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Will Nvidia dethrone Apple as world's most valuable company?
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Nvidia and Apple Pull Nasdaq Higher with Records, Market Falls | Wall Street Today

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Kevin Travers joined discussion · Oct 21 15:18
Nvidia and Apple Pull Nasdaq Higher with Records, Market Falls | Wall Street Today
The market fell Monday, but $NVIDIA (NVDA.US)$ and $Apple (AAPL.US)$ hit all-time highs. Investors will see some heavy hitter earnings this week, including Tesla on Wednesday, where investors will judge the EV firm's Q3 results.
Just after 4 pm, the $S&P 500 Index (.SPX.US)$ fell 18 basis points, the $Dow Inc (DOW.US)$ fell 0.80%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.27% on tech positivity.
MACRO
This week, we will see the release of S&P PMI and the Fed's Baige Book of Economic survey data from across the country, not much else. There will be numerous Fed speakers this week, and investors will attempt to glean any bit of future rate cut insight they can, check in to moomoo news for updates.
SECTORS
Within industries tracked by moomoo, biotechnology stocks were lower, led by a 15% drop in   $Neumora Therapeutics (NMRA.US)$, a clinical-stage pharma company trying to treat brain diseases.
Nvidia and Apple Pull Nasdaq Higher with Records, Market Falls | Wall Street Today
$Crude Oil Futures(JAN5) (CLmain.US)$ climbed 1%,  but hovered below $70/barrel after falling last week.
$Bitcoin (BTC.CC)$ stayed at $67k Gold and silver pulled back slightly from an all-time high.     $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the       $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
The market overall fell Monday by noon, when the     $S&P 500 Index (.SPX.US)$ traded down 40 basis points, the       $Dow Jones Industrial Average (.DJI.US)$ fell 0.68%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.15%.
MOOVERS
$Spirit Airlines (SAVE.US)$ jumped more than 50% at the open after the firm announced in its current report it would push back its refinancing plan for $1.1B it holds in dept to December and that it took out $300M from Visa and Mastercard in a revolving Credit Facility.
$Kenvue (KVUE.US)$, a consumer health, cold, and flu company, climbed 5%, the highest on the S&P 500 after a Wall Street Journal report that activist investor Starboard Value built a stake in the company and wants to implement changes to boost the share price.
$Boeing (BA.US)$ shares climbed 3% at open before pulling back, but they had the highest gains on the Dow Jones Industrial Average. The firm said over the weekend it met with labor leaders and came to a tentative deal to end a strike that halted production on September 13th. According to Barrons, the agreement includes base-wage increases of 35% over four years, along with other benefit enhancements, but the mechanism union will vote on the deal on Wednesday.
$NVIDIA (NVDA.US)$ shares hit new all-time highs intraday Monday as the stock continues to be a massive beneficiary of increasing AI demand. Here's what you need to know. Nvidia shares are up over 186% since the start of the year and have increased more than ninefold since the beginning of 2023, shortly after ChatGPT was launched.
$Oklo Inc (OKLO.US)$ rose nearly 20% intraday to a new all-time high Monday, while Nano Nuclear Energy gained almost 30% as some next-generation nuclear-power stocks extended a rally sparked by Amazon and Alphabet recently investing in the industry.
This week, investors are watching for earnings reports from   $Tesla (TSLA.US)$ on Wednesday, but also other +$1B and $100B market cap giants of the market like   $GE Aerospace (GE.US)$ on Tuesday,   $Coca-Cola (KO.US)$   $AT&T (T.US)$  and   $IBM Corp (IBM.US)$ Wednesday,   $S&P Global (SPGI.US)$,   $United Parcel Service (UPS.US)$ Thursday.
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Word from the herd: Mooers, what are you watching?
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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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