POPPI. DANI: IT DOESN'T HAVE SUGAR. LORD KNOWS WHAT ELSE IS IN IT.MATT: EXPECTATIONS, NUVEEN'S SAIRA MALIK SAYS COMPANIES ARE LIKELY TO BEAT E. P. S.IN THE PRESENCE AGGREGATE DRIVEN BY TECH. I THINK WE'RE LOOKING FOR, SAIRA, ABOUT 7%, 8% IN THE THIRD QUARTER. WE'VE HAD DOUBLE-DIGIT EARNINGS GROWTH IN THE PREVIOUS COUPLE OF QUARTERS.DO YOU THINK WE'RE GOING TO GET THAT HIGH. I THINK THAT WE LIKELY WILL END THIS QUARTER WITH BEATING OUR SEASONS AGAIN. WHAT IS INTERESTING IS NORMALLY WHEN YOU GO INTO AN EARNIN ...

Market Overview - US stocks experienced a retreat as investors reassessed optimism surrounding AI and interest-rate cuts amid a government shutdown [1][2] - The S&P 500 index declined approximately 0.3% following a record close, while the Nasdaq Composite saw a smaller decrease of about 0.1%, supported by Nvidia's record performance [1] - The Dow Jones Industrial Average fell by 0.6%, and gold prices retreated below $4,000 per troy ounce due to profit-taking [2] Earnings Season - PepsiCo reported quarterly profit and revenue that exceeded expectations, marking the beginning of the third-quarter earnings season [3] - Delta Air Lines also surpassed earnings expectations, contributing to a positive trend among airline stocks [3] - The upcoming week is significant as major US banks are set to release their third-quarter earnings reports, which will provide insights into the economy's health and the potential for an AI-driven market boom [2][3]

Market Overview - U.S. equity markets are experiencing a slight pullback after a week of record gains, with major indices consolidating amidst optimism around AI and macroeconomic uncertainties, particularly the government shutdown [1][2][11] - The S&P 500 is down approximately 0.3% from its record close of 6,753.72, while the Nasdaq Composite also fell around 0.3% after reaching 23,043.38 [2] Sector Performance - Year-to-date, the S&P 500 has gained 14.8%, with technology leading the way, alongside Basic Materials and Communication Services, which have seen gains of 28.90% and 24.18% respectively [3] - Energy and financial stocks are stable, benefiting from stable oil prices and favorable interest rate prospects, although there are concerns about market overheating, particularly regarding the "Magnificent Seven" megacaps [3] Upcoming Economic Events - The U.S. government shutdown is ongoing, limiting key economic data releases, which has heightened investor focus on other market drivers [4] - The Federal Reserve is a focal point, with a high probability (around 95%) of an October rate cut anticipated, as revealed in the minutes from the September meeting [5] Earnings Season - The third-quarter earnings season has begun, with Delta Air Lines reporting record revenue and a positive outlook, leading to a stock surge of over 4% [6] - PepsiCo's stock rose by 3.5% after exceeding Q3 estimates and announcing a CFO change, while major banks are expected to report a 7.9% year-over-year earnings growth rate for the S&P 500 [6] Notable Stock Movements - Nvidia reached an all-time intraday high of $195.30, climbing nearly 3% after a price target increase by an analyst, driven by increased demand for computing [7] - Advanced Micro Devices rose over 11% following a significant deal with OpenAI, while Cisco unveiled a new product aimed at AI data centers [7][8] Commodities Market - Gold futures pulled back about 1% but remain above $4,000 per ounce, with a year-to-date increase of over 50% [10] - Silver hit $50 for the first time since 1980, marking a 60% year-to-date gain, while crude oil prices retreated slightly to $61.35 per barrel [10]

Market Overview - U.S. markets are experiencing declines, with all four major indexes at session lows: Russell 2000 (-0.71%), Dow (-0.58%), Nasdaq (-0.52%), and S&P 500 (-0.50%) [2] - Nvidia stands out as the only stock showing positive movement, heading towards a record close [2] Winners - Tilray Brands reported earnings and saw a significant increase of 20.3% [3] - Akero Therapeutics is up 16.5% following a $5.2 billion acquisition deal with Novo Nordisk [3] - UiPath PATH gained 14.6% after announcing a partnership with OpenAI for enterprise automation [3] Losers - Diginex faced a steep decline of 19% without any major news [4] - Ferrari is down 14.5% after announcing its first electric vehicle model and raising guidance, which did not meet investor expectations [4] - Oddity saw a decline of 9.8% after BofA Securities downgraded its price target from $80 to $70 [5] Industry News - Google reported that a zero-day exploit targeting Oracle's E-Business Suite may affect numerous organizations, with potential data breaches [5]

The Dow was down 265 points, or 0.6%, after opening higher. The S&P 500 was down 0.5%. The Nasdaq Composite was down 0.5%. Very little was working on Wall Street. Treasury bond prices were also falling, while only 114 stocks in the S&P 500 were trading higher. The top S&P winners included firms that reported quarterly results, such as Pepsi and Delta Air Lines. The stock market stumbled at the open. Now it's starting to slide. ...

