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Nasdaq Rebounds Thanks to AI Infrastructure Stocks
The Nasdaq rebounded from last week's losses thanks to dip buying in heavyweight AI infrastructure stocks. The advance follows tech weakness last week, when underwhelming financial results from Anthropic and signs of debt stress among cloud providers, especially CoreWeave, dented demand for speculative positions in the sector.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropic announced plans to commit 5% of its shares to a Public Benefit Fund to enable the company to "pursue our mission in new ways"SpaceXCEO Elon Musk pledged to give one of his SpaceX shares to "every kid in America," adding that "this will be the first of many."Investment bankers have been circling Blue Owl Capital, meeting with its founders to propose a full or partial sale of the business, WSJ saysMicrosofthas withdrawn from a UK data center deal with Nscale, Bloomberg saysCleveland-Cliffsshares are rising after the steel company reported Q3 results that beat expectations2. WALL STREET CALLS:Goldman Sachs upgraded CoreWeaveto BuyAmeriprisedouble downgraded to Underperform at BofA amid retention challengesIntelupgraded to Neutral at JPMorganLongbow downgraded Whirlpool, citing a weakening consumer backdropDatadogupgraded to Outperform at Bernstein3. AROUND THE WEB:Hon Hai Precisionwill pay $727M for a 50% stake in Mitsubishi Electric'sautomotive components unit, Bloomberg saysUberwon its bid to throw out two lawsuits in the UK valued at EUR 340M brought by London black cab drivers and two former private hire companies over allegations on how it obtained a private hire vehicle operating license, Reuters reportsStellantisCEO Ned Curic said the company plans to continue hiring more engineers as the company rolls out new models as part of its turnaround plan, Bloomberg saysMorgan Stanleyhas entered a partnership with Raisin UK, a fintech platform, to provide savings accounts to individuals in the country, Bloomberg reportsQuantinuumsaid it has achieved record-setting results to correct the tendency for "qubits" at the center of a quantum computer to generate errors based on tiny disturbances in their environments, WSJ reports4. MOVERS:Silence Therapeuticsgained after entering an agreement to be acquired by Merck KgaAfor $20 per ADS in cashDisc Medicineincreased after reporting its APOLLO trial of bitopertin met all its primary and secondary endpointsStriverose after announcing it purchased 4,045 bitcoinFervo Energyfell after JPMorgan removed it from its Analyst Focus ListDynex Capitaldeclined after reporting quarterly results5. EARNINGS/GUIDANCE:Nyxoahreported preliminary Q3 results and cut its guidance for FY26Cleveland-Cliffsreported Q3 results, with EPS beating consensusFifth Thirdreported Q3 results and provided guidance for Q4Eos Energyprovided guidance for Q3 and backed its outlook for FY26EquipmentShareraised its outlook for FY26INDEXES:The Dow fell 36.38, or 0.07%, to 51,966.03, the Nasdaq gained 290.85, or 1.11%, to 26,430.89, and the S&P 500 advanced 31.29, or 0.41%, to 7,690.73.
