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The S&P 500 and the Dow Jones Industrial Average rose to fresh records Monday as investors awaited the next batch of key corporate earnings. The broad market index climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22. Both averages hit all-time highs and closed at records, with the Dow ending the session above the 43,000 mark for the first time. The early signs of a recovery in banking profits helped push the broader market to all-time highs at the end of last week. The S&P 500 closed above 5,800 for the first time on Friday, while the blue-chip Dow also reached an all-time high.

Persons: Goldman Sachs, Johnson, Morgan Stanley, Wells Fargo, Dow, Bernstein, ”, Baird, Ross Mayfield Organizations: Dow Jones, Dow, Nasdaq, UnitedHealth, Apple, Technology, Bank of America, Johnson, United Airlines, Walgreens Boots Alliance, Netflix, Procter, Gamble, JPMorgan Chase, Federal, Treasury, Columbus Day

☆ Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
▼ + stars: | 2024-10-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Warren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM , now owning 32% of the New York-based satellite radio company. Berkshire hiked its bet after billionaire John Malone's Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. Buffett's firm first bought Liberty Media's trackers in 2016 and started piling into SiriusXM's tracking stocks in the beginning of 2024 after the deal announcement in a likely merger arbitrage play. Meanwhile, the Liberty transaction, which reduced share count by 12%, could cause the company to pause stock buybacks until 2027, which will likely weigh on shares, the analyst said.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, John Malone's, Ted Weschler, Todd Combs, Sebastiano Petti Organizations: Berkshire Hathaway, Securities and Exchange Commission, Berkshire, John Malone's Liberty Media, Atlanta Braves, Liberty, JPMorgan Locations: Omaha , Nebraska, SiriusXM, York, The Omaha , Nebraska

☆ Stocks making the biggest moves midday: SoFi, Caterpillar, SiriusXM, Boeing and more
▼ + stars: | 2024-10-14 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: SoFi Technologies — Shares of the online personal finance company jumped 9.8% after SoFi announced a $2 billion agreement with Fortress Investment Group to grow its loan platform business. Crypto stocks — Stocks tied to cryptocurrencies surged as bitcoin gained more than 5% to top $66,000. Ibotta — Shares advanced 5.5% after Goldman Sachs upgraded Ibotta, a mobile platform that offers cash-back rewards, to buy from neutral. Flutter Entertainment — The online gambling stock rose 4% after Wells Fargo upgraded shares to overweight from equal weight, urging investors to buy the recent dip. Caterpillar — The industrial stock fell 1.7% after Morgan Stanley downgraded shares to underweight from equal weight.

Persons: SoFi, Warren Buffett's Berkshire Hathaway, Stocks, cryptocurrencies, bitcoin, AppLovin, Goldman Sachs, Goldman, Wells, Morgan Stanley, Eli Lilly's, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Fortress Investment Group, Sirius XM Holdings, Berkshire, Sirius, Mara Holdings, Boeing, Walmart, of America, Caterpillar, U.S . Food, Drug Administration Locations: U.S

☆ Pro-Palestine protestors cause disturbance outside the New York Stock Exchange
▼ + stars: | 2024-10-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

A pro-Palestinian protest erupted outside of the New York Stock Exchange on Monday. There was no disruption to trading and none of the protestors appeared to make it to the historic trading floor. NYSE security fences off a perimeter area outside of the exterior of the building on Broad street in lower Manhattan. According to video shared on social media, the group, called Jewish Voice for Peace, broke into that area and protestors were chaining themselves to the security fence and some exterior doors. The exchange has had heavy security in place since the 9/11 attacks on the World Trade Center buildings nearby.

Persons: —, Bob Pisani Organizations: New York Stock Exchange, Peace, NYSE, World Trade Center Locations: Manhattan, Israel, Gaza

☆ Warren Buffett's Bank of America position goes under wraps. Here's what could happen next
▼ + stars: | 2024-10-13 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway's Bank of America stake has finally been cut to below the key 10% threshold, keeping Warren Buffett's next potential moves under wraps for a few months. The first 700 million shares had a low cost basis of only about $7 per share, while the average cost of the next 300 million shares was in the $30s, Goldberg estimated. "When we sell something, very often it's going to be our entire stake," Buffett said in 2020 when he entirely dumped his holdings in airlines. Still, Buffett sounded negative towards banking following 2023's regional bank crisis that took down Silicon Valley Bank, Signature Bank and First Republic Bank. It's gotten changed by [the regional bank crisis].

