To The Moon

U.S. Stocks and Bonds Rebound

🇺🇸 S&P 500 Index: 0.21%

🇺🇸 Nasdaq: 0.76%

🇪🇺 STOXX 600 Index: 0.03%

🇯🇵 Nikkei 225 Index: 0.10%

🇭🇰 Hang Seng Index: -1.30%

🇨🇳 CSI 300 Index: -1.11%

🇸🇬 Straits Times Index: 0.12%

Global stock markets edged higher, with the S&P and Nasdaq up 0.2% and 0.8%, respectively, partly driven by Tesla's stock surge of 22% due to strong earnings.

Chinese stock markets declined, with the Hang Seng Index and CSI 300 Index falling by -1.3% and -1.1%, respectively, influenced by waning sentiment towards state-owned enterprises.

Upcoming Events:

At the end of this week, we will see the announcement of China's one-year medium-term lending facility rate on Friday and Japan's elections on Sunday.

Things to Know Today:

1. Tesla's $Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 1.5X Shares(TSLL)$  stock surged after the electric vehicle manufacturer announced profit increases, driven by rising vehicle sales and reduced costs, helping to offset the impact of falling car prices.

Tesla soared

2. South Korea's SK Hynix $SK Hynix, Inc.(HXSCL)$   reported record quarterly profits, fueled by strong sales of advanced chips like high-bandwidth memory (HBM), which are used in generative AI chipsets supplied to Nvidia $NVIDIA Corp(NVDA)$ .

SK Hynix

3. Nvidia Corp.'s Jensen Huang is forming alliances with major Indian companies, including Reliance Industries Ltd. and Infosys Ltd., highlighting the importance of the world's most populous country for the future of AI leadership.

Jensen Huang

4. Barclays $BARCLAYS(BARC.UK)$  reported a loss of £85 million in its leveraged finance portfolio for the third quarter, citing challenges in divesting certain debt holdings.

Barclays

5. Four Southeast Asian countries—Malaysia, Indonesia, Vietnam, and Thailand—have become partner countries of the BRICS, a group of emerging economies seen as a counterbalance to Western powers.

BRICS

Key Takeaways:

Despite potential market volatility as we enter earnings season and approach the November elections, the long-term outlook for the market remains solid.

@Daily_Discussion  @TigerStars  @Tiger_comments  @TigerGPT