Good morning.
The Fast Five → AI-stock rally powers Nasdaq to record close, TSMC stock hits all-time high, SpaceX jumps on bullish Morgan Stanley call, the American consumer is souring, and Bessent’s rosy forecasts are putting his credibility at risk…
📌 These are the only 5 stocks that matter →
(from TradeSmith)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
FOMC Meeting Minutes, 2:00P
Your 5-minute briefing for Tuesday, October 6:
BEFORE THE OPEN
As of market close 10/5/2026.
Pre-Market:
Market Wrap:
Futures: Dow +57 (+0.1%), S&P +0.08%, Nasdaq +0.09%
Mon: Dow +90 (+0.2%), S&P +0.7%, Nasdaq +1.0%
Nasdaq hit another all-time high
AI stocks led, with SpaceX jumping 7%+
Oil fell nearly 2%; WTI slipped below $90
10-year yield again topped 5.3%
Focus shifts to Fed minutes Wednesday
EARNINGS
Here’s what we’re watching this week:
Today: Constellation Brands $STZ ( ▲ 0.39% )
WED: Levi Strauss $LEVI ( ▲ 2.01% )
*Applied Digital $APLD ( ▼ 2.68% ) - $.30 EPS vs $.03 a year ago, on $124.57M revenue (+94.0%)
THU:
*PepsiCo $PEP ( ▼ 0.19% ) - $2.30 EPS, up from $2.29 a year ago, on $24.98B revenue (+4.4%)
FRI: *Delta Air Lines $DAL ( ▼ 1.2% )
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HEADLINES
Demand for compute is strong enough that hyperscalers remain undeterred by higher borrowing costs, posing a dilemma for the US Federal Reserve.
The Treasury Secretary risks boxing himself in with his prognostications on gasoline prices, housing and the economy.
US stocks rallied as tech strength outweighed bond market caution (more)
10-year Treasury yield rise to fresh 2002 high to start the week (more)
New hazard for Treasuries hides in bond futures’ fine print (more)
Trump expands access to tax-exempt diesel fuel (more)
Private-credit worries spur Fed review (more)
Brazilian stocks soar as Bolsonaro emerges as election favorite (more)
Euro sinks as fiscal and political worries mount (more)
The American consumer is souring (more)
US unemployment approaches record not seen since mid-1960s (more)
Oil prices slip as traders weigh strong Mideast exports against Gulf tensions (more)
Gold steadies as stronger dollar and yields weigh on rate path (more)
SpaceX stock jumps on bullish Morgan Stanley call (more)
TSMC stock hits all-time high after Musk confirms early Terafab talks (more)
David Ellison and Ynon Kreiz announce Skydance leadership team (more)
McDonald’s hit with class action alleging AI-powered menu price-fixing (more)
Micron stock offers an important reminder for investors (more)
GM says hybrid vehicles are coming (more)
Wall Street's merger frenzy takes a third quarter breather (more)
DEALFLOW
M+A | Investments
Schneider Electric to buy US software firm PTC in $22.6B deal
C.H. Robinson to acquire RXO for $5.8B
Canada's Cenovus strikes $4B deal to buy Athabasca Oil
AkzoNobel to sell Southeast Asia paints business to Nippon Paint for $1.35B
US pays $950M to buy California ICE Jails from GEO Group
Suncor to sell offshore Canada oil stakes to Ithaca for $842M
Champion Homes to acquire Timberline Homes retail assets
Factory receives investment from Menlo Ventures
Bright Machines receives investment from Teradyne
VC
SignSplit, a platform enabling people and institutions to license and contribute their data, work and likeness, raised $400M in Seed funding
Valon, an AI-native operating system for regulated finance, raised $150M in Series D funding
Namespace Labs, a cloud computing and developer infrastructure startup, raised $42M in Series B funding
Clockwork.io, a provider of fault-tolerance software for AI training and reinforcement learning, raised $31M in funding
Halluminate, an AI data research lab and financial reinforcement learning infrastructure startup, raised $30M in Series A funding
Living Optics, a computational hyperspectral imaging platform, raised $20M in funding
Consano Bio, a biotech company advancing therapeutics designed to address serious, painful orthopedic conditions, raised over $15M in financing
SafeWorld, a provider of safety testing and simulation software for physical AI and robotics, raised $12.2M in Seed funding
UpSmith, an AI platform for home services contractors, raised $10M in Series A funding
Serán Bioscience, a provider of development solutions for pharmaceutical and biotech companies, raised funding
CRYPTO
BULLISH BITES
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DAILY SHARES
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