Stock Market Rally Holds Ground Amid Mideast Fears; Tesla, Nvidia, Nike In Focus: Weekly Review

Blockhead10-04

The stock market rally gave up ground as Iran fired nearly 200 ballistic missiles vs. Israel, which has said it will retaliate. The major indexes retreated but held some key levels. Nvidia (NVDA) rose...

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Nvidia (NVDA) rose...</p>\n\n<a href=\"https://www.investors.com/news/stock-market-rally-holds-ground-amid-mideast-fears-tesla-nvidia-nike/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Rally Holds Ground Amid Mideast Fears; Tesla, Nvidia, Nike In Focus: Weekly Review</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Rally Holds Ground Amid Mideast Fears; Tesla, Nvidia, Nike In Focus: Weekly Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-04 23:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/stock-market-rally-holds-ground-amid-mideast-fears-tesla-nvidia-nike/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market rally gave up ground as Iran fired nearly 200 ballistic missiles vs. Israel, which has said it will retaliate. The major indexes retreated but held some key levels. Nvidia (NVDA) rose...</p>\n\n<a href=\"https://www.investors.com/news/stock-market-rally-holds-ground-amid-mideast-fears-tesla-nvidia-nike/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AYI","symbol_name":"Acuity Brands Inc","start_time":0,"source_url":"https://www.investors.com/news/stock-market-rally-holds-ground-amid-mideast-fears-tesla-nvidia-nike/","article_id":"2472961877","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2019/02/VIDEO-IBDDIFF-NYSE-020819-shutter-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472961877","pubTimestamp":1728056142,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"The stock market rally largely held its ground amid rising Mideast fears. Tesla and Nike fell on news while Nvidia rose for the week.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AYI":"Acuity Brands Inc","SPXU":"三倍做空标普500ETF","SATS":"回声星通信","TPG.AU":"TPG TELECOM LTD","3NVD.UK":"LS 3X NVIDIA","OEF":"标普100指数ETF-iShares","T":"美国电话电报","RCL":"皇家加勒比邮轮","L":"洛斯公司","CCL.AU":"Coca-Cola Amatil","RCL.AU":"READCLOUD LTD","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","TPG":"TPG, Inc.","GM":"通用汽车","NVDA":"英伟达","VOO":"Vanguard标普500ETF","SDS":"两倍做空标普500ETF","ULCC":"Frontier Group Holdings, Inc.","HUM.AU":"HUMM GROUP LTD","CALM":"Cal-Maine Foods","TM":"丰田汽车","AYI.AU":"A1 INVESTMENTS & RESOURCES L","SAVE":"Spirit Airlines","F":"福特汽车","VIK":"Viking Holdings Ltd.","CCL":"嘉年华邮轮","TSLA":"特斯拉","BYDDF":"BYD Co., Ltd.","APO":"阿波罗全球管理","NKE":"耐克","TSLL":"Direxion Daily TSLA Bull 2X Shares","SH":"标普500反向ETF","HUM":"哈门那","OEX":"标普100","SAVE.AU":"PINNACLE ASHARES GB DYN INC","SSO":"两倍做多标普500ETF","03160":"华夏日股对冲","2NVD.UK":"2X NVIDIA ETP"},"translate_title":"在中东担忧中，股市上涨；特斯拉、英伟达、耐克成为焦点：每周回顾","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GM":1,"TPG":1,"SAVE.AU":1,"SAVE":1,"SATS":1,"RCL.AU":1,"RCL":1,"TPG.AU":1,"TSLL":1,"HUM.AU":1,"HUM":1,"ULCC":1,"F":1,"TM":1,"CCL.AU":1,"CCL":1,"CALM":1,"BYDDF":1,"AYI.AU":1,"AYI":1,"APO":1,"VIK":1,"T":1,"NVDA":0.9,"TSLA":0.9,"NKE":0.8,"SPY":0.72,"VOO":0.72,"UPRO":0.6,"OEX":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"03160":0.6,"OEF":0.6,"L":0.6,"ESmain":0.6,"EVS.SI":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"The stock market rally gave up ground as Iran fired nearly 200 ballistic missiles vs. Israel, which has said it will retaliate. The major indexes retreated but held some key levels. Nvidia (NVDA) rose as CEO Jensen Huang cited \"insane\" demand for the next-generation Blackwell AI chips. Tesla (TSLA) fell after deliveries failed to meet whisper numbers. Nike (NKE) tumbled on mixed results and pulled guidance. Defense stocks rallied on the conflict. Oil prices soared, lifting energy stocks.