Commodities & Agriculture:
- Brent crude was up 64 cents, or +0.7%, to $89.50 per barrel after gaining more than 4% in the previous session. U.S. crude futures rose 46 cents, or +0.6%, to $84.09 a barrel, having gained more than 5% in the previous session.
- Dutch front-month gas, a benchmark for Europe, fell 4.7% to 162 euros a megawatt-hour. It declined 10% on Monday.
Forex:
- The Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.5% to 111.145, dropping to a two-week low.
During Market hours on Yesterday (Monday – 03.10.2022):
- The Dow (Symbol: DIA) went up +2.61%. The S&P 500 (Symbol: SPY) gained +2.64%. and the Nasdaq (Symbol: QQQ) rose +2.35%.
- Credit Suisse (Symbol: CS) — Shares of Credit Suisse rose +2.3%, reversing an earlier slump that sent the stock to a record low, after the bank over the weekend made a series of calls to calm investor fears about its financial health. In addition, the cost to insure the bank’s debt against default jumped to a new high.
- Tesla (Symbol: TSLA) — Tesla shares dropped -8.61% after the electric vehicle maker said it delivered 343,000 vehicles in the third quarter, less than analysts expected. However, Wall Street analysts were divided over the report.
- Peloton (Symbol: PTON) — Peloton shares rose more than +7.79% after the exercise-equipment company announced it will put bikes in all 5,400 Hilton-branded hotels in the U.S.
- Roblox (Symbol: RBLX) — Shares of the gaming platform gained +1.59%. Roblox fell earlier in the day after MoffettNathanson initiated coverage with an underperform rating. The Wall Street firm said it’s too soon to tell whether Roblox will ever meet its metaverse ambitions.
- Wells Fargo (Symbol: WFC) — Wells Fargo’s stock gained +3.38% after Goldman Sachs upgraded the bank to a buy rating from neutral and said investors are underappreciating its potential.
- DocuSign (Symbol: DOCU) — DocuSign slid -1.01% after being downgraded by Morgan Stanley to underweight from equal weight, citing pricing pressure.
During Premarket hours today (Tuesday – 04.10.2022):
- Rivian (Symbol: RIVN) — Rivian’s stock rallied +9.3% after the electric vehicle maker announced that third-quarter production rose 67% from the second quarter. The company also noted it’s on track to meet its production goals for the year.
- Domino’s Pizza (Symbol: DPZ) — Shares of the quick-service pizza restaurant ticked +3.3% higher in the premarket as UBS upgraded the stock to a buy rating and said concerns of slowing demand for pizza are overblown.
- Credit Suisse (Symbol: CS) — Shares of Credit Suisse, which were volatile during Monday’s trading, gained about +4% in the premarket. A report over the weekend said the lender is in discussions with major investors as concerns mount over the bank’s financial wellbeing.
- Tesla (Symbol: TSLA) — Tesla shares rose more than +3% in the premarket, regaining some of the sharp losses seen in the previous session. The electric car maker’s stock on Monday dropped more than 8% for its biggest one-day drop since June 3. The move came after Tesla reported disappointing third-quarter delivery numbers.
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