S&P 500 just barely notches third-consecutive all-time high in record day for call volumes |
The S&P 500 just barely cinched a third-consecutive all-time highest close on little data as the jobs report is delayed due to the government shutdown. The Russell 2000 also rallied to a new all-time high, but tech dragged the Nasdaq-100 lower. Call volumes for US equity and index options exceeded 52.4 million as of 4 p.m. ET, setting a new daily record. |
Along with tech, the other sector ETFs to trade lower were consumer discretionary and communications. Stocks that moved higher: |
- Roblox fell as traders upped bearish options market bets following an M Science report from analyst Corey Barrett that asserts that US bookings growth has “decelerated sharply” recently, slowing to the low 30% range down from the mid- to high 50% range in July.
- GameStop traded lower after filing paperwork that lays the foundation for the video game and collectibles retailer to raise money “from time to time” through the sale of stock, debt, and related securities, which would allow for potential shareholder dilution.
- Hims & Hers slipped after Novo Nordisk’s US head David Moore told Bloomberg that the company plans to sell its upcoming weight loss pill through its current telehealth partners.
- Applied Materials dipped after the semiconductor machinery maker said revenues could take a $600 million hit in the next fiscal year, on the back of widening chip export restrictions.
- Although Tesla delivered a massive delivery beat yesterday, JPMorgan analyst Ryan Brinkman wants to remind investors to put that beat into context, noting that it’s “too soon to declare Tesla as having sustainably returned to growth in its core business.”
- According to an Army memo cited by Reuters, the Army’s next-gen battlefield communications network built by Anduril Industries, Palantir, and others, has security problems and should be considered “very high risk,” though Palantir disputes these claims.
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