Market Performance - Seagate Technology and Western Digital experienced declines of -6.24% and -4.4% respectively after a period of strong growth [1] - Moderna, Super Micro Computer, and ON Semiconductor led the index with gains of +6.8%, +6.34%, and +6.2% respectively [2] - The S&P 500 index rose by 1%, with Apple nearing all-time highs at +4.45% [2] Company Updates - Cleveland-Cliffs announced a strategic shift towards rare-earth minerals, resulting in a stock increase of over 20% despite reporting a net loss of $234 million on $4.7 billion in revenue [18][19] - WeightWatchers partnered with Amazon to offer GLP-1 weight loss drugs, leading to a stock jump of over 7% at the open [20][21] - Apple reported that sales of the new iPhone 17 outperformed the previous generation by 14% in its first 10 days in the U.S. and China [9][10] Economic Context - The Russell 2000 index rose by 1.83%, recovering from previous losses related to private credit concerns [5][8] - The ongoing government shutdown has delayed key economic data, including the Conference Board Leading Index [12][13] - Investors are awaiting the September Consumer Price Index (CPI) data, which is expected to show little change [28]