Dow Rises 90.80 Points, Nasdaq Up 453.36 Points
The major averages were higher near noon as a rebound in heavyweight AI infrastructure stocks offset muted movement in broader sectors. The advance follows tech weakness last week, when underwhelming financial results from Anthropic and signs of debt stress among cloud providers, especially CoreWeave, dented demand for speculative positions in the sector.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropic announced plans to commit 5% of its shares to a Public Benefit Fund to enable the company to "pursue our mission in new ways"SpaceXCEO Elon Musk pledged to give one of his SpaceX shares to "every kid in America," adding that "this will be the first of many."Investment bankers have been circling Blue Owl Capital, meeting with its founders to propose a full or partial sale of the business, WSJ saysMicrosofthas withdrawn from a UK data center deal with Nscale, Bloomberg saysCleveland-Cliffsshares are rising after the steel company reported Q3 results that beat expectations2. WALL STREET CALLS:Goldman Sachs upgraded CoreWeaveto BuyAmeriprisedouble downgraded to Underperform at BofA amid retention challengesIntelupgraded to Neutral at JPMorganLongbow downgraded Whirlpool, citing a weakening consumer backdropDatadogupgraded to Outperform at Bernstein3. AROUND THE WEB:Hon Hai Precisionwill pay $727M for a 50% stake in Mitsubishi Electric'sautomotive components unit, Bloomberg saysUberwon its bid to throw out two lawsuits in the UK valued at EUR 340M brought by London black cab drivers and two former private hire companies over allegations on how it obtained a private hire vehicle operating license, Reuters reportsStellantisCEO Ned Curic said the company plans to continue hiring more engineers as the company rolls out new models as part of its turnaround plan, Bloomberg saysMorgan Stanleyhas entered a partnership with Raisin UK, a fintech platform, to provide savings accounts to individuals in the country, Bloomberg reportsQuantinuumsaid it has achieved record-setting results to correct the tendency for "qubits" at the center of a quantum computer to generate errors based on tiny disturbances in their environments, WSJ reports4. MOVERS:Silence Therapeuticsgains in New York after entering an agreement to be acquired by Merck KgaAfor $20 per ADS in cashDisc Medicineincreases after reporting its APOLLO trial of bitopertin met all its primary and secondary endpointsStrivehigher after announcing it purchased 4,045 bitcoinFervo Energylower after JPMorgan removed it from its Analyst Focus ListDynex Capitalfalls after reporting quarterly results5. EARNINGS/GUIDANCE:Nyxoahreported preliminary Q3 results and cut its guidance for FY26Cleveland-Cliffsreported Q3 results, with EPS beating consensusFifth Thirdreported Q3 results and provided guidance for Q4Eos Energyprovided guidance for Q3 and backed its outlook for FY26EquipmentShareraised its outlook for FY26INDEXES:Near midday, the Dow was up 90.80, or 0.17%, to 52,093.21, the Nasdaq was up 453.36, or 1.73%, to 26,593.40, and the S&P 500 was up 66.01, or 0.86%, to 7,725.45.
Company Reports Economic Return of $(1.48) per Share
Total economic return of $(1.48) per common share, or (11.5)% of beginning book value; Book value per common share of $10.91 as of September 30, 2026, a decrease of $(1.99) from $12.90 as of June 30, 2026; Comprehensive loss of $(1.49) per common share and net loss of $(1.34) per common share. "We believe today's Agency mortgage market presents a compelling forward investment opportunity," said Smriti Laxman Popenoe, Co-Chief Executive Officer and President. "Late-quarter volatility and wider mortgage spreads reduced our reported book value, and that repricing has created an attractive forward return opportunity. Importantly, the mortgage market remains fundamentally solid, technical conditions are strong, and financing remains stable. We are managing for the long term, prepared for a range of market scenarios, and positioned to capitalize on opportunities as they develop."
Nasdaq Closes Near Flat as Market Eyes Megacap Earnings
The major averages closed lower, with the Nasdaq closing near flat, as stocks looked to rebound from last week's technology-led selloff. Attention is turning to a week of megacap earnings that could determine whether the AI-driven rally regains momentum. However, gains remain restrained by escalating geopolitical tensions in the Middle East.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Domino's Pizzareported, with U.S. same store sales growing 0.1% but international same store sales falling 0.1%Tempus AIPersonalisfor $16.25 per shareAMC Entertainmentreported better-than-expectedBrookfieldand Canada Pension Plan Investment BoardLXP Industrial Trustin a $5.2B all-cash transactionAlibaba'sAliExpress has been fined EUR550M by the EU for2. WALL STREET CALLS:Phillip SecuritiesNetflixto Buy from AccumulateGoldman SachsTravelersto SellCLSAcoverage of Microsoftwith an Outperform rating and $535 price targetBarclaysLumentumto OverweightPenguin Solutionsto Underweight at Barclays3. AROUND THE WEB:U.S. District Judge Araceli Martinez-Olguin ordered Paramount Skydanceand Warner Bros. Discoveryto hold off on consummating their deal to combine for 14 days after California and 11 other states sued to block the merger, Bloomberg reportsGoogleis developing a new AI chip that integrates Gemini model architecture directly into hardware, aiming to improve efficiency and reduce the cost of serving AI models at scale, The Information reportsHoneywellCEO Vimal Kapur said plans to reshape the company were already underway when activist investor Elliott Management took a stake and pushed for a breakup in 2024, Bloomberg saysAerCapis in discussions to buy Boeing787 Dreamliner aircraft, with the leasing company considering as many as 15 of the 787 widebodies, Bloomberg saysSamsunghas cut roles at its U.S. display, phone, and consumer electronics operations at its New Jersey and Texas offices, Reuters reports4. MOVERS:Irenhigher after raising its AI Cloudto over $4B from $3.7BHut 8increases after announcingArcher Aviationgains after announcing its jointly-developed autonomousImmix Biopharmalower after announcing theEnphase Energyfalls after TD Cowenon the stock5. EARNINGS/GUIDANCE:Dynex Capital, with EPS beating consensusZurn Elkay WaterCEO Todd Adams said the company sees Q2 resultsNomad FoodsreportedPeoples Bancorp, with EPS higher year-over-yearKnightscopereported, with revenue higher year-over-yearINDEXES:The Dow fell 307.16, or 0.59%, to 51,839.26, the Nasdaq lost 12.17, or 0.048%, to 25,508.07, and the S&P 500 declined 14.41, or 0.19%, to 7,443.28.
