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NEWS
Small-Caps Retrace As Yields Rise

Crude oil jumping and 10-year yields popping to 2.5-month highs pressured the small-cap Russell 2000 as stock investors focused on the latest earnings results and announcements. Nvidia hit a new all-time high and is just a few percentage points from topping Apple as the largest stock in the world. Maybe this is the week. 👀

Today's issue covers  Nvidia notching new all-time highs, several noteworthy pops and drops, and quotes from day one of Stocktoberfest 2024. 📰

Here’s the S&P 500 heatmap. 1 of 11 sectors closed green, with technology (+0.47%) leading and real estate (-2.07%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $GNPX, $SNSE, $APVO, $VVI, $SAP 📉 $ULY, $HTZ, $EDIT, $ARQQ, $TXN*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Nvidia Notches A New All-Time High 🤩 

It was a relatively quiet day in the markets, but the move catching eyes is clearly Nvidia breaking out of its 4-month base to new all-time highs. The semiconductor stock continues to rise, even as investor sentiment remains mixed due to the latest earnings reports from its peers.

The stock is less than 2% from topping Apple as the world's largest company. And if this breakout holds, many expect that flip to happen this week. 📈

With most “Magnificent Seven” companies pushing their reports back to next week or beyond, Tesla is the main focus. It’ll report Wednesday after the bell, and with shares down 20% from their year-to-date highs, Stocktwits community sentiment is stuck in neutral. As a result, the world will be watching to see what happens and whether Tesla shares are worth holding into 2025.

We’ll have a full day of programming ahead of the earnings results. Add $TSLA to your Stocktwits watchlist to get a notification when the earnings call is live, and you can tune in to listen with the whole community on our app or website. 🚨

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