Wall Street had every reason to flinch today and mostly chose to cheer instead, which is its own kind of story. Plenty of familiar names moved, and not all of them in the direction you would guess.
One headline from the chip world nearly got buried by the crowd, and it deserves a closer look before tomorrow morning’s big data.
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*This ad is sent on behalf of Guardian Financial Publishing LLC, doing business as Stable Financial Publishing, 1013 Centre Road Suite 403-D, Wilmington, DE 19805. Nothing here is investment, financial, legal, or tax advice, and it is not a recommendation or solicitation to buy or sell any security. Investing involves substantial risk, including loss of principal; small-cap and low-priced stocks carry particular risk, including the possible loss of your entire investment. Past performance does not guarantee future results. Stable Financial Publishing, its owners, employees and contributors may hold positions in securities mentioned and may trade them at any time. References to Elon Musk and SpaceX are for informational purposes only; Stable Financial Publishing is not affiliated with, endorsed by, or sponsored by Elon Musk or SpaceX. Privacy: https://guardian.pub/privacy-policy/ · Terms: https://guardian.pub/terms-of-service/
Markets
Nvidia’s board opened an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort, and the stock shed roughly $200 billion in value. The tape barely noticed.
Buyers had bigger things on their minds, namely cheaper energy and a general appetite for risk.
Industrials led a rally in which 432 S&P 500 members rose, helped by crude settling at its lowest close since August, while other chipmakers like AMD and Broadcom climbed.
Schwab cut account minimums to ready retail clients for Anthropic’s coming debut.
Boeing is trimming about 5% of its commercial workforce, PepsiCo is cutting roughly 1,000 jobs, and Honda will build a $3 billion hybrid plant in Ohio. The October CPI report lands tomorrow morning.
DJIA [+2.15%]
S&P 500 [+2.35%]
Nasdaq [+2.74%]
Russell 2000 [+3.20%]
Market-Moving News
Aerospace & Defense
Boeing plans to cut 5% of its commercial airplane workforce, adjusting staffing to slower production schedules as the manufacturer gives factories and suppliers more time to stabilize output after missing aircraft production targets.
AeroVironment secured an initial $315 million award from a U.S. customer, under a contract capped at $940 million, supporting product deliveries and services through its autonomous systems division, with the customer's identity undisclosed.
Corporate Deals & Expansion
Honda announced a $3 billion vehicle plant in central Ohio, creating more than 2,000 manufacturing jobs, with capacity for 240,000 vehicles annually and production expected to begin in 2029, subject to government approvals.
Surgery Partners raised its agreed takeover price to $25 per share, valuing the transaction at up to $6 billion, with additional payments possible if closing extends beyond March 1, 2027.
Digital Services & Payments
Disney+ is reportedly planning a free streaming tier for 2027, featuring always-on advertising-supported channels, as Disney seeks a broader audience and another source of advertising revenue alongside its existing paid subscription business.
PNC launched a stablecoin payment pilot with Coinbase for eligible business clients, automatically converting incoming USDC into dollars, aiming to provide faster access to funds and more efficient cross-border transactions through its banking platform.
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Healthcare & Biotech
Alnylam reported five-year data supporting Amvuttra for a progressive heart condition, showing a 41% lower combined risk of death and recurring cardiovascular events with continuous treatment compared with starting treatment 3 years later.
Eli Lilly and Novo Nordisk must add eye-risk warnings to several GLP-1 medicines, after an FDA review flagged potential harm, covering Ozempic, Wegovy, Mounjaro and Zepbound following concerns about sudden vision loss.
Technology & Automation
Microsoft and Northern Trust deployed an AI agent for institutional client onboarding, cutting data preparation time by 83%, from roughly 2.5 weeks to 3 days while retaining human review and approval, the companies reported.
Keysight certified its chip-design software for Tower Semiconductor's manufacturing technology, combining electronic and optical circuit development and allowing engineers to design, simulate, and check both systems together before sending chip designs into production.
Top Winners and Losers
Telos [TLS] $7.17 (+48.76%)
Telos reported third-quarter revenue up 7.3% to $55.2 million, then raised its full-year revenue outlook to roughly $198 million to $201 million.
For a security software shop that often gets treated like a sleepy contractor, that was plenty to wake the crowd. Shares nearly jumped by half, a rare sprint for a stock that usually walks.
Delcath Systems [DCTH] $20.27 (+35.77%)
Delcath’s liver cancer system kept selling, with third-quarter revenue of $35.1 million, up from $20.6 million a year ago. Management then lifted its 2026 revenue guidance to $115 million to $117 million.
Investors treated that like a prescription refill they were happy to pick up, bidding the shares up more than a third in one session.
MindForge [MF] $14.33 (+34.68%)
MindForge sprinted higher again, and the price tag reflects how bumpy the ride has been. Shares sat near $8 not long ago before snapping back to $14, with trading pauses along the way.
The company has offered no fresh news to explain it, so the chart is doing all the talking. Thin trading can exaggerate everything.
Faeth Therapeutics [FTH] $12.68 (-42.49%)
Faeth shared early results from a mid-stage trial pairing two oral drugs with chemotherapy in advanced endometrial cancer, and tumors shrank in 33% of evaluable patients.
Traders wanted a bigger number and sent shares sliding by more than 40%. Biotech investors can be harsh graders, and a decent first read apparently just means a lower curve.
Janux Therapeutics [JANX] $12.76 (-27.62%)
Janux unveiled first data for JANX011, studied in 25 healthy volunteers, and the market gave it a polite shrug that turned into a brisk sell-off.
Early volunteer data rarely settles the big questions, and investors seemed to want more punch. Shares gave back more than a quarter of their value, proof that even a clean start can disappoint.
Motorcar Parts of America [MPAA] $7.72 (-26.62%)
Motorcar Parts of America, a supplier of aftermarket auto components, sank more than a quarter in a heavy session after reporting its earnings call transcript.
Traders appear to have hit the eject button on a name that was already volatile, and the selling snowballed. The stock now sits near $7.70, a reminder that small auto parts names can swing wildly when sentiment turns.
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Everything Else
⚡ 🎯 Everyone is watching the headlines. Seven stocks are building the kind of scale that wins over the next two years.
📈 The Nasdaq jumped more than 2% as Wall Street rebounded from last week’s AI selloff, with chip stocks recovering while Nvidia remained under pressure.
📉 Nvidia shares fell as scrutiny intensified over CEO Jensen Huang’s reported relationship with an alleged Chinese spy, prompting an independent board investigation into potential security concerns.
💊 Mineralys Therapeutics shares rose after its blood pressure drug lorundrostat demonstrated sustained reductions in a long-term trial, strengthening confidence in the treatment ahead of an FDA decision.
💰 KKR reported record quarterly profit as asset sales and management fees surged, with assets under management exceeding $800 billion amid strong demand for alternative investments.
📱 Meta expanded AI-powered age checks on Instagram to identify teenagers using adult birth dates, strengthening account protections as lawsuits over alleged harm to young users continue.
That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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