Persons: Warren Buffett's, Brian Moynihan, Jason Goldberg, Buffett, Goldberg, It's, That's, digitalization, fintech, Goldman Sachs, Wells Organizations: Berkshire Hathaway's Bank of America, Bank of America, Barclays, Federal, Bank, Signature Bank, First Republic Bank, JPMorgan, U.S . Bancorp Locations: Berkshire, Charlotte, Wells Fargo, U.S

☆ Stock futures are flat in overnight trading with key corporate earnings on deck: Live updates
▼ + stars: | 2024-10-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stock futures were little changed in overnight trading Sunday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records. S&P 500 index futures were flat, while Nasdaq-100 futures dipped 0.1%. The S&P 500 closed above 5,800 for the first time, while the blue-chip Dow also reached an all-time high. The S&P 500 has gained nearly 22% this year, excluding reinvested dividends. Treasury yields have risen lately too, with the benchmark 10-year note yield, used to calculate everything from mortgages to auto loans, topping 4.1% last week.

Persons: Wells Fargo, Dow, Goldman Sachs, Johnson, Morgan Stanley, Adam Crisafulli Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Columbus, JPMorgan Chase, Bank of America, Johnson, United Airlines, Walgreens Boots Alliance, Netflix, Procter, Gamble, Federal, Vital, Treasury Locations: New York City

☆ Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more
▼ + stars: | 2024-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. However, the bank's revenue of $20.37 billion came in below the $20.42 billion expected, and Wells experienced an 11% decline in net interest income. Tesla , Uber — Tesla shares tumbled 6.4% after its event for the robotaxi, a self-driving cab concept, left investors feeling underwhelmed. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%.

Persons: Wells, JPMorgan Chase, Tesla, underwhelmed, Carlos Tavares, Flywire, Mobileye, Morgan Stanley, Kinder Morgan, Ferrari, Lisa Kailai Han, Jesse Pound, Michelle Fox, Yun Li, Sean Conlon Organizations: LSEG, JPMorgan, Revenue, Bank of America, BlackRock, Mizuho, Bank of Locations: San Francisco, Wells, Flywire, Atlassian, China

☆ Wells Fargo shares jump after earnings top Wall Street expectations
▼ + stars: | 2024-10-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. The better-than-expected earnings came even with a sizeable decline in net interest income, a key measure of what a bank makes on lending. "Our revenue sources are more diverse and fee-based revenue grew 16% during the first nine months of the year, largely offsetting net interest income headwinds." Wells saw net income fall to $5.11 billion, or $1.42 per share, in the third quarter, from $5.77 billion, or $1.48 per share, during the same quarter a year ago. The net income includes $447 million, or 10 cents a share, in losses on debt securities, the company said.

Persons: Wells, Charles Scharf Organizations: LSEG Locations: Wells Fargo, San Francisco

☆ Hedge funds do an about-face on the China trade, selling stocks in record numbers
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. The net selling was 1.4 times larger than the previous record, Goldman said. "As NDRC underwhelmed, hedge funds rapidly sold off Chinese equities," Goldman strategists said in a note to clients on Wednesday. "Hedge funds not only unwound their long positions but added shorts to their books as well, with long sells being double the amount of short sells." Hedge funds had only just piled into the developing market at a record pace one week before , as Beijing's rare stimulus blitz unleashed newfound optimism.

Persons: Goldman Sachs, Goldman, David Tepper, Mehran Nakhjavani Organizations: National Development, Appaloosa Management, CNBC, China's CSI, MRB Partners Locations: China

☆ Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. The move brings his holdings down to 775 million shares, or a stake of about 9.987%. Since the holding is now under the key 10% threshold, Berkshire is no longer required to report its related transactions in a timely manner. The next 13F filing in mid-November will only reveal Berkshire's equity holdings as of the end of September. Bank of America CEO Brian Moynihan previously said the market is absorbing the stock, aided by the bank's own repurchasing.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, Buffett, Omaha's, Brian Moynihan, Goldman Sachs, Wells, It's, digitalization, fintech Organizations: Berkshire, Bank of America, U.S . Securities, Exchange Commission, SEC, JPMorgan, U.S . Bancorp Locations: Omaha , Nebraska, Bank, Berkshire, Wells Fargo, U.S

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
▼ + stars: | 2024-10-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the company should see significant growth in earnings per share that can drive earnings upside and expand the margin. Reddit – The social forum stock gained close to 2% after Jefferies began coverage on the name with a buy rating. Helen of Troy – The housewares stock soared more than 19% after the company's second-quarter earnings beat Wall Street's expectations. Chewy – The pet product online retailer saw shares rising 3% after TD Cowen initiated coverage on the stock with a buy rating.

