2: Amphenol Corporation - Amphenol Corporation is recognized as a strong company, with analysts expressing positive sentiments [2] - Goldman Sachs analyst Mark Delaney maintained a Buy rating on Amphenol and raised the price target from $124 to $139 [2] - Citigroup analyst Asiya Merchant also maintained a Buy rating and increased the price target from $125 to $145 [2] - Shares of Amphenol fell by 1.3% to settle at $121.01 on Monday [4]

Group 1: United States Antimony Corporation - United States Antimony Corporation has been awarded a sole-source contract by the U.S. Defense Logistics Agency for up to $245 million [1] - The contract involves the purchase of antimony metal ingots to support the replenishment of the National Defense Stockpile [1] - Shares of United States Antimony increased by 2.2% to settle at $6.39 on Monday [4] Group 2: Amphenol Corporation - Amphenol Corporation is viewed positively, with Jim Cramer describing it as a "rocket ship" [2] - Goldman Sachs analyst Mark Delaney maintained a Buy rating on Amphenol and raised the price target from $124 to $139 [2] - Citigroup analyst Asiya Merchant also maintained a Buy rating and increased the price target from $125 to $145 [2] - Shares of Amphenol fell by 1.3% to settle at $121.01 on Monday [4]

Prolonged government shutdowns have historically lifted prices for long-dated Treasuries, according to Citigroup, providing a potential upside for bond investors as the US hurdles toward another potential closure https://t.co/jMWZWV674b ...

Thailand’s central bank could deliver a larger interest-rate cut in October to curb the strengthening baht, Citigroup says https://t.co/3buQEjlDVg ...