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Bending Spoons stock has staged a strong comeback in the past three days, moving from this month’s low of $31.5 to the current $41. This rebound happened as investors bought the dip and after the company secured funding for its Miro acquisition. This article looks at whether BSP is a good stock to buy.
Bending Spoons’ growth is accelerating
Bending Spoons is a newly listed technology company whose business approach is buying technology companies that have fallen out of favor among users and improving them.
Over the years, it has acquired companies like Evernote, AOL, Vimeo, WeTransfer, Meetup, and Eventbrite. Its other acquisitions are companies like Brightcove, Airtable, and Streamyard. Most recently, it announced that it would acquire Miro, a company in the artificial intelligence industry. It has spent nearly $6 billion making 15 acquisitions since its starting in 2023.
The company always works to improve the products it acquires. For example, it released over 70 product improvements across AOL, Eventbrite, and Vimeo in the second quarter of the year. It has identified over 1,000 companies that it believes are attractive acquisition targets.
READ MORE: Why Skydance shares are falling despite Warner Bros. deal completion
Its recent results showed that its revenue jumped by 126% in the quarter to $704 million. This growth, however, was mostly driven by its new acquisitions that happened during the year.
Its operating income rose by 139% to $240 million, meaning that its operating margin jumped to 54%. The management believes that its growth will continue in the coming years as it works on the existing companies. Also, it believes that it can leverage the use of AI to reduce its costs.
The expectation is that its third-quarter revenue will be between $733 million and $745 million, representing a 113% annual growth rate. Its operating income is expected to be between $380 million and $400 million. For the year, it expects that its revenue will be between $2.78 billion and $2.82 billion.
Bending Spoons faces some major risks
The company faces two main challenges. First, it now needs to continue its acquisition trajectory to continue, a move that will require substantial cash. In a recent presentation, the management said that its gross debt jumped to over $5.9 billion, with the net figure rising to $5.4 billion. This debt growth will continue in the longer term.
Second, the company will likely start diluting its shareholders by using its equity to fund these acquisitions. In a statement, Lucca Ferrari, the co-founder and CEO said:
“As a public company, we now have access to a broader range of financing sources. We’ll select among those sources carefully, remaining focused on the objectives of maximizing long-term shareholder returns while keeping a prudent risk profile.”
Third, and most importantly, turning around some of these companies will not be easy. Indeed, history shows that most mergers and acquisitions don’t generate the returns that management predicts. As such, in the future, there is a likelihood that the company will be forced to have some big write-downs. Therefore, while the stock may continue recovering, there is a risk that these challenges will derail it.
READ MORE: Tilray Brands stock analysis ahead of earnings: will it rebound or fall further?
The post Is Bending Spoons a good stock to buy today? appeared first on Invezz
The lazy reading of Tuesday’s tape is that Astera Labs, Nebius and CoreWeave each signed something new. They did not. Astera Labs closed Tuesday, 6 October 2026, at $389.80, up 7.58 percent from Monday’s $362.34. Nebius closed at $249.87, up 7.44 percent from $232.57. CoreWeave closed at $91.72, up 4.95 percent from $87.39. Cisco, checked on the same Nasdaq file, closed at $117.94, up 4.54 percent. Nasdaq’s historical table and the StockAnalysis series saved for this piece print the same three closes. The Nasdaq Composite finished at 27,599.89, up 0.45 percent, and Nvidia at $239.24, up 0.14 percent, while the VanEck Semiconductor ETF closed at $632.50, down 0.22 percent. The bid sat in connectivity and rented compute. Astera’s only company document that day, time-stamped 20:05 UTC, set a 3 November call and landed five minutes after the cash close.
Key facts
- Tuesday 6 October 2026 regular-session closes: Astera Labs (Nasdaq: ALAB) $389.80, up 7.58 percent from Monday’s $362.34; Nebius (Nasdaq: NBIS) $249.87, up 7.44 percent from $232.57; CoreWeave (Nasdaq: CRWV) $91.72, up 4.95 percent from $87.39. Source: Nasdaq historical prices, cross-checked to StockAnalysis on 7 October 2026.
- Tuesday Nasdaq volume: Astera 6,516,141 shares against Monday’s 3,256,927; Nebius 21,419,220 against 15,066,750; CoreWeave 32,051,320 against 18,240,600. Astera’s volume doubled. CoreWeave’s rose 1.76 times. Nebius’s rose 1.42 times.
- Astera’s GlobeNewswire item, 20:05 UTC on 6 October, said third-quarter results will come after the close on 3 November, with a call at 1:30 p.m. Pacific. No revenue, customer, or price was in it. Source: the release text on Yahoo Finance.
