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Major Averages Rise as Investors Prepare for Earnings Week
The major averages were broadly higher as investors prepare for an important week of earnings, the Federal Reserve's interest-rate decision and fresh inflation data. Markets are attempting to stabilize after the S&P 500 and Nasdaq Composite posted a second consecutive weekly decline, with investors weighing whether heavy artificial intelligence spending will translate into stronger earnings and cash flow. Investors are preparing for quarterly reports from major technology companies, including Amazon, Alphabet, Microsoft and Intel, alongside other prominent names that include Visa, Coca-Cola, Boeing, Eli Lilly and Exxon Mobil.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropichas publicly filed for an IPO on Nasdaq under the stock ticker "ANT"Metaannounced a $35B equity offering and plans for a $60B at-the-market program upon the commencement of trading of its recently announced Class C sharesSpaceXreported a $40B GPU equipment lease agreement with Apollo GlobalApolloannounced a strategic investment in Mubadala CapitalEQT Corporationagreed to acquire Range Resourcesin an all-stock transaction2. WALL STREET CALLS:Barclays upgraded Teslato Overweight, citing a merger opportunity with SpaceX, stronger core business outlook, and signs of Robotaxi inflectionBlockdowngraded to Equal Weight at Morgan StanleyNew Street upgraded Intelas CPU scarcity strengthens turnaroundAdvance Auto Partsdowngraded to Sell at Rothschild & Co Redburn and reinstated with an Underperform at BofAMorgan Stanley upgraded Lockheed Martinafter the company's F-35 production agreement3. AROUND THE WEB:Analysts expect companies in the S&P 500 to report profit growth of 30% in Q3 earnings compared to last year, yet Nvidiaand Micronare expected to account for 34% of that growth, WSJ saysSkydanceis offering voluntary buyouts to employees, Washington Post reportsAppletold Bloomberg it is aware of a cracked screen issue with a "small number" of iPhone DuosAppletweaked macOS for its OLED touch MacBook Pro, due Wednesday, with a dynamic interface that adapts to whether touch or the trackpad was last used, Bloomberg reportsAnthropic'sClaude accessed Georgia voter data without human authorization, Axios says4. MOVERS:Surgery Partnersgained after Healthspan announced it will acquire the company for $23.50 per share in cashXtendincreased after reporting preliminary 9M revenue and appointing Matt McGraw as its U.S. CEOInstacartwas higher after the Wall Street Journal reported that DoorDashis in advanced talks to acquire the companyPagSeguroand Nu Holdingswas lower in New York after President Luiz Inacio Lula da Silva won Brazil's presidential runoffArcos Doradosfell in New York after BofA downgraded the stock to Neutral5. EARNINGS/GUIDANCE:Verizonreported Q3 results and raised its outlook for FY26, with CEO Dan Schulman calling it "another record-breaking quarter"Easterly Government Propertiesreported Q3 results, raised its outlook for FY26, and provided its guidance for FY27Bank of Hawaiireported Q3 results, with EPS missing consensusHBT Financialreported Q3 results, with EPS and revenue beating consensusAlliance Resource Partnersreported Q3 results, with CEO Joseph Craft III noting it was "an outstanding third quarter"INDEXES:The Dow rose 146.42, or 0.28%, to 52,361.58, the Nasdaq gained 214.04, or 0.82%, to 26,169.38, and the S&P 500 advanced 53.09, or 0.70%, to 7,676.77.
Meta Platforms Announces Public Offerings Totaling $35 Billion
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.STOCK OFFERING:Meta Platformsannounced concurrent public offerings totaling about $35 billion, including $22.5 billion of Class A common stock and $12.5 billion of Series A mandatory convertible preferred stock represented by depositary shares. The offerings are part of a broader financing plan that also contemplates a roughly $60 billion at-the-market stock program tied to the future launch of Meta's previously announced Class C shares, though the company said terms and timing have not yet been determined.FILES FOR IPO:Anthropic has publicly filed for an initial public offering on Nasdaq under the stock ticker "ANT." The Claude developer is expected to go public in mid-November at a valuation that could exceed $2 trillion, though its filing did not disclose a proposed share price, offering size or valuation, which are expected to be determined following an investor roadshow.In its IPO filing, the company said, "We have grown rapidly over the last several years, and therefore our recent revenue growth and financial performance should not be considered indicative of our future performance. In 2023, 2024, and 2025, our revenue was $41 million, $386 million, and $4.6 billion, respectively, representing year-over-year growth rates of 841% and 1,088%, respectively. In the six months ended June 30, 2026, our revenue was $16.3 billion, representing a year-over-year growth rate of 1,300%. We do not expect our revenue will continue to grow at comparable rates, and we cannot assure you that it will continue to grow at all.CONSUMER HARM PROBE:An FTC spokesperson told' Maria Curi that the Commission sent demands for Anthropic executives to testify in its consumer harm probe. The FTC, which is investigating Anthropic and OpenAI and has sent civil subpoenas seeking documents from both about safety incidents, plans to go after more AI players as well, but has only confirmed demands for testimony were sent to Anthropic, Axios noted.AI AGENTS:IBMsaid in a post on its website, "AI agents are moving from experimentation into enterprise environments, where they can access data and systems, use tools, invoke other agents, and take action on behalf of users and organizations. As IBM and Nvidia expand their work to help enterprises move AI into production, securing how these agents operate becomes part of the same challenge. Enterprises need the infrastructure to run AI at scale, but they also need a way to establish which agents can be trusted, what authority they have, and what they should be allowed to access. The new Nvidia OpenShell Reference Architecture brings those security requirements into focus. Nvidia OpenShell provides a policy-governed runtime for AI agents, creating