TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 OXY
Occidental Petroleum
-- 47.130 AMD
Advanced Micro Devices
-- 119.210 
Moovin Stonks | S&P 500 Hits All-Time High, Intel Pulls Dow Higher
Happy trading, it is Tuesday, September 17th. The market climbed, and the S&P 500 hit an all-time Tuesday just past 10:45 am ET, one day before the most exciting FOMC monetary policy meetings for years, with investor hype expecting at least the first 25 bp rate cut -0.25%.
My name is Kevin Travers; here are stories about the U.S. stock market today.
$Hewlett Packard Enterprise (HPE.US)$ rose 6%, the highest on the S&P 500 after Bank of America Anlysts upgraded shares to a Buy, mentioning cost cuts and the acquisition of $Juniper Networks (JNPR.US)$. HPE said it would by the networking company for $14 in January and announced the sale of 27M Series C shares to finance the deal with $1.32B cash last week. Jim Cramer also mentioned HPE as a buy Monday night on CNBC.
$Virgin Galactic (SPCE.US)$ fell 7% Tuesday after Morgan Stanley analysts slashed their price target from $35 to $5 in a note that said the firm's last near space flight was in June. A Seeking Alpha analyst Jason Ditz issued a sell rating in August, saying there is no indication management will improve the firm's business model.
$Intel (INTC.US)$ climbed 7% Tuesday, the highest on the Dow after CEO Pat Gelsinger said Monday the firm bagged a multi-year, multi-billion-dollar U.S. chipmaking deal with $Amazon (AMZN.US)$ alongisde the award of a $3 billion CHIPS and Science Act grant. The grant is supported by the Department of Defence for protecting domestic production. Intel also proposed selling its semiconductor foundry business for cash.
$Amazon (AMZN.US)$ also climbed on Tuesday in part after the firm announced that employees would return to the office five days a week. Intel is also exploring the foundry business spinoff into a publicly traded company, CNBC cited a familiar source.
$Crude Oil Futures(FEB5) (CLmain.US)$ climbed 94 bps, $Bitcoin (BTC.CC)$ rose over $60k, gold fell but silver climbed abovoe $30. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
Just past 11:13 am ET the $S&P 500 Index (.SPX.US)$ climbed 49 bps, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.34%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.81%.
In macro, investors are looking toward the Wednesday FOMC Monetary Policy meeting, where the Treasury Futures market expects rate cuts, according to the CME FedWatch tool.
On Monday, Former President of the New York Federal Reserve Bill Dudley wrote in Bloomberg Opinion that the FED should go for larger cuts on Wednesday.
"As I noted last Friday at a Bretton Woods Committee conference in Singapore, the logic supporting a 50-basis-point cut is compelling," he wrote. He said inflation is lower, and jobs are still secure, "Yet short-term interest rates remain far above neutral. This disparity needs to be corrected as quickly as possible."
Tuesday, U.S. August retail numbers came out from the Census Beuro and showed the total value of retail sales increased 0.1% month over month, and 'core' sales excluding food services, auto, building materials, and gasoline. Mark Strieber from FHN Financial said some categories fell from price declines- but the figures indicate household demand is still resilient.
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.
Yesterday, users talked about rate cuts and how they might affect or not affect their investments.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. 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 having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post 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
7132Followers
641Following
19KVisitors
Follow
74423696 : Amazing . Fantastic, I love love love it’s I am very happy about this project.
54088 FROM RWS : wow
Troxell5 : all lives matter
Kevin Travers OP calm Flamingo_6328 : What is bad about my speech![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Moomoo Recap US Phuk Yu : disgusting
Lee Kuan Sieong : g
EZ_money : we all bleed the same color! unless you're one of those reptilian elites
江畔何人初见月 calm Flamingo_6328 : Did he say anything about black people?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
calm Flamingo_6328 江畔何人初见月 : The entire article does not mention the issue of black human rights
Phuk Yu Moomoo Recap US : what is disgusting is your rascist hatred towards whites.
white pride is a truth you cannot hide.
if other races can be proud, so can i.
if other races want to only care about their tribe, i do as well.
it is only hatred against whites that make you so predictable