INDYNEWS
- Nike's revenue miss draws a price-target cut, testing CEO Hill's turnaround
Piper Sandler lowered its target on Nike after a revenue shortfall, adding pressure to a recovery plan already under scrutiny.
- Soft September jobs report sends stocks higher, Treasury yields lower
Traders priced in fewer Fed rate hikes after hiring cooled more than expected, pulling yields down and lifting Wall Street at the open.
- Datacenter Trade Spreads Beyond Chips as Analysts Rerate Legrand, Micron
Evercore's upgrade of electrical-equipment maker Legrand and a Micron price-target hike show the AI buildout trade broadening into memory and power infrastructure.
- US Pushes Europe to Tap Diesel Reserves, Threatens Export Curbs
Washington's pressure campaign could force European governments to release strategic fuel stocks just as a Hormuz tanker incident stokes supply worries.
- B.Riley Downgrades AST SpaceMobile on Pricing Concerns
The downgrade follows a string of analyst moves across small- and mid-cap names this week, with pricing cited as the specific issue for the satellite communications company.
- Legrand Raises Guidance as Data Center Demand Accelerates
Evercore ISI upgraded the French electrical equipment maker the same day it lifted its outlook, citing traction in data center infrastructure.
- French Bond Yields Hit 2002 Highs as European Fiscal Worries Deepen
A fifth straight weekly rise in French yields has dragged European shares toward their worst week since April, even as German Bunds hit one-week lows.
- Broadcom lines up $60 billion to build chips for Anthropic
The chipmaker is raising capital to fund a custom AI chip program for the OpenAI rival, Bloomberg reported.
- Treasury yields hit highest level since 2002 before bond market steadies
A week of heavy selling pushed 10-year US yields to a 24-year high, and prices stabilized only after the sharp move.
- SoftBank shares fall after it completes $30 billion OpenAI investment
The Japanese investor finished the final tranche of its OpenAI stake, but investors sold the stock rather than cheered the milestone.
- Yen Strengthens on Inflation Data as Asian Markets Split Ahead of US Jobs Report
Hong Kong shares fell 3% while the yen firmed, as investors positioned unevenly across the region before the US payrolls release.
- Nike Analyst Cuts Rating, Says Losses Deeper Than Expected Despite Strategy Reset
A Seeking Alpha downgrade lands the same week Nike reported fiscal first-quarter results, arguing turnaround costs are outpacing the benefits so far.
- Moderna Set to Join Nasdaq-100, Replacing Warner Bros. Discovery
The index swap takes effect October 9 and will force passive funds tracking the Nasdaq-100 to buy Moderna shares and sell Warner Bros. Discovery.
- Dollar Hits 17-Month High as Global Bond Selloff Batters Euro
A rout in global government bonds pushed the euro lower and sent the U.S. dollar to its strongest level in 17 months.
- Dallas Fed's Logan Calls For Rate Hikes, Not Cuts, Citing Sticky Inflation
Logan said the Fed needs to raise rates by '50 basis points or more' to tame inflation that remains stubbornly high.
- ChronoScale Shares Jump on New AI Deals, $1 Billion Revenue Goal
The company says newly signed contracts put it on a path to $1 billion in annual revenue, though the timeline for reaching that target wasn't specified.
- RTX Wins $24.4 Billion Navy Deal for SM-6 Interceptors
The contract, among the largest in the missile's history, comes as the Pentagon races to rebuild depleted munitions stockpiles.
- S&P 500 Stalls Near 7,728 as Copper Fails to Shake Off Bearish Grip
Copper's bounce to $6.578 a pound hasn't been enough to flip the metal's broader downtrend, mirroring hesitation in equities.
- Short Seller Expands AMD Bet Even as Stock Sits at Record High
A Seeking Alpha contributor said they are adding to a short position in AMD despite the shares trading at all-time highs.
- Fed Officials Split on Need for More Rate Hikes This Month
Kashkari said more increases are likely needed but was unsure about October, while Jefferson said there is no urgency to act again soon.
- Accenture Price Targets Jump to $250 After Strong AI Bookings
Susquehanna and Evercore ISI both raised targets following Accenture's fiscal fourth-quarter report, pointing to accelerating AI-related bookings.
- Automakers Brace for Weak Third-Quarter US Sales Numbers
GM confirmed a sales decline for the quarter and Tesla's delivery report, due Friday, is widely expected to show a drop too.
- Ten-Plus Stocks Hit 52-Week Lows in a Single Session Across Unrelated Sectors
Real estate, solar, utilities, casinos, insurance, tires, meatpacking and agriculture all logged fresh lows the same day.
- Micron Beats on Earnings, But Memory Shortage Story Isn't Moving the Stock
Analysts say the chipmaker's favorable outlook was already priced in before Thursday's print.
- Crypto Hacks Drained $1.26 Billion Even as Bitcoin Had Its Best Quarter Since 2024
Security losses mounted in the same quarter bitcoin logged its strongest performance in roughly two years, underscoring a split between price gains and platform risk.
- Treasuries Post Worst Quarterly Loss Since 1994
Rising yields have inflicted the bond market's steepest quarterly drawdown in more than three decades, even as rates dipped ahead of Friday's jobs report.
- Citigroup Lifts Bitcoin Target to $113,000 as ETF Inflows Return
The bank also raised its ether target to $3,028 from $2,240, citing renewed inflows into crypto exchange-traded funds.
- Morgan Stanley Splits Homebuilders Into Winners and Losers With Five New Ratings
The bank initiated coverage on five major homebuilders in a single day, backing Toll Brothers and PulteGroup while flagging margin and supply risks at Lennar and NVR.
- Treasury Sell-Off Pushes 10-Year Yield to Highest Since 2002, Dow Futures Slide
A broad bond rout sent Dow futures to a three-month low even as Micron's earnings offered some support to tech names.
- UK 30-year gilt yields hit highest since 1998 as European stocks open Q4 lower
Rising borrowing costs across Europe coincided with a looming French budget vote, pressuring the FTSE 100 and broader European equities.