Today At A Glance:
Wall Street shook off early swings to finish mostly higher as solid bank earnings and a chip-stock rally steadied sentiment. The S&P 500 rose about 0.4% and the Nasdaq gained 0.66%, while the Dow slipped 0.04% after a late fade. Strength in Morgan Stanley and Bank of America offset pressure from select healthcare and insurers after mixed results. A bullish report from ASML lifted US semis (AMD, Nvidia, Micron), helping tech lead the rebound. Macro nerves lingered around US-China trade sparring, but Fed talk of potential rate cuts and the Beige Book’s mixed tone kept hopes of an orderly glide path alive.
Today’s Index Performance:
- Dow Jones Industrial Average — The Dow opened today at 46,375.20 and closed today at 46,253.31, with the percentage change of −0.04%.
- S&P 500 — The S&P 500 opened today at 6,692.29 and closed today at 6,671.06, with the percentage change of +0.40%.
- Nasdaq Composite — The Nasdaq opened today at 22,738.50 and closed today at 22,670.08, with the percentage change of +0.66%.
Gainers Of Note:
- Bunge (NYSE: BG) – Global agribusiness and trading; jumped ~13% after updates tied to its Viterra merger and outlook reset were received better than feared.
- Advanced Micro Devices (NASDAQ: AMD) – Semiconductor/AI chips; rallied ~9% in sympathy with strong ASML orders and renewed AI demand optimism.
- Morgan Stanley (NYSE: MS) – Global investment bank; rose ~4.7% to a record high on a Q3 profit beat driven by dealmaking strength
Losers Of Note:
- Progressive (NYSE: PGR) – Auto & home insurer; fell ~5.8% after reporting Q3 results that disappointed investors.
- PNC Financial (NYSE: PNC) – Regional bank; slid ~3.9% on a cautious outlook despite broader strength in money-center peers.
- Abbott Laboratories (NYSE: ABT) – Medical devices & diagnostics; down ~2.4% after a revenue miss weighed on sentiment.
Active Traders Of Note:
- United Airlines (NASDAQ: UAL) – Major US airline; heavy volume after forecasting its highest-ever quarterly revenue, signaling resilient travel demand.
- DuPont (NYSE: DD) – Specialty materials; active on headlines that its board approved the Qnity spinoff, prompting portfolio-restructuring trades.
- Microsoft (NASDAQ: MSFT) – Software & cloud; elevated activity amid reports of a consortium (with BlackRock and Nvidia) pursuing a large data-center acquisition, keeping AI infrastructure in focus.
Looking Forward:
Earnings are taking the wheel: if banks’ upbeat read-through on consumers and dealmaking persists, cyclicals could keep a bid even as mega-cap tech sets the tone. Any escalation in US-China trade rhetoric or guidance hiccups could quickly revive volatility, particularly in semis and exporters. Watch tomorrow’s prints and management commentary for margin color and AI-spend cadence as key swing factors into the next session.
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