Tuesday’s big stock stories What’s likely to move the market in the next trading session
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
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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
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.
The bonds
- The 10-year Treasury yield topped 4% Monday, ending at 4.028%.
- It hasn’t been this high in two months.
- The two-year Treasury yield is at 3.99%.
- The one-year Treasury bill yield is 4.24%.
- The yield on the six-month T-bill is at 4.46%.
- The three-month T-bill yield is at 4.66%.
- The one-month T-bill yield closed at 4.87%.
- The SPDR Bloomberg High Yield Bond ETF (JNK) is yielding 6.5%.
- The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is yielding 5.89%.
- The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is yielding 6.71%.
- The Fidelity Corporate Bond ETF (FCOR) has a yield of 4.07%.
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.
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%.
This article was originally published by Cnbc.com. Read the original article here.