Tuesday’s big stock stories What’s likely to move the market in the next trading session

Investing News

Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City.
Michael M. Santiago | Getty Images

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here’s what CNBC TV’s producers were watching as stocks slid on Monday, and what’s on the radar for the next session.

PepsiCo

  • The soda-and-snack giant reports Tuesday before the bell.
  • Shares are up 1.7% in three months.
  • Pepsi is 8.8% from the 52-week high hit in May.
  • It’s not a cola-to-cola comparison, but Coca-Cola is up 8% in three months. It’s 6% from the September high.
Stock Chart IconStock chart icon

PepsiCo shares in 2024

Boeing

  • The airline maker reports September orders and deliveries on Tuesday at 11 a.m., Eastern time.
  • Boeing is down 1% in a month, and it’s down 15.6% in three months.
  • The stock is 42% from the December high.

The insurance stocks

  • After many of these names had record runs, insurance stocks fell Monday ahead of another major hurricane approaching Florida. This time it’s a Category 5 monster called Milton.
  • Travelers fell 4.3% Monday. It is 7% from the high three weeks ago.
  • Progressive fell 3.85%. It is 5.75% from the mid-September high.
  • W.R. Berkley lost 3.47% Monday. It is 8% from the September high.
  • Hartford lost 3%. The stock is 4% from the high hit last week.
  • Hanover Insurance dropped 2.8% Monday. The stock is 4% from the Sept. 19 high.
Stock Chart IconStock chart icon

Traverlers Cos. in 2024

The bonds

Super Micro’s super jump

  • The stock was up nearly 16% on Monday as Super Micro Computer said sales are still going strong.
  • It remains 61% from the 52-week high hit back in March.
  • The stock closed at $47.74. The all-time high is $122.90.
Stock Chart IconStock chart icon

Super Micro Computer’s performance in 2024

Amazon and Apple

  • Both giants were hit with analyst downgrades on Monday.
  • Wells Fargo took down its rating on Amazon to equal weight from overweight. Jefferies dropped Apple to hold from buy.
  • Both stocks lost about $5 a share Monday. That’s a 3% decline for Amazon, and a 2.25% decline for Apple.
  • Amazon is now 10% from the July high.
  • Apple is 6.5% from the July high.

Nuclear

  • The White House’s national climate advisor Ali Zaidi said Monday that the administration is working to restart more nuclear reactors in the U.S.
  • He mentioned the two projects CNBC has previously reported on. One is in Michigan, and the other is in Pennsylvania. It’s unclear if more are coming soon.
  • Vistra dropped 5% Monday.
  • NextEra fell 4.25%. It is 6.75% from last week’s high.
  • Uranium Energy fell 3.46% Monday. It is now 20% from the Feb. 1 high.
  • The Sprott Uranium Miners ETF (URNM) declined about 2.4%.

Articles You May Like

Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Why the Latest Fed Moves Won’t Derail the Holiday Rally
S&P 500, Nasdaq-100 are getting an update. Trillions depend on who’s in and who’s out
Softbank CEO Masayoshi Son to announce $100 billion investment in U.S. during visit with Trump
Warren Buffett’s Berkshire Hathaway scoops up Occidental and other stocks during sell-off