\nJobs growth came in strong, adding to data signaling the economy is on track for a soft landing or better.\n\n\n\n↑\nX\n\n\n\n\nAre These Stocks Set To Outperform The S&P 500? Earnings May Decide.\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nAre These Stocks Set To Outperform The S&P 500? Earnings May Decide.\n\n\n\n\nStock Market Falls On Mideast Fears\nThe major indexes fell modestly in the latest week, but held key levels with the Dow Jones and S&P 500 still near record highs. Defense and energy stocks were winners due to Mideast fears, with crude oil skyrocketing. But an East Coast ports strike came and went, avoiding major economic disruptions. Strong economic data is pricing out another big rate cut. Treasury yields are running back.\nJobs Data Quells Economic Fears\nFriday's September jobs report appears to be a game-changer, bringing an abrupt end to concerns about heightened downside risk to the labor market that prompted the Fed's big rate cut on Sept. 18. Employers added 254,000 jobs, blowing past economists' 132,500 forecast, while the private sector's 223,000 job gain topped estimates by nearly 100,000. July and August jobs were revised up by 72,000 combined. Meanwhile, the unemployment rate backed down to 4.05%, after touching 4.3% in August, and 12-month wage growth firmed back up to 4%, after falling as low as 3.6% in July. ISM reports showed that while factory activity continued to contract in September, the service sector shifted into higher gear. S&P Global raised its tracking estimate for Q3 GDP growth to 2.8% on Friday. Markets have largely priced out a big Fed rate cut.\nTesla Deliveries Fail To Wow\nThe EV giant delivered 462,890 EVs in Q3, up 6% vs. a year earlier and in line with various estimates. But it was below whisper numbers of 465,000-470,000, or higher. Q3 deliveries were fueled by solid China sales, which tend to be low margin. Also, Tesla (TSLA) said it deployed 6.9 gigawatt-hours (GWh) of energy storage products in Q3, down from 9.4 GWh in Q2, but up more than 70% compared to a year ago. Meanwhile, Tesla began taking orders for cheaper non-Foundation Series Cybertrucks. The dual-motor Cybertruck costs $79,990, making it eligible for $7,500 IRA tax credits. The tri-motor Cyberbeast begins at $99,990.\nChina EV Sales Records\nEV makers in China set delivery records for the third quarter, as new models, subsidies, discounts and more affordable options have stoked demand. EV and battery giant BYD (BYDDF) sales hit 1.135 million, up 15% vs. Q2, led by plug-in hybrids. BYD sold 419,426 in September. Among startups, Li Auto (LI) led with more than 53,000 in September. Nio (NIO), XPeng (XPEV) and Zeekr (ZK) delivered more than 21,000 EVs in September. XPeng's Mo3 from its new Mona sub-brand, accounted for more than half the EV maker's sales. The L60, from Nio's new affordable Onvo brand, will ramp up in earnest in the current quarter. Hopes are high for that Model Y rival, which undercuts Tesla's bestseller in price. Electric cars now account for more than half new car sales in China, as a bitter price war rages on.\nGM Leads U.S. Market Amid EV Gains\nIn the U.S., General Motors (GM) delivered 659,601 new vehicles in Q3, though sales were down 2%. Toyota (TM) sold 542,872 vehicles, down 8%. Ford Motor (F) grew sales 1%, bucking a 2% decline for the overall industry. In Q2, Ford grew EV sales 12% and hybrid sales 38%. That offset a 3% slump for combustion-engine vehicles, which still account for most of its sales. But GM overtook Ford in the EV race for the first time as the low-cost Equinox led a Q3 surge. GM is now a distant second to Tesla in U.S. EV sales. Investors are likely to learn more about GM's EV strategy at its investor day on Tuesday.