The Daily

Citi Head of U.S. Equity Trading Strategy Stuart Kaiser discusses the Federal Reserve’s strategy to anchor inflation expectations. Kaiser explains why the Fed is working to avoid a 1980s-style high inflation environment.

Stuart Kaiser warns that Federal Reserve interest rate decisions are focused on anchoring long-term inflation expectations to avoid a 1980s-style cycle.

 » Read more about: Federal Reserve aims to avoid 1980s-style inflation, Stuart Kaiser warns  »

 » Read more about: 4 Value Stocks to Buy as Markets Eye Federal Reserve's Next Move  »

Key Points

• Geely agreed to contribute its commercial battery-swap business and some cash to acquire a 30% stake in Nio Power.

• Investors have long questioned Nio’s battery-swap network and its ability to contribute to profitability.

• Nio’s “other sales”

 » Read more about: To Make Investors Rich, Nio Will Need to Steal From Tesla's Playbook  »

The stock market is pretty much being kept afloat by three tech stocks.

The S&P 500 (^GSPC) has never been more concentrated in just three stocks than it is today, with Nvidia (NVDA), Apple (AAPL),

 » Read more about: Nvidia, Apple, and Microsoft are keeping the stock market afloat  »

The artificial intelligence boom keeps rolling, sending stocks to record highs: The S&P 500 rose 0.7% on Tuesday and hit 7,830 points, an all-time high and its first intraday record high in almost two months.

The S&P 500 would need to end the day with a gain of roughly 0.3% to officially close at its first record high since August 13.

 » Read more about: US stocks hit record high, shrugging off bond market turmoil  »

TLDR

• Cathie Wood’s ARK Invest sold 90,713 shares of Twist Bioscience worth about $17.1 million on October 5, 2026.
• ARK bought 1,482,357 shares of Recursion Pharmaceuticals worth about $6.1 million.
• ARK purchased 96,308 shares of Intellia Therapeutics valued at about $1.18 million.

 » Read more about: Cathie Wood’s ARK Sells Twist Bioscience Shares, Buys Recursion and Intellia  »

 » Read more about: What Happens to Your SSDI When You Reach Social Security Age?  »

 » Read more about: Warren Buffett's Net Worth Has Dropped $8.3 Billion This Year as Berkshire Hathaway Stock Lags  »

The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor Statistics data showed Friday.

The latest jobs report – and the final official employment snapshot before the midterm elections – also showed that recent months’ hiring was weaker than previously thought and that wage growth slowed,

 » Read more about: The US economy added just 29,000 jobs last month and the unemployment rate ticked up to 4.2%  »

TLDR

• Tesla stock rose about 2% in early Tuesday trading, extending a three-day rally that has added roughly 8% to shares.
• SpaceX stock jumped even harder, up about 17% over the same three-day stretch.
• Wall Street widely expects Tesla and SpaceX to merge eventually,

 » Read more about: Why Tesla (TSLA) Stock Keeps Rising With SpaceX  »