Moovin Stonks | Market Breaks Records, Mag 7 Adds $400B Thursday

Good morning, traders. Happy Thursday, September 19th. The market climbed after the FOMC announced the first rate cuts in four years Wednesday. The S&P 500 and Dow were trading in record territory. Most equities were on the rise Thursday in a sea of green.

$NVIDIA (NVDA.US)$, $Tesla (TSLA.US)$, and $Bitcoin (BTC.CC)$ climbed 4-5% Thursday morning after the rate cut news. The magnificent 7, the top seven growing equities this year that faced a major pullback in the past quarter, were adding $400B in collective market cap Thursday, according to Benzinga.

Olive Garden owner $Darden Restaurants (DRI.US)$ struck a delivery deal with Uber Technologies, hoping it will be enough to make up for the decline in same-store sales and consumer demand it reported Thursday morning. Shares climbed 7%, the highest on the S&P 500, though the firm missed adjusted earnings estimates and showed a 1.1% drop in same-store sales. It said its fiscal year was still on track and that July and August were slow for restaurants.

$Airbnb (ABNB.US)$ climbed 7%, swapping out with Darden every few minutes for the top slot after the firm received analysts' updates. Evercore analysts raised their price target on the stock.

$Crude Oil Futures(NOV4) (CLmain.US)$ climbed above $70 again, bitcoin was above $63k. Gold and silver climbed, while   $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell while the       $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.

Just past 10:41 am ET the       $S&P 500 Index (.SPX.US)$ traded 1.72%, the         $Dow Jones Industrial Average (.DJI.US)$ climbed 1.18%, and the       $Nasdaq Composite Index (.IXIC.US)$ climbed 2.68%.

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