- Astera’s last figures are from 4 August 2026. Second-quarter revenue was $392.4 million, up 27 percent sequentially and 104 percent year over year. The third-quarter revenue outlook was $540 million to $560 million. Source: Exhibit 99.1 to the 4 August 8-K.
- Nebius acquired Inferize on 1 October and did not disclose terms. The stock closed that day at $232.28, down 1.53 percent. June-quarter AI-cloud revenue was $574.9 million, against $93.7 million a year earlier. Sources: the 1 October 6-K exhibit and the 12 August operating review.
- Chief operating officer Ophir Nave sold 500,000 Class A shares on 5 October under a Rule 10b5-1 plan adopted 22 May 2026, at prices from $231.12 to $243.50. The share-weighted sum is $117,765,467.66. EDGAR accepted the Form 4 at 16:17:38 on 6 October, after the close. Source: Form 4.
- CoreWeave’s quarter ended 30 June 2026 shows revenue of $2.575 billion and interest expense, net, of $640 million. Unsatisfied remaining performance obligations were $103.7 billion. Commitments were 98 percent of revenue. Source: the 10-Q filed 12 August 2026. No CoreWeave 8-K appears between 22 September and 7 October.
- Cisco closed Tuesday at $117.94, up 4.54 percent from $112.82. Ciena closed at $443.65, up 13.85 percent. Arista closed at $215.36, up 4.09 percent. Marvell closed at $287.01, up 5.81 percent. The S&P 500 ETF closed at $779.09, up 0.55 percent. Same Nasdaq file.
What moved, and why the obvious reading is incomplete
The closes used here are Tuesday’s official prints. Wednesday’s US session had not opened when they were taken. A 7 percent day in two of these names, and a 5 percent day in the third, looks like news. The calendar does not cooperate. Astera’s release did not exist during the cash session. Nebius’s only October corporate announcement was already five days old, and the stock fell the day it was made. CoreWeave’s last 8-K in the search used here is dated 22 September.
Marvell, which did have a company event on Tuesday morning, closed at $287.01, up 5.81 percent. FinanceFeeds covered that investor day separately. Astera, with no fresh number while the market was open, rose more than Marvell. If the market were paying for a new document, the name with the document would not be the smaller move.
Nvidia, the GPU supplier the neoclouds rent, rose 34 cents. The semiconductor ETF fell. A sympathy bid that leaves the GPU name flat and the chip ETF down is a sleeve trade, not a sector rally. Inside the sleeve the dispersion is the point. Ciena’s 13.85 percent was about three times Cisco’s 4.54 percent. The optical case is already written. Arista rose 4.09 percent to $215.36, in line with Cisco, not with Ciena. Broadcom rose 3.67 percent to $375.81.
A 24/7 Wall St. note at 16:56 UTC called the bid AI networking and used midday prints, including Cisco at $115.83. The official Cisco close was $117.94. The same recap had Nebius at $254 and CoreWeave at $90.76. The closes were $249.87 and $91.72. Oracle’s close was $144.77, up 1.61 percent, not the afternoon 3 percent at $146.28.
The path inside the day also argues against one headline. Astera opened at $376.10, hit $401.74, fell to $371.83, and closed at $389.80, $11.94 under the high. Nebius opened at $237.22, 2.0 percent above Monday, with a low of $237.00, and finished at $249.87 after a high of $255.10. CoreWeave’s open and low were both $88.60, $1.21 above Monday’s $87.39, and the close was $91.72 after a high of $93.21. Both neoclouds gapped and held. Neither printed a release to justify the gap.
What the companies actually said, and where they were silent
Astera’s Tuesday text is a scheduling notice from San Jose. Results come after the close on 3 November. The call is at 1:30 p.m. Pacific. The hosts are Jitendra Mohan, chief executive, Sanjay Gajendra, president and chief operating officer, and Des Lynch, chief financial officer. EDGAR shows no Astera 8-K from 1 September through 7 October. The last 8-K is the 4 August earnings filing.
“We expect momentum to accelerate in Q3 as Scorpio fabric switches become our largest product family, one quarter ahead of our prior expectations,” Mohan said in that 4 August exhibit. June revenue was $392.4 million. GAAP gross margin was 73.3 percent, GAAP operating income was $89.2 million, and GAAP diluted earnings were $0.83. The outlook was revenue of $540 million to $560 million and non-GAAP diluted earnings of about $1.16 to $1.21, on about 185 million diluted shares. The midpoint, $550 million, is 40.2 percent above the June quarter. Tuesday did not change a line of it.
Tuesday’s $389.80 is also not a high. The highest Nasdaq close in the year saved here is $483.02 on 30 June, and Tuesday is 19.3 percent under it. From the 2 January close of $179.56 the stock is up 117.1 percent. The 4 August close was $361.67. Tuesday is 7.8 percent above that earnings-day print, which is almost the same size as Tuesday’s own move, on no new guide.