Persons: Jefferies, John Colantuoni, Rio, GitLab, Morgan Stanley, Helen of Troy –, Helen of Troy, FactSet, TD Cowen, Chewy, —, Alex Harring, Yun Li, Lisa Kailai Han, Jesse Pound Organizations: Cruise, Citi, Bayer – U.S, Washington Supreme, Sky Valley Education Center, Monsanto, Rio Tinto, Boeing –, Boeing, Department, Google Locations: Washington, Rio, U.S

☆ Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism
▼ + stars: | 2024-10-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio thinks it's still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. "There's something big going on that they had a debt crisis and they also had a capitalism crisis. The high-profile investor even said he is raising his usual allocation limit and is not hedging his big China bet. Dalio said he doesn't expected big rate cuts as the economy remains in solid shape. I think the economy by and large right now itself is in relatively good balance," he said.

Persons: Ray Dalio, Dalio, David Tepper Organizations: Bridgewater Associates, Greenwich Economic, CSI, Appaloosa Management, CNBC Locations: China, Beijing, Greenwich, Greenwich , Connecticut

☆ Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | Yun Li | ) www.nbcnews.com time to read: +1 min

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to move north of the Yucatan Peninsula on Monday and Tuesday before crossing the Gulf of Mexico to approach the west coast of Florida by Wednesday, according to the National Hurricane Center. Hurricane Milton comes on the heels of Hurricane Helene, which killed more than 220 people and wrought devastation across the Southeast, particularly in North Carolina. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%.

Persons: Hurricane Milton, Generac, Hurricane Helene, Chubb, Milton, Joshua Shanker Organizations: Generac Holdings, Hurricane, National Hurricane Center, North Carolina . Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance, Bank of America, Colorado State University, Research Locations: Hurricane, Yucatan, Mexico, Florida, Tampa, North Carolina, Fort Lauderdale , Florida

☆ Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
▼ + stars: | 2024-10-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.

Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, —, Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, —, Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel

☆ Goldman Sachs upgrades China stocks, sees as much as 18% upside from here
▼ + stars: | 2024-10-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The recent stimulus-triggered rally in Chinese stocks could have legs, said Goldman Sachs, whose strategists upgraded the regional equities and projected high double-digit returns. The Wall Street firm hiked its rating on Chinese stocks to overweight from equal weight and raised its 12-month price target on the MSCI China index to 84, implying an upside between 15% to 18%. The announcement prompted massive buying from hedge funds, who piled into beaten-down Chinese stocks like never before. the long-awaited "Beijing put" has been triggered," Goldman strategists said in a note to clients. The iShares MSCI China ETF climbed another 2.7% on Monday, jumping more than 30% from its mid-September low and pushing the fund's 2024 return to more than 40%.

Persons: Goldman Sachs, Goldman, bullish, —, Michael Bloom Locations: China, Beijing

☆ Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
▼ + stars: | 2024-10-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

NXP Semiconductor — Shares added 0.8% after UBS upgraded the chipmaker to buy from neutral. Amazon — Shares slumped nearly 2% after Wells Fargo downgraded the e-commerce company to equal weight from overweight, citing slowing growth and competition from Walmart. Pfizer — Activist investor Starboard Value took a roughly $1 billion stake , seeking a turnaround at the struggling company, sources told CNBC. American Express — The financial services stock fell more than 1% after JPMorgan downgraded shares to neutral from overweight. Ally Financial — The financial services stock added 1.4% on the back of a JPMorgan upgrade to overweight from neutral.

Persons: Jefferies, Wells, Coty, Ashley Helgans, Bernstein, headwinds, Ally, Yun Li, Samantha Subin, Alex Harring, Pia Singh, Michelle Fox Organizations: —, Semiconductor, UBS, Walmart, Pfizer —, CNBC, Jefferies, Hershey, American Express, JPMorgan, Wynn Resorts, United Locations: Wells Fargo, underperform, GLP, United Arab Emirates

A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric on February 18, 2021 in Orem, Utah. Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 4 storm. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%. Lauderdale, plunged more than 20% as the catastrophe-prone carrier with Gulf Coast exposure could see heightened hurricane risks.

Persons: Hurricane Milton, Chubb Organizations: Captain Electric, Generac Holdings, Hurricane, National Hurricane Center, Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance Locations: Orem , Utah, Milton, Yucatan, Mexico, Florida, Tampa, Fort . Lauderdale

☆ Berkshire Hathaway now owns 100% of BHE, but the utility giant has been a weak spot for the conglomerate
▼ + stars: | 2024-10-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. Berkshire bought the stake for $2.37 billion in cash, $600 million in debt as well as a significant amount of Berkshire Class B shares , according to a regulatory filing. Berkshire Vice Chairman Greg Abel, Buffett's designated successor, sold his 1% stake in BHE for $870 million at a much higher valuation just two years ago. The utility arm has been a weak spot for the conglomerate, which has otherwise enjoyed a few outstanding years. "BHE has been under pressure," said Cathy Seifert, Berkshire analyst at CFRA Research.

