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Daily Wrap

Published after every US market close · Markets, news, rates and FX on one pageSubscribe
2026-09-29

Stocks Mixed as Yields Rise, Breadth Stays Weak

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyNVDA-0.7%AAPL-2.7%MSFT-0.1%AVGO+1.6%MU+1.1%AMD-0.1%INTC-0.1%PLTR-0.3%CSCO+0.2%ORCL+3.9%AMAT+5.2%LRCX+3.0%DELL-0.7%PANW-0.9%CRWD+1.4%ANET-1.0%TXN+1.2%KLAC+3.9%MRVL+4.5%SNDK+1.0%SHOP+3.0%APH-0.3%IBM-0.3%ADI+0.7%CRM-0.9%QCOM-1.8%WDC+0.1%STX-0.9%NOWFTNTGLW+4.7%ACN+1.5%DDOG-0.1%LITE+5.7%SNPS-0.6%HPE-1.8%CDNSADBEINTUMSIMPWRKEYSMSTRCIENTELTERMCHPWDAYROPJBLZoom into Communication ServicesCommunication ServicesGOOGL-0.5%GOOG-0.5%META+3.2%NFLX+1.6%DIS-0.2%VZ-1.5%TMUS-2.1%TAPPCMCSALYVTTWOTKORDDTECHOFOXAFOXOMCNWSZoom into FinancialsFinancialsBRK.BJPMVMABACMSGSWFCCAXPZoom into IndustrialsIndustrialsSPCX+2.6%Zoom into Consumer DiscretionaryConsumer DiscretionaryAMZN+0.2%TSLA-1.3%HD-0.6%MCDTJXSBUXABNBMELIMARDASHZoom into Health CareHealth CareLLY-0.0%JNJ-1.6%ABBVMRKUNHTMOZoom into Consumer StaplesConsumer StaplesWMT-1.8%COSTKOZoom into EnergyEnergyXOM-0.7%CVXZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentThe S&P 500 slipped 0.18% while the Nasdaq 100 edged up 0.19%, leaving the Dow and Russell 2000 lower. Breadth was soft: 193 advancers against 289 decliners, with only 25.2% of stocks above their 50-day average and 27 new lows versus 8 highs. The 10-year yield rose 2bp to 5.26%, pressuring rate-sensitive corners.

Sectors & StocksUtilities led with a 1.15% gain, followed by industrials at 0.79%, while energy lagged at -0.9% as oil fell on Middle East supply focus. Bloom Energy jumped 10.8% after Jefferies raised its target, and Royal Caribbean rose 7.45% on an upgrade. Carvana added 5.21% on a Jefferies sales-beat note. Apple fell 2.66% amid layoff reports under new CEO John Ternus.

Rates, FX & CryptoThe 10-year yield added 2bp to 5.26% and the 30-year rose 3bp to 5.59%, while the 2-year slipped 3bp to 4.89%. The dollar firmed near a two-month peak as oil and yields rose; USD/CNY fell 0.11% to 6.7034, a stronger yuan. Bitcoin was little changed at $83,630, up 0.15%, while Ether slipped 0.39%.

Earnings & AnnouncementsCarnival reported record Q3 revenue and profit and raised full-year guidance, sending shares up 12%. The Pentagon awarded RTX's Raytheon a $20.7 billion AMRAAM missile contract. AT&T signed a $3 billion multi-year fiber supply deal with Corning. Merck slipped 1.5% on a $400 million KRAS rights purchase. No FinDog view changes today.

What to Watch Next Trading Day
  • Micron earnings after the close
  • FactSet and Jabil report before the open
  • Jobs data and Fed speakers on tap
Top News
  1. Pentagon awards RTX $20.7B AMRAAM missile contract
    Raytheon wins a $20.7 billion contract for AMRAAM missiles amid stockpile concerns, a major defense order that supports RTX's backlog and the aerospace sector.
    RTXReuters09-28 22:03 UTC
  2. US to loan 40 million barrels from SPR
    The US will loan up to 40 million barrels from the Strategic Petroleum Reserve, the last batch from a global deal, adding near-term oil supply and weighing on crude prices.
    Reuters09-29 17:26 UTC
  3. Bond market braces for new rate era
    Reuters reports the battered bond market is preparing for a new era of interest rates, with the 10-year yield at 5.26% and the 30-year at 5.59%, keeping pressure on equity valuations.
    Reuters09-29 04:47 UTC
  4. Dollar firms near two-month peak as yields rise
    The dollar strengthened near a two-month high as oil and US yields rose, with jobs data looming; a firmer dollar can weigh on multinational earnings and commodity prices.
    Reuters09-29 01:57 UTC
  5. Apple CEO Ternus reportedly planning layoffs
    New Apple CEO John Ternus is reportedly planning layoffs as costs rise, a sign of margin pressure at the iPhone maker; Apple shares fell 2.66% on the report.
    AAPLYahoo09-29 19:47 UTC
  6. AT&T signs $3B fiber supply deal with Corning
    AT&T signed a multi-year fiber and cable supply agreement with Corning valued at over $3 billion, supporting AT&T's network expansion to 60 million locations by 2030.
    TGLWYahoo09-29 18:31 UTC
  7. Carnival stock rises 12% on record deposits
    Carnival reported record customer deposits and strong 2027 bookings, pointing to sustained cruise demand; the stock rose 12% as the company also raised full-year guidance.
    CCLYahoo09-29 18:00 UTC
  8. Merck slips 1.5% on $400M KRAS deal
    Merck is paying $400 million upfront for KRAS rights in a deal that could reach $2.13 billion, though the SPR2015 candidate remains preclinical; the stock slipped 1.5%.
    MRKYahoo09-29 19:15 UTC
  9. Michael Burry warns AI bubble may burst sooner
    Famed short seller Michael Burry believes the AI bubble may burst sooner than he first thought, switching to June-expiry puts on major tech shorts, a bearish signal for AI-linked names.
    CNBC09-28 20:43 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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