Nebius did speak in October, just not on Tuesday. The 1 October exhibit says Inferize shortens the time needed to launch and scale large AI models. The firm was founded in January 2026 and had a prototype within three months. Terms were not disclosed. Danila Shtan, chief technology officer, said: “Running inference well takes more than fast GPUs and optimized models. The whole system needs to respond when demand changes, including how quickly additional capacity is ready to serve customers.” Guy Bortnikov, Inferize’s co-founder and chief executive, said: “Keeping spare GPUs running is the price of being ready for demand. Removing that cost is what we built Inferize to do, and Nebius is where it can go straight into the platform.”
Both sentences are in the 6-K exhibit. A Yahoo Finance recap at 17:57 UTC on Tuesday moved Shtan’s sentence to 4 October. The dateline is 1 October. The close that day was $232.28, down from $235.88. Tuesday’s $249.87 is a high for the week, not the announcement-day reaction, and not a price on Inferize.
The 12 August review is the last dollar figure on the cloud. Total revenue rose from $105.1 million to $582.3 million. AI-cloud revenue rose from $93.7 million to $574.9 million, an increase of $481.2 million, or 514 percent. At 30 June, cash was $8,042.1 million, property and equipment net was $13,045.2 million, current debt was $46.7 million and non-current debt was $8,499.0 million. The hardware is larger than the cash. The 12 August close was $259.20, still above Tuesday, and Tuesday is 12.8 percent under the 18 June high of $286.69. From 2 January’s $89.95 the stock is up 177.8 percent. A 28 September FinanceFeeds piece set a $320 bull and a $122 bear. Tuesday sits between those cases. This article does not replace them.
What did reach EDGAR on Tuesday was an insider sale, and it arrived late. Ophir Nave, chief operating officer and a director, reported twelve sales dated 5 October, totaling 500,000 Class A shares. The direct holding fell from 954,685 shares to 454,685, which is 52.4 percent of that balance. The footnote uses a different denominator: settled restricted units equal to about 17 percent of his granted equity, sold under a 10b5-1 plan adopted 22 May 2026, with no further sales under that plan. Every price sits inside Monday’s range of $230.51 to $244.49. The proceeds are $117,765,467.66, an average of $235.53, below Tuesday’s close. Acceptance was 16:17:38 Eastern, seventeen minutes after the cash close.
CoreWeave’s silence is the filing record. An EDGAR search for its 8-Ks from 20 September through 7 October returns the 22 September report and then other issuers. The June quarter is still the last set of figures, and TheStreet’s account of Mike Intrator came later. That piece, time-stamped 02:17 UTC on 7 October, says the chief executive told Bloomberg the company is still mostly sold out, and it quotes him: “Moratoriums do not alter the demand for compute.” It also says Forge was shown in San Francisco on 30 September. Those are reported remarks. They are not a Tuesday 8-K, and they did not add a dollar to the June backlog.
The tape and the filings
The comparison that matters is Tuesday’s official close against the last company document, not against a midday headline. Changes are from the prior Nasdaq close.
| Name | Tuesday close | Change | Monday | Last company document used here |
|---|---|---|---|---|
| Astera Labs | $389.80 | +7.58 percent | $362.34 | Call notice at 20:05 UTC. Prior figures: 4 August 8-K. |
| Nebius | $249.87 | +7.44 percent | $232.57 | Inferize 6-K on 1 October. Form 4 accepted after Tuesday’s close. |
| CoreWeave | $91.72 | +4.95 percent | $87.39 | 10-Q filed 12 August. Last 8-K found: 22 September. |
| Cisco | $117.94 | +4.54 percent | $112.82 | No Tuesday Cisco release used here. The optical print is Ciena’s. |
| Nvidia | $239.24 | +0.14 percent | $238.90 | Not this article’s subject. The flat close is the contrast. |
| Semiconductor ETF | $632.50 | -0.22 percent | $633.90 | Down on a day the sleeve was up. |
CoreWeave is the odd row. From the 2 January close of $79.32 the stock is up 15.6 percent, and Tuesday’s $91.72 is 35.9 percent under the 9 October 2025 high of $143.08, and under the 12 August close of $107.73. Astera and Nebius are having large years. CoreWeave had a large day.
The constraint under the rally
For CoreWeave the constraint is interest and concentration, both in the 10-Q. June-quarter revenue was $2.575 billion, against $1.212 billion a year earlier. Interest expense, net, was $640 million, against $267 million. On those two 2026 lines, interest equals 24.9 percent of revenue. The debt footnote is a different total: contractual interest of $592 million, amortization of $45 million, and capitalized interest of $79 million, or $558 million of interest on debt obligations. Future principal payments summed to $35.551 billion. Purchases of property and equipment, including capitalized software, were $14.117 billion in the six months, against $3.860 billion in the 2025 column.
