TSLA
Tesla
-- 462.280 NVDA
NVIDIA
-- 140.220 AMD
Advanced Micro Devices
-- 126.290 PLTR
Palantir
-- 82.380 RGTI
Rigetti Computing
-- 11.3500 
Market Climbs While Chinese Stocks Pause Growth | Wall Street Today
The market overall climbed Tuesday, and Chinese tech stocks and Oil futures fell. Overnight, a Chinese economic planning agency press conference disappointed investors who were hoping for further stimulus, according to Wall Street Journal. Oil and energy, meanwhile, declined without a clear, incoming response from Israel for Iranian missiles to drive up fuel consumption.
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded +0.97%, the $Dow Jones Industrial Average (.DJI.US)$ climbed just 0.30%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 1.45%.
MACRO
This week, investors are awaiting CPI inflation numbers on Thursday. In macro, the market was still digesting Friday's labor numbers, which came in hot- 254k vs. estimates of 147k. The market will also see the release of the FOMC meeting minutes after the rate cut decision.
CPI numbers will arrive Thursday, forecasted to be at 2.3% growth year over year in consumer prices, a three-year record low. Last month, consumer prices grew by just 2.5% year over year, the lowest rate since 2021
SECTORS
Within industries tracked by moomoo, meme stocks from Wall Street Bets were one of the highest-gaining groups of stocks. Most sectors on the S&P 500 were green.
$Bitcoin (BTC.CC)$ hovered at $62k. Gold fell, and Silver fell even more, down about 4%. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ both fell.
MOOVERS
$Marathon Petroleum (MPC.US)$ fell 7%, the lowest reaching stock on the S&P 500 following the drop in oil prices. The Ohio-based refinery and oil seller is one of many energy firms hit by the pullback.
$PDD Holdings (PDD.US)$ was the lowest decliner on the Nasdaq 100, falling 5% with the rest of the Chinese stock world. $Alibaba (BABA.US)$ fell 6%, $JD.com (JD.US)$ fell 7%, and $Bilibili (BILI.US)$ fell 12% as stocks opened for trading after the Chinese holiday.
$Palo Alto Networks (PANW.US)$ climbed 5%, the highest on the S&P 500 after Goldman Sachs analyst Gabriela Borges raised the firm's price target from $376 to $425 and maintained the firm with a buy.
$Trump Media & Technology (DJT.US)$ climbed about 18% after opponent Vice President Kamala Harris appeared on CBS 60 Minutes Tuesday night. Trump's campaign also received press over Elon Musk's speech at a Butler Pa Rally over the weekend.
$Affirm Holdings (AFRM.US)$ shares are trading higher Tuesday after BTIG analysts upgraded its stock rating from neutral to buy before the market open. In midday trading, the stock is up 5.83%, to $40.85.
$PepsiCo (PEP.US)$ reported a drop in sales Tuesday, but not enough to move the stock much. Investors are watching for $Delta Air Lines (DAL.US)$, and $JPMorgan (JPM.US)$ earnings this week, Tuesday, Thursday, and finally Friday, to start Q3 earnings properly.
Interested in Options? To see these stocks and more on the options page, click here. Want to learn more about options, check out moomoo education with this link. Click here to join our exclusive options chat with personal callouts from our resident expert, Invest with Sarge.
Word from the herd: Mooers, what are you watching?
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
7157Followers
641Following
19KVisitors
Follow
Malik ritduan : ok
104247826 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
章允量 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102181510 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
103677010 : noted
Stock_Drift : China’s playing ball. I agree just a pause in their stocks and another run.