boundaries around how they interact with data, tools, APIs, and services."FRONTIER MODEL TRAINING:In a post on its site, OpenAI stated, "This post describes how we secure the environments that we use to train and evaluate frontier models. These research settings differ from those in which customers use our released models: models in development may not yet have completed safety and alignment training, and we deliberately test them under adversarial conditions to expose weaknesses. Before making models available for broader use, we conduct safety and alignment assessments and put production safeguards in place. In order to work with software, AI models need computing environments: digital workspaces where they can write and run code, search for information, and attempt different approaches to solving problems. These environments allow models to practice these skills, while also restricting what they can access or do-helping contain the consequences when models make mistakes or exhibit misaligned behavior. But as models become more capable, they become better at finding ways around those limits. A sophisticated model might exploit a software flaw or misconfiguration to escape a sandbox, exploit an internal service to reach the live internet, or find unauthorized ways to communicate with agents in other sandboxes."The Hugging Face incident in July, as well as other examples of model misalignment that we've observed, demonstrates how models with sophisticated cyber capabilities can bypass containment during their training and evaluation. In response to those incidents, we've substantially hardened the security of our research environments. Working closely with cloud providers, we've added new controls throughout our infrastructure, reduced the attack surface that agents can exploit, and improved our methods for detecting misaligned behavior and attempts to cross security boundaries. These protections overlap, so that containment can hold even if an individual control fails - a strategy known as defense in depth. Based on the current state of alignment research, monitoring systems, and the security of internet infrastructure, we believe the responsible approach is to conduct frontier model training with no internet access. We've implemented this policy and will maintain it until advances in these safeguards justify broader internet access."AI INFRASTRUCTURE DEAL:Verizonannounced that it signed an agreement valued at $2B-plus with AWSthat establishes a commercial framework to scale distributed compute and meet the real-time demands of agentic and generative AI workloads.
Major Averages Rise as Investors Eye Earnings Week
The major averages were broadly higher near noon as investors prepare for an important week of earnings, the Federal Reserve's interest-rate decision and fresh inflation data. Markets are attempting to stabilize after the S&P 500 and Nasdaq Composite posted a second consecutive weekly decline, with investors weighing whether heavy artificial intelligence spending will translate into stronger earnings and cash flow.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropic has publicly filed for an IPO on Nasdaq under the stock ticker "ANT"Metaannounced a $35B equity offering and plans for a $60B at-the-market program upon the commencement of trading of its recently announced Class C sharesSpaceXreported a $40B GPU equipment lease agreement with Apollo GlobalApolloannounced a strategic investment in Mubadala CapitalEQT Corporationagreed to acquire Range Resourcesin an all-stock transaction2. WALL STREET CALLS:Barclays upgraded Teslato Overweight, citing a merger opportunity with SpaceX, stronger core business outlook, and signs of Robotaxi inflectionBlockdowngraded to Equal Weight at Morgan StanleyNew Street upgraded Intelas CPU scarcity strengthens turnaroundAdvance Auto Partsdowngraded to Sell at Rothschild & Co Redburn and reinstated with an Underperform at BofAMorgan Stanley upgraded Lockheed Martinafter the company's F-35 production agreement3. AROUND THE WEB:Analysts expect companies in the S&P 500 to report profit growth of 30% in Q3 earnings compared to last year, yet Nvidiaand Micronare expected to account for 34% of that growth, WSJ saysAppletweaked macOS for its OLED touch MacBook Pro, due Wednesday, with a dynamic interface that adapts to whether touch or the trackpad was last used, Bloomberg reportsAnthropic'sClaude accessed Georgia voter data without human authorization, Axios saysNetflixusers are watching shows on the platform less and aren't opening the app on as many days a month as they did a few years prior, Bloomberg reportsVolkswagen'sAudi CEO Gernot Doellner defended his decision to stand alongside President Donald Trump during a rally in Perry, Georgia, Reuters says4. MOVERS:Surgery Partnersgains after Healthspan announced it will acquire the company for $23.50 per share in cashXtendincreases after reporting preliminary 9M revenue and appointing Matt McGraw as its U.S. CEOXencorhigher after announcing updated results from its Phase 1 study of XmAb819PagSeguroand Nu Holdingslower in New York after President Luiz Inacio Lula da Silva won Brazil's presidential runoffArcos Doradosfalls in New York after BofA downgraded the stock to Neutral5. EARNINGS/GUIDANCE:Verizonreported Q3 results and raised its outlook for FY26, with CEO Dan Schulman calling it "another record-breaking quarter"Easterly Government Propertiesreported Q3 results, raised its outlook for FY26, and provided its guidance for FY27Bank of Hawaiireported Q3 results, with EPS missing consensusHBT Financialreported Q3 results, with EPS and revenue beating consensusAlliance Resource Partnersreported Q3 results, with CEO Joseph Craft III noting it was "an outstanding third quarter"INDEXES:Near midday, the Dow was up 124.66, or 0.24%, to 52,339.82, the Nasdaq was up 273.69, or 1.05%, to 26,229.03, and the S&P 500 was up 61.37, or 0.80%, to 7,685.05.
Takes SpaceX Mobile Network Plans Seriously
Says "potential room" to adjust price/value equation. Says will only increase price if value increases as well. Says an attractive partner for the most demanding customers. Says "unsurprised" by SpaceX (SPCX) plan for mobile network, and takes SpaceX plans "quite seriously."
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