Today At A Glance:

U.S. stocks notched a third straight day of record closes as upbeat earnings (notably UPS and PayPal) offset pockets of weakness in travel and housing. The Nasdaq led on AI/semis strength and mega-cap momentum, while the S&P 500 and Dow also inched to fresh highs. M&A buzz in chips (Skyworks–Qorvo merger) added fuel to tech, even as homebuilders lagged following mixed results. Traders stayed focused on the Fed meeting and a heavy slate of mega-cap reports later this week. Gold eased again and breadth was mixed, but the tape’s tone stayed constructive into the close.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 47,752.35 and closed today at 47,706.37, with the percentage change of +0.3%.
• S&P 500 — The S&P 500 opened today at 6,897.74 and closed today at 6,890.89, with the percentage change of +0.2%.
• Nasdaq Composite — The Nasdaq opened today at 23,766.46 and closed today at 23,827.49, with the percentage change of +0.8%.

Gainers Of Note:

• United Parcel Service (NYSE: UPS) — Global package delivery; spiked ~9–10% after an optimistic Q4 revenue outlook and better-than-expected earnings signaled progress on its turnaround.
• PayPal (NASDAQ: PYPL) — Digital payments; rallied ~4%+ on strong results and capital-return moves, helping power broader fintech.
• Skyworks Solutions (NASDAQ: SWKS) — RF/analog chips; jumped alongside news it will merge with Qorvo in a ~$22B cash-and-stock deal to build a U.S. RF leader.

Losers Of Note:

• Royal Caribbean (NYSE: RCL) — Cruise lines; fell after missing revenue expectations in Q3, tempering an otherwise strong year for travel names.
• D.R. Horton (NYSE: DHI) — Homebuilder; slid on softer profit and guidance color that highlighted affordability headwinds and the need for continued incentives.
• Newmont (NYSE: NEM) — Gold miner; declined as bullion extended its pullback from recent highs, weighing on the precious-metals complex.

Active Traders Of Note:

• Microsoft (NASDAQ: MSFT) — Software/cloud; heavy volume as shares pushed above a $4T market cap ahead of this week’s results, keeping mega-cap leadership in focus.
• Nvidia (NASDAQ: NVDA) — AI semis; brisk trading with the stock hitting a new all-time high while investors positioned for Fed and Big Tech updates.
• Tesla (NASDAQ: TSLA) — EVs & AI; active as traders continued to recalibrate margin and FSD/AI expectations into macro and earnings catalysts.

Looking Forward:

With all three majors at records, the next leg likely hinges on mega-cap guidance (AI spend, margins, capex) and the Fed’s tone on cuts. Any surprise in policy or earnings could spark sharp rotations—particularly across chips, cloud, and rate-sensitive groups like housing. Watch for follow-through in logistics/fintech after today’s beats, and whether gold’s slide and yields’ drift lower continue to support risk appetite.

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