Market Overview - U.S. stocks are experiencing a pullback after reaching record highs, with the S&P 500 down 0.2% and the Dow Jones Industrial Average down 145 points or 0.3% [1][2] - Gold prices have also declined following a strong rally this year, while Treasury yields remain steady [2] Stock Performance - The S&P 500 has surged approximately 35% since April, raising concerns about overvaluation, particularly in AI-related stocks [3] - Tesla's stock fell 2% due to a preliminary evaluation of its "Full Self-Driving" system by the National Highway Traffic Safety Administration [4] - Delta Air Lines saw a 4.9% increase in stock price after reporting stronger-than-expected summer profits and a positive full-year profit forecast [4][5] - PepsiCo's stock rose 2.1% after exceeding profit expectations, indicating improved momentum in its North American drinks business [7] - Akero Therapeutics jumped 16.7% following an acquisition announcement by Novo Nordisk, potentially valued at $5.2 billion [8] - MP Materials increased by 7.1% after China announced export curbs on rare earth materials [8] - Costco Wholesale's stock climbed 2.4% after reporting an 8% revenue increase in September compared to the previous year [9] Economic Indicators - Company reports are gaining significance as the U.S. government shutdown delays key economic data, including unemployment claims [6] - The yield on the 10-year Treasury remains at 4.13%, indicating stability in the bond market [11] International Markets - European stock indexes showed mixed results, with Italy's Ferrari dropping 14.1% after disappointing financial forecasts [9] - Japan's Nikkei 225 rose 1.8%, with SoftBank Group surging 11.4% following a $5.4 billion acquisition deal [10]

U.S. stock markets are navigating a mixed but generally resilient midday trading session on Thursday, October 9, 2025, with major indexes hovering near all-time highs established in the previous session. While early trading saw futures largely unchanged, a "buy the dip" sentiment appears to be underpinning market momentum, particularly in the technology and airline sectors. Investors are closely monitoring a flurry of corporate earnings reports, ongoing geopolitical developments, and the lingering impact of ...

Core Insights - There is a growing demand for protein among American consumers, leading to significant changes in product formulations by major food manufacturers [1] Company Developments - Large food manufacturers, such as PepsiCo, are responding to the protein trend by developing new formulas that prominently feature protein [1]

Market Overview - US stock futures showed little change, with the S&P 500 and NASDAQ closing at record highs after a brief pullback [1][2] - Gold prices are hovering near all-time highs, driven by market optimism and the Federal Reserve's potential rate cuts [2][38] Federal Reserve Insights - Minutes from the Federal Reserve's September meeting indicate a willingness to lower rates further this year, although some members expressed caution due to inflation concerns [2][30] - Fed Chair Jay Powell is expected to discuss community banking risks and innovations, without addressing monetary policy directly [26][28] Delta Airlines - Delta reported third-quarter adjusted revenue of $15.2 billion, a 4.1% increase year-over-year, with adjusted EPS at $1.71, exceeding expectations [7][8] - The airline's CEO expressed optimism for the fourth quarter, anticipating strong growth and profitability, despite potential concerns from a government shutdown affecting air traffic controllers [9][10] PepsiCo - PepsiCo's quarterly earnings and revenue surpassed analyst expectations, with a notable 2% growth in its beverage business, while the snacking sector saw a 3% decline [5][16] - The company is under pressure from activist investor Elliot Management, which holds a $4 billion stake and is pushing for a review of its snack portfolio [4][19] Semiconductor Industry - TSMC reported a 30% increase in third-quarter sales, driven by AI-related demand, contributing to a 30% rise in its share price this year [35] - Intel is introducing new products as part of its turnaround strategy, with its Panther Lake processor designs entering full production [33][34] AI Market Sentiment - Investors remain optimistic about the AI trade, with Goldman Sachs noting that concerns about an AI bubble do not indicate imminent danger for the market [22][24] - The ongoing momentum in AI investments continues to overshadow concerns related to the government shutdown and economic data [25][22]

Market Overview - The S&P 500 increased by 0.1%, marking eight gains in the past nine sessions, while the Dow Jones Industrial Average rose by 21 points, or less than 0.1%, and the Nasdaq composite remained virtually flat [4][6] - Gold prices climbed by 0.1% following a strong rally this year, and Treasury yields remained steady amid expectations of Federal Reserve interest rate cuts to support economic growth [4][6] Airline Industry - Delta Air Lines surged by 6.4% after reporting stronger-than-expected summer profits and projecting full-year earnings above forecasts, with broad-based sales acceleration noted, particularly in domestic business travel [4][6] - Other airline stocks also benefited, with American Airlines gaining 3.3%, United Airlines rising by 5.3%, and Southwest Airlines adding 3.3% [4][6] Corporate Earnings - PepsiCo's stock rose by 1.3% after reporting better-than-expected quarterly profits, driven by improved momentum in its North American drinks business [5][6] - Tesla's stock fell by 1.1% following a preliminary evaluation by the National Highway Traffic Safety Administration regarding safety concerns over its full self-driving system [5][6] - Akero Therapeutics jumped by 16.8% after news of a potential acquisition by Novo Nordisk for up to $5.2 billion, contingent on federal approval of its lead product candidate [5][6] - MP Materials climbed by 5.2% after China announced export curbs on rare earths, which are essential for electronics and aerospace components [5][6] Global Market Trends - Global markets showed mixed results, with Shanghai's index rising by 1.3% and Japan's Nikkei 225 gaining 1.8%, led by SoftBank Group, which surged by 11.4% after announcing a $5.4 billion deal to acquire the robotics unit of Swiss engineering firm ABB [5][6] - In the US bond market, the 10-year Treasury yield edged up to 4.14% from 4.13% [5][6]