Persons: Warren Buffett, Walter Scott, Buffett, Bill Stone, Greg Abel, Buffett's, Abel, BHE, Cathy Seifert Organizations: Berkshire Hathaway Energy, Berkshire, Berkshire Class, Glenview Trust Company, CNBC, BHE, Oracle, CFRA Locations: Berkshire, Omaha, BHE, Glenview, U.S

☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ CNBC Daily Open: Buffeted by Middle East, propelled by China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ Hedge funds are piling into Chinese stocks like never before as sweeping stimulus sparks enthusiasm
▼ + stars: | 2024-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world's second largest economy. The high-profile investor even said he's raising his usual allocation limit and is not hedging his big China bet. He dove into Chinese internet stocks last quarter as Burry's hedge fund, Scion Asset Management, made Alibaba its top holding at the end of June. KWEB 5D mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat.

Persons: Goldman Sachs, David Tepper, Tepper, Burry It's, bullish, Nick Wilcox, Michael Burry, Stanley Druckenmiller, he's Organizations: Appaloosa Management, CNBC, China . Man, Man, Scion Asset Management, Baidu, CSI China, BlackRock, U.S Locations: China, Taiwan

☆ Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more
▼ + stars: | 2024-10-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

EVgo — Shares soared 55% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. Hims & Her Health had previously developed compound versions of the drugs to take advantage of the shortage. Joby Aviation – Shares dropped more than 7%, paring back gains made in the previous session. Palantir recently announced that it's partnering with Edgescale AI to deliver Live Edge, a platform that will utilize artificial intelligence for manufacturing, utilities and other areas. Investors see both Vistra and Constellation as becoming key supporters of data center growth for developing tech companies' artificial intelligence technologies.

Persons: Bill Peterson, Eli Lilly, paring, Joby, Levi Strauss, Levi, Jensen Huang, CNBC's, Blackwell, Henning Cosman, Palantir, Sundar Pichai, Yun Li, Lisa Kailai Han, Hakyung Kim Organizations: Department of Energy, JPMorgan, U.S . Food, Drug Administration, Toyota, Dockers, Wolfspeed, Mizuho, Nvidia, Barclays, Constellation Energy, Nikkei, Investors Locations: U.S, China

☆ China stock ETFs rip higher even as mainland markets close for holiday
▼ + stars: | 2024-10-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday. Mainland Chinese markets, including Shanghai and Shenzhen stock exchanges, will remain closed until Oct. 8. "I am bullish on Chinese equities; this time is different," Scott Rubner, tactical specialist at Goldman Sachs, said in a note. "I have never seen this much daily demand for Chinese equities: I do not even think we have gone back to benchmark index weights yet."

Persons: Scott Rubner, Goldman Sachs, David Tepper, JD.com Organizations: Exchange, Hong Kong Stock Exchange, Management, CNBC Locations: Shanghai, Shenzhen, China, Mainland, Beijing

☆ Stocks making the biggest moves midday: Tesla, Nike, Humana and more
▼ + stars: | 2024-10-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Chinese stocks — Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. Lamb Weston Holdings — Shares of the french fry giant rose more than 2% after its fiscal first quarter topped estimates. Analysts surveyed by LSEG expected 72 cents per share in earnings and $1.56 billion in revenue. The company posted revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion.

Persons: Humana, That's, JD.com, Davidson, Lamb, Lamb Weston, LSEG, CNBC's Lisa Han, Yun Li, Jesse Pound, Michelle Fox, Sean Conlon Organizations: Nike, Exchange, KraneShares CSI China Internet, Baird, Lamb Weston Holdings —, Barclays, Endeavor Energy Resources, Conagra

☆ Bank of America sees strong jobs report Friday reigniting stock rally
▼ + stars: | 2024-09-30 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Another pivotal U.S. jobs report this week will determine the market's direction, and Bank of America strategists think it is likely to push stocks to more record highs. The September jobs report is due Friday, with the economy expected to have added 144,000 jobs, up from 142,000 jobs in August, according to a Dow Jones estimate. It projects payrolls grew by 150,000 in September, with the unemployment rate at 4.2%. For options traders, Bank of America is recommending buying calls on cyclical equities, which currently offer the best value across asset classes. It said options on SPDR S & P Regional Banking ETF (KRE) are the most attractive right now to play the jobs data.

Persons: Dow Jones, payrolls Organizations: Bank of America, Federal Reserve, Regional Banking

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