📊 A soft jobs report lifted stocks on hopes the Fed holds in October. The Nasdaq jumped 1.19%, the S&P 500 rose 0.49% and the Dow added 0.49%. Payrolls grew just 29,000 in September against an 84,000 consensus, with unemployment ticking up to 4.2%. 👟 Nike ($NKE) fell 6% at the open after a mixed fiscal first quarter showed its turnaround running long. Sales dropped 4% on China weakness, and management guided fiscal 2027 revenue down high single digits while targeting $2.5 billion in cost savings by 2031. The stock is off 46% this year. 🤖 Nvidia ($NVDA) rose more than 3% to an intraday record of $237.88, its first all-time high since May. Morgan Stanley named it the top semiconductor pick with a $300 target, arguing the faster-growing half of the business sits outside the hyperscalers. 🚗 Tesla ($TSLA) rose in morning trade after third quarter deliveries of 486,532 beat the 461,100 expected. That is up from 480,126 in the second quarter but below the 497,099 delivered a year ago. 💽 Seagate ($STX) slipped over 10% and Western Digital ($WDC) fell 8% after a Nikkei report that Toshiba will invest $380 million to double hard disk drive capacity in the Philippines. The three are the top competitors in that market. 🛢️ Oil slid on reports EU member states are weighing a French proposal to release diesel reserves under pressure from the Trump administration. Brent fell 2.5% to $99.78 and WTI dropped nearly 3.8% to $89.40. October hold odds climbed to 86% from roughly 76% a day earlier. 👨🏻💻 Researched and written daily by @timemino
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7 Comments
Russell Sparks@rustie · 19d
So, Trump has expelled many so called “illegal immigrants” and unemployment is going up!? So the “illegals” were creating jobs then?
Jay @motivated_jay · 20d
Nike finished the day up from where it started at the opening bell. Made some money today. LFG!
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