Tech Stocks Rebound as Market Eyes Megacap Earnings
The major averages were mixed near noon as stocks look to rebound from last week's technology-led selloff. Attention is turning to a week of megacap earnings that could determine whether the AI-driven rally regains momentum. However, gains remain restrained by escalating geopolitical tensions in the Middle East.This week's earnings calendar is headlined by Alphabet, Tesla, Intel and IBM, with investors closely watching whether continued heavy spending on artificial intelligence infrastructure is translating into stronger financial results. The reports come after semiconductor stocks suffered a sharp reversal last week, pushing the Philadelphia Semiconductor Index more than 20% below its June high and into bear market territory.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Domino's Pizzareported, with U.S. same store sales growing 0.1% but international same store sales falling 0.1%Tempus AIPersonalisfor $16.25 per shareAMC Entertainmentreported better-than-expectedBrookfieldand Canada Pension Plan Investment BoardLXP Industrial Trustin a $5.2B all-cash transactionAlibaba'sAliExpress has been fined EUR550M by the EU for2. WALL STREET CALLS:Phillip SecuritiesNetflix (NFLX) to Buy from AccumulateGoldman SachsTravelersto SellCLSAcoverage of Microsoftwith an Outperform rating and $535 price targetBarclaysLumentumto OverweightPenguin Solutionsto Underweight at Barclays3. AROUND THE WEB:Googleis developing a new AI chip that integrates Gemini model architecture directly into hardware, aiming to improve efficiency and reduce the cost of serving AI models at scale, The Information reportsHoneywellCEO Vimal Kapur said plans to reshape the company were already underway when activist investor Elliott Management took a stake and pushed for a breakup in 2024, Bloomberg saysAppleis piloting a system in Apple Stores called Live Notes that lets Genius Bar staff make transcripts and summaries of conversations with customers, Bloomberg reportsAerCapis in discussions to buy Boeing787 Dreamliner aircraft, with the leasing company considering as many as 15 of the 787 widebodies, Bloomberg saysSamsunghas cut roles at its U.S. display, phone, and consumer electronics operations at its New Jersey and Texas offices, Reuters reports4. MOVERS:Irenhigher after raising its AI Cloud annualizedto over $4B from $3.7BHut 8increases after announcingArcher Aviationgains after announcing its jointly-developedwith AndurilImmix Biopharmalower afterof Chief Medical Officer Richard GraydonEnphase Energy (ENPH) falls after TD Cowenon the stock5. EARNINGS/GUIDANCE:Dynex Capitalwith EPS beating consensusZurn Elkay WaterCEO Todd Adams said the company sees Q2 results "range we provided earlier in the quarter"Nomad FoodsreportedPeoples Bancorp, with EPS higher year-over-yearKnightscope, with revenue higher year-over-yearINDEXES:Near midday, the Dow was down 0.16%, or 83.29, to 52,063.13, the Nasdaq was up 0.80%, or 203.51, to 25,723.75, and the S&P 500 was up 0.42%, or 31.18, to 7,488.87.
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