Streetbeat News

Stock Prices

QQQ

SOXX

SPY

TLT

UUP

The U.S. economy added 254,000 jobs in September, surpassing expectations and leading to a premarket rally on Wall Street. This strong labor data has caused traders to reconsider the Federal Reserve's potential rate cuts, resulting in a surge in the dollar and Treasury yields. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and iShares Semiconductor ETF (SOXX) saw significant gains, while the iShares 20+ Year Treasury Bond ETF (TLT) fell. The U.S. Dollar Index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), rose. Top gainers included KLA Corp., Mitsubishi UFJ Financial Group, and Applied Materials Inc.

Portfolio Pulse from Piero Cingari

October 04, 2024 | 1:28 pm

CIBR

CSCO

IYZ

NVDA

Cisco Systems, Inc. (NASDAQ:CSCO) shares are trading slightly higher following news of its investment in CoreWeave, a cloud-computing provider. This move aligns with the trend of tech companies investing in AI infrastructure. The deal allows Cisco shareholders to tender $400-$500 million of their holdings. CSCO stock has lost over 1% in the past year, but recent technical analysis suggests potential for a breakout.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 1:25 pm

BTCUSD

Bitcoin has rebounded above $61,500, with technical analyst DonAlt suggesting $80,000 is more likely than $40,000 for its next major move. Despite bearish short-term signals, the analyst remains cautiously optimistic, holding a position around $58,000.

Portfolio Pulse from Khyathi Dalal

October 04, 2024 | 1:24 pm

VSTS

Vestis shares declined after Elis ended discussions with the company, impacting investor sentiment negatively.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:24 pm

BABA

CLOV

LOT

LUNR

MADE

NVDA

PLTR

RIVN

TSLA

WAY

The top trending stocks on WallStreetBets as of October 4, 2024, include NVDA, WAY, TSLA, MADE, BABA, CLOV, RIVN, PLTR, LUNR, and LOT. This list is based on data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:22 pm

MDT

Medtronic has initiated a recall of its MiniMed insulin pumps due to battery life concerns, which could lead to serious health risks. The FDA has classified this as a class I recall, the most serious type. Medtronic advises users to monitor battery alerts closely and carry extra batteries.

Portfolio Pulse from Vandana Singh

October 04, 2024 | 1:21 pm

ULCC

Frontier Group Holdings shares are rising as Spirit Airlines considers bankruptcy, potentially reducing competition and increasing Frontier's passenger numbers.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:20 pm

META

Meta AI has introduced Meta Movie Gen, a generative AI tool for media creation, allowing users to create and edit videos, images, and audio using simple text inputs. This tool is part of Meta's ongoing efforts to enhance creativity through AI, building on previous models like Make-A-Scene and Llama Image. While not a replacement for artists, Movie Gen aims to democratize content creation.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:19 pm

ASPI

CURB

MNSO

MURA

TNDM

Top Wall Street analysts initiated coverage on several companies, including Tandem Diabetes Care, Mural Oncology, ASP Isotopes, Curbline Properties, and MINISO Group. The ratings and price targets varied, with some stocks experiencing price changes following the announcements.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 1:18 pm

VSTS

Elis has terminated discussions with Vestis and UniFirst regarding potential US market entry, citing financial discipline. Vestis shares moved lower following the announcement.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:17 pm