๐ Stocks clawed back Wednesday's Fed-driven losses as yields and oil both retreated. The Nasdaq jumped 1.69%, the S&P 500 rose 1.14%, the Dow added 0.61% and Canada's S&P/TSX Composite climbed 1.08%. Tech led, with Nvidia and Amazon each up more than 2% and Intel gaining 7%. โก Generac ($GNRC) soared 33% in premarket trade on a deal to supply Amazon with backup generators for its data centers. Initial deliveries total $2.4 billion between 2027 and 2028, and Generac granted Amazon the right to buy up to $340 million of its stock. ๐ Fluence Energy ($FLNC ) tumbled 22% premarket after slashing full year guidance. The battery storage maker now sees $2.4 billion in 2026 revenue against a prior $2.9 billion to $3.1 billion, and a $200 million EBITDA loss versus earlier guidance ranging from a $30 million loss to $10 million positive. ๐ Lennar ($LEN) slipped 1.2% on a third quarter miss. Earnings of $1.19 per share came in under the $1.28 FactSet consensus and nearly half of last year's level, with revenue of $8.05 billion against $8.23 billion expected. โฑ๏ธ SiTime ($SITM) rallied almost 10% after Morgan Stanley started coverage at overweight with a $730 target, implying 33% upside from Wednesday's close. ๐ข๏ธ The 10-year Treasury yield dropped more than 7 basis points to 4.93%, back below the 5% line it crossed after the Fed hike. WTI closed down 0.51% at $101.91 and Brent slid 0.95% to $104.82 as Saudi Arabia freed up more cargoes for Asian refiners. The Bank of England held at 3.75% in a 6-3 vote but flagged a hike as increasingly likely. ๐จ๐ปโ๐ป Researched and written daily by @tim_emino
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