U.S. STOCKS Spotify, Coursera, Tandem Diabetes Care

Reuters

U.S. STOCKS Spotify, Coursera, Tandem Diabetes Care

Sep 19, 2024 at 4:05 pm GMT

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Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon. .N

At 11:34 ET, the Dow Jones Industrial Average .DJI was up 1.02% at 41,927.77. The S&P 500 .SPX was up 1.66% at 5,711.6 and the Nasdaq Composite .IXIC was up 2.66% at 18,040.538.

The top three S&P 500 .PG.INX percentage gainers:
** Darden Restaurants DRI.N, up 7.2%
** Airbnb ABNB.O, up 7%
** Tesla TSLA.O, up 6.7%

The top three S&P 500 .PL.INX percentage losers:
** NextEra Energy NEE.N, down 3.1%
** Ventas VTR.N, down 2.9%
** American Tower AMT.N, down 2.7%

The top NYSE .PG.N percentage gainer:
** Impact Biomedical IBO.N, up 21.8%

The top three Nasdaq .PG.O percentage gainers:
** Zeo Energy ZEO.O, up 173.7%
** Garden Stage GSIW.O, up 137%
** Telesis Bio TBIO.O, up 122.1%

The top three Nasdaq .PL.O percentage losers:
** Golden Heaven Group Holdings GDHG.O, down 31.2%
** Progyny PGNY.O, down 29.8%
** Aligos Therapeutics ALGS.O, down 25.9%

** Progyny PGNY.O: down 29.8%
BUZZ - Plummets as big client plans to terminate services agreement nL4N3L11AC

** Apple AAPL.O: up 3.4%

** Meta Platform META.O: up 4%

** Microsoft MSFT.O: up 1.9%

** Nvidia NVDA.O: up 5.3%
BUZZ - Tech stocks lead broad rally as investors cheer Fed's jumbo rate cut nL4N3L10RV

** Coinbase Global COIN.O: up 7.1%

** Bitfarms BITF.O: up 6.9%

** Microstrategy MSTR.O: up 10.2%

** Riot Platforms RIOT.O: up 1.9%
BUZZ - Crypto stocks rise after bitcoin hits three-week high nL4N3L10SS

** JPMorgan Chase JPM.N: up 1.5%

** Wells Fargo WFC.N: up 2.4%

** Bank of America BAC.N: up 2.6%

** Citigroup C.N: up 3.2%
BUZZ - US big banks rise after Fed's jumbo rate cut nL4N3L00TN

** America's Car-Mart CRMT.O: down 13.5%
BUZZ - Skids on pricing stock offering nL1N3L10II

** Target TGT.N: up 1.8%
BUZZ - Names new CFO; shares rise nL4N3L10XX

** Rio Tinto RIO.N: up 3.6%
BUZZ - MS sees seasonal restock to bring metals & mining back into focus nL8N3L10IB

** Hawaiian Electric Industries HE.N: down 8.6%
BUZZ - Drops on $250 mln stock offering plans nL1N3L10E9

** Mobileye Global MBLY.O: up 17.9%
BUZZ - Rises after Intel says no plans to divest majority stake nL4N3L118E

** KeyCorp KEY.N: up 3.5%

** Regions Financial RF.N: up 2.1%

** Fifth Third Bancorp FITB.O: up 2.0%

** Banc of California BANC.N: up 3.3%
BUZZ - US regional banks rise as jumbo rate cut soothes deposit cost concerns nL4N3L10WF

** Vanda Pharmaceuticals VNDA.O: down 5.8%
BUZZ - Drops after US FDA declines drug approval nL4N3L1114

** Hess Midstream HESM.N: down 2.8%
BUZZ - Falls after upsized secondary offering priced nL1N3L10FU

** Plug Power PLUG.O: up 3.8%
BUZZ - Rises on contract with BP-Iberdrola JV nL4N3L1117

** D R Horton DHI.N: up 1.1%

** Lennar LEN.N: up 1.4%

** Pultegroup PHM.N: up 1.7%

** Toll Brothers TOL.N: up 1.8%
BUZZ - US homebuilders rise after Fed rate cut nL4N3L11C1

** Darden Restaurants DRI.N: up 7.2%
BUZZ - Jumps on Uber food-delivery partnership nL4N3L1198

** DoorDash DASH.O: up 4.1%
BUZZ - BTIG upgrades to 'buy' nL4N3L1156

** Spotify Technology SPOT.N: up 6.5%
BUZZ - Rises after Pivotal Research raises PT nL4N3L1163

** Harley-Davidson Inc HOG.N: up 2.7%
BUZZ - Citi raises PT on Harley-Davidson citing 'renewed Fed-driven optimism' nL4N3L110Z

** Coursera COUR.N: up 8.8%
BUZZ - Jumps after BofA starts with 'buy' rating nL4N3L11AD

** Trump Media & Technology Group DJT.O: down 3.9%
BUZZ - Hits new low as lock-up expiry looms nL4N3L11AH

** Tandem Diabetes Care TNDM.O: up 3.2%
BUZZ - Rises as EU clears its insulin pump for use with Lilly's fast-acting insulin nL4N3L11BG

** FactSet Research Systems FDS.N: up 4.5%
BUZZ - Hits 6-month high after strong Q4 results nL4N3L114S

** Elanco Animal Health ELAN.N: down 5.3%
BUZZ - Morgan Stanley downgrades to 'equal-weight' nL4N3L11C9

** Edgewise Therapeutics EWTX.O: up 54.4%
BUZZ - Jumps on early data for heart disease drug nL4N3L11DE

The 11 major S&P 500 sectors:

Communication Services	.SPLRCL	up 2.27%
Consumer Discretionary	.SPLRCD	up 1.91%
Consumer Staples	.SPLRCS	down 0.73%
Energy	.SPNY	up 1.87%
Financial	.SPSY	up 0.81%
Health	.SPXHC	up 0.16%
Industrial	.SPLRCI	up 1.28%
Information Technology	.SPLRCT	up 3.32%
Materials	.SPLRCM	up 1.43%
Real Estate	.SPLRCR	down 0.23%
Utilities	.SPLRCU	down 1.22%