Sep 29 2025

 

 Market & Economy

• White House talks: Spending disagreements; Democrats push for ACA tax credit extension.

• Rates: 10-yr Treasury yield dips to 4.16%.

• Jobs data: Key reports due this week, culminating Friday.

• Commodities: Oil ↓ ~2% to $64.50/barrel; Gold ↑ 1% to $3,850/oz.

• Crypto: Bitcoin near $112K, rebounding 1.5%.

Global & Sector Moves

• China tech: KWEB ETF +2.5%; Futu (FUTU) holding 50-day support.

• Semis: NVIDIA (NVDA) +1%, near breakout; Lam Research (LRCX) +4% on DB upgrade.

• Energy: Vistra (VST) +2% — expanding Texas plant, quadrupling capacity.

• Biotech: GenMab (GMAB) −3% buying Marus (MRUS) for $8B (cancer drug pipeline).

Stock Highlights

• Tesla (TSLA) +1.5%, strength ahead of Q3 deliveries (due Thursday).

• Astera Labs (ALAB) +5% rebound after last week’s sharp drop.

• Electronic Arts (EA) +5% (on top of Friday’s +15%); going private in $55B buyout by PIF/Silver Lake/Affinity.

• GlobalFoundries (GFS) +5% — partnership with Corning (GLW) on silicon photonics.

• Wells Fargo (WFC) flat; MS downgrade to equal weight but PT raised to $95.

• Novo Nordisk (NVO) −3% after MS downgrade to underweight.