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Will Nvidia dethrone Apple as world's most valuable company?
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Nvidia All-Time High Right Before the Bell on Record Day | Wall Street Today

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Kevin Travers joined discussion · Oct 14 15:15
Nvidia All-Time High Right Before the Bell on Record Day | Wall Street Today
The market ratcheted higher Monday, leading to all-time highs and closing highs for two indexes. Despite Hong Kong stock pullbacks, $NVIDIA (NVDA.US)$ climbed to a record closing high, and record price right before the bell.
The market continued flat Monday morning, but outsized index climbers pushed the S&P 500 and Dow toward new record high closes.
Just after the close, the $S&P 500 Index (.SPX.US)$ climbed 77 bps to a high and closing high, the $Dow Jones Industrial Average (.DJI.US)$ climbed 47 bps to a closing high, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.87%.
MACRO
Monday, Fed Gov. Chris Waller said the economy is much stronger than previously thought, and the labor market remains quite healthy, speaking at Stanford University in California.
Waller noted that the Fed and Wall Street had been fooled by reports over the summer that indicated the economy was slowing, according to MarketWatch.
"To remind you of how bad the markets viewed the July data, some Fed watchers were calling for an emergency [Fed] meeting to discuss a rate cut," Waller said.
SECTORS
Nvidia All-Time High Right Before the Bell on Record Day | Wall Street Today
The highest-reaching industry tracked by moomoo was Semiconductors, led by the weight of and $NVIDIA (NVDA.US)$ hitting an all-time high.
$Crude Oil Futures(JAN5) (CLmain.US)$ fell back 2% with no fresh violence to compel feelings of war.
MOOVERS
There is slim pickings for macroeconomic data this week, and instead, investors are watching for major Q3 reports from $Netflix (NFLX.US)$, $ASML Holding (ASML.US)$, and semiconductor giant $Taiwan Semiconductor (TSM.US)$ Thursday. Investment Banks like $Bank of America (BAC.US)$, $Citigroup (C.US)$, $Goldman Sachs (GS.US)$ are coming Tuesday.
Pharma giants $UnitedHealth (UNH.US)$ and $Johnson & Johnson (JNJ.CA)$ are also expected on Tuesday.
$Upstart (UPST.US)$ shares gained 14% Monday after Wedbush Securities upgraded the fintech to Neutral from Underperform alongside $Affirm Holdings (AFRM.US)$. An analyst believes that buy-now, pay-later companies will do well in a lower-rate cut environment.
$Caterpillar (CAT.US)$ was pulling -2% at the downside of the Dow, the lowest-reaching stock on the index after a downgrade from Morgan Stanely, warning that revenue increases would not be enough to make up for lower demand at dealers-- but mostly because expected earnings this quarter would be a record $22/share, from a firm that was delivering $11/share to stock holders just five years ago.
Danish drugmaker H. Lundbeck has struck a deal to buy a clinical-stage biopharmaceutical company $Longboard Pharmaceuticals (LBPH.US)$ for about $2.6 billion, at $60/share, sending tyhe stock flying 51% higher from $38/share. It was the highest-reaching stock on the $Russell 2000 Index (.RUT.US)$
$Coinbase (COIN.US)$ climbed 10% on Monday, while $Bitcoin (BTC.CC)$ climbed 5%. The stock has followed Bitcoin movements in a more volatile way- down about 35% from its year-high price set in March. Bitcoin is down about 10% from a price record set around the same time.
$Hims & Hers Health (HIMS.US)$ climbed Monday after the U.S. Food and Drug Administration said it would reconsider a Friday choice to block the brand from selling alternative weightloss drugs.
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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
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