\nCarnival Beats, But Rivals Rise\nCarnival (CCL) reported fiscal Q3 EPS rose 48% with revenue up 15% to $7.89 billion, both modestly beating, though revenue growth continues to slow. Carnival's advanced booked position for 2025 is already ahead of 2024's record, with higher prices than last year. The cruise line operator sees adjusted EBITDA increasing around 40% to $6 billion for the year, up from its prior guidance of $5.83 billion. However, Carnival stock fell modestly, backing off a buy point. Royal Caribbean (RCL) rose within a buy zone while Viking Holdings (VIK) flashed buy signals.\nNike Tumbles On Weak Sales, Pulled Guidance\nFiscal Q1 EPS fell 26%, beating views, but sales slumped 10% to $11.6 billion, slightly missing. on Tuesday posted Q1 2025 earnings of 70 cents per share on $11.6 billion in revenue. Nike Direct revenue declined 13%, driven by a 20% decrease in Nike brand digital sales. Softness continues to persist in North America and China, which saw geographic revenue decline 11% and 3%, respectively. Nike (NKE) withdrew its full-year 2025 guidance and postponed its investor day due to its transitional period to incoming CEO Elliott Hill, who will take over for John Donahoe on Oct. 14. Instead, Nike will release quarterly outlooks and expects Q2 revenue down 8% to 10%. Shares tumbled.\nNews In Brief\nNvidia (NVDA) rose as CEO Jensen Huang cited \"insane\" demand for the next-generation Blackwell AI chips. He also said Blackwell production is in full swing.\nAcuity Brands (AYI) reported better-than-expected fiscal fourth-quarter earnings and revenue, with profit growing 8% compared to a year ago. The company guided to modest EPS and sales growth in fiscal 2025. Shares soared.\nHumana (HUM) plunged after disclosing that just 25% of its Medicare Advantage plans for 2025 will get four quality stars or above from the Centers for Medicare and Medicaid Services, down from 94% in 2024. That will affect payments.\nApollo Global (APO) said at its investor day that it's ahead of, or on track to hit, 2026 targets set at last year's investor day. It set new five-year targets.\nAT&T (T) agreed to sell its remaining 70% stake in DirecTV for about $7.6 billion to private equity firm TPG (TPG), which then acquired Dish TV and the streaming service Sling TV from EchoStar (SATS). TPG will pay just $1, but assume $9.8 billion in debt. A variety of U.S. regulatory agencies must sign off on the DirecTV-Dish merger. The FCC blocked a merger between the two satellite TV providers in 2002. AT&T acquired DirecTV for $48.5 billion in 2014.\nCal-Maine (CALM) earnings skyrocketed, though they missed Q1 2025 views. Revenue jumped 71% as egg prices soared as a bird flu outbreak cut into egg supplies. The nation's largest egg producer is recovering from a tough fiscal 2024, which saw avian flu decimate its flocks. Shares jumped to a new high.\nSpirit Airlines (SAVE) dived as the ultra-low-cost carrier reportedly is mulling a bankruptcy. Spirit hasn't turned a profit in several years. Earlier this year, a federal judge, siding with antitrust regulators, blocked a Spirit merger with Frontier Airlines (ULCC), saying that would hurt competition.\nYOU MAY ALSO LIKE:\nWhy This IBD Tool Simplifies The Search For Top Stocks\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nNvidia Is No Longer The Top S&P 500 Stock In 2024. Meet The New King.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472961877"}