Dow Near 52‑Week High on Rate‑Sensitive Rally as Nasdaq Slides on Tech Weakness
Broad market gains led by the Dow and small‑caps offset a tech‑driven Nasdaq decline even as yields edged higher.
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MarketCatalystDaily recaps, research and guides to how the market actually works.
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Recap
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→Qualcomm Plans Global Layoffs Starting in November as CEO Amon Pushes Performance Focus
Qualcomm ($QCOM) plans global job cuts beginning in November as CEO Cristiano Amon pushes a performance-focused restructuring amid weaker smartphone demand and a shift toward AI data centers.
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Analysis
→Pending Home Sales Index Drops to Record Low of 66 as Mortgage Rates Hit 7.4%
The National Association of Realtors' index of home purchase contract signings fell to a seasonally adjusted 66 in September, the lowest since 2001, as mortgage rates near 7.4% keep buyers on the sidelines.
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Recap
→Analyst Calls: Barclays Hits NuScale, Loop Cuts Apple to Hold and BlackRock Wins a TD Cowen Upgrade
Barclays cuts NuScale to Underweight, Loop Capital downgrades Apple, and TD Cowen upgrades BlackRock to Buy in a morning of 42 analyst calls. Plus the AI-infrastructure initiations & what to watch.
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Recap
→Stocks Moving Premarket: 3M Jumps on Amazon Deal, RTX Lifts Outlook and GM Slides on Narrowed Guidance
3M rises on an expanded Amazon data-center deal, RTX beats and raises, and GM, Genuine Parts and Steel Dynamics fall ahead of Netflix and SpaceX earnings after the close. Plus the calendar & what to watch.
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Earnings
→BOK Financial Beats Q3 Estimates With EPS of $2.64, Up 19%
BOK Financial ($BOKF) beat Q3 earnings expectations, reporting EPS of $2.64 versus $2.53 estimated, up 19% year-over-year, with net income of $159.9 million.
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