The backlog is why a day with no new contract can still reprice the equity, and why that repricing is not new information. Commitments were 98 percent of revenue in the June quarter and in the half, in both 2026 and 2025. Unsatisfied remaining performance obligations were $103.7 billion at 30 June: 41 percent expected over the 24 months ending 30 June 2028, 39 percent in months 25 to 48, and the rest in months 49 to 78. Deferred revenue was $9.7 billion, against $8.2 billion at 31 December 2025. Nothing filed on 6 October added a dollar to the $103.7 billion.
Concentration is the other line a sympathy bid does not fix. In the quarter, Customer A was 36 percent of revenue, Customer B 26 percent and Customer C 10 percent. In the half, A was 40 percent and B was 23 percent. At 30 June, A and B were each 32 percent of receivables. The 10-Q does not name them in that passage. An August FinanceFeeds case put a $192 bull, a $113 base and a $47 bear on the shares. Tuesday’s $91.72 is a close under that published base, not a revision of the page.
Astera’s constraint is the August guide. Holders were already told to expect Scorpio to become the largest family in the September quarter, and to expect revenue of $540 million to $560 million, with gross margin around 72 percent against June’s GAAP 73.3 percent. The shares are 19.3 percent under the 30 June close. Tuesday paid up versus Monday. It did not receive a new number.
Cisco’s $117.94 close lines up with Arista’s 4.09 percent, not Ciena’s 13.85 percent, and it is 9.3 percent under the 4 June high close of $130.00. From the 2 January close of $76.04 the stock is up 55.1 percent. The volume was 21,037,890 shares. This article does not borrow the optical piece.
What happens next
Three documents matter. None of them is a price target.
On 3 November, after the close, Astera reports and takes questions at 4:30 p.m. Eastern. The only bar on the books is the August range, revenue of $540 million to $560 million and non-GAAP earnings of about $1.16 to $1.21. A print inside that range confirms a guide that was 63 days old on Tuesday. It does not explain a 7.58 percent day that happened before the scheduling notice. A print outside the range would show the premium had no new contract under it. Either result follows from a date the company has already set.
Nebius’s next 6-K is the test for Inferize and for capacity. The October exhibit left the terms blank and listed access to capital among the risks. Until a later filing puts a dollar on the deal or on contracts beyond the June cloud revenue of $574.9 million, those remain the company facts, next to $13.0 billion of net property and equipment. The footnote says the 10b5-1 plan is done. Another sale would be a new form. Tuesday’s $249.87 is the price paid without that next document.
CoreWeave has not, in the 8-Ks found through 7 October, dated its next report. The test is mechanical. Interest expense, net, was 24.9 percent of June revenue, property purchases were $14.117 billion in the half, and two customers were 36 percent and 26 percent of revenue. If the next report shows the interest line still climbing with the build, Tuesday was a sleeve trade on an unchanged credit picture. If the customer list widens, the concentration objection shrinks. Neither was knowable from the tape. This is not financial advice.
Frequently asked questions
Why did Astera Labs, Nebius and CoreWeave rise on Tuesday 6 October 2026?
Astera closed at $389.80, up 7.58 percent, Nebius at $249.87, up 7.44 percent, and CoreWeave at $91.72, up 4.95 percent. No fresh contract showed up in EDGAR during the cash session. The semiconductor ETF fell 0.22 percent and Nvidia rose 0.14 percent, so the move was connectivity and rented compute, not a chip-sector rally. Marvell, which had an investor day, rose less than Astera.
Did Astera Labs report earnings on Tuesday?
No. At 20:05 UTC, after the 16:00 Eastern close, Astera said it will report the third quarter after the close on 3 November and hold a call at 4:30 p.m. Eastern. The release named Mohan, Gajendra and Lynch. It gave no revenue. The last figures are the 4 August exhibit: $392.4 million of June revenue and a third-quarter outlook of $540 million to $560 million.
Was the Inferize deal a Tuesday announcement?
No. Nebius filed the acquisition on 1 October and did not disclose terms. The stock closed that day at $232.28, down 1.53 percent. Shtan said running inference takes more than fast GPUs and optimized models. A Tuesday recap dated that sentence 4 October and used an intraday price of $254. The official Tuesday close was $249.87.
Did CoreWeave sign a new customer contract on Tuesday?
No CoreWeave 8-K turned up in an EDGAR search from 20 September through 7 October. The last figures used here are from the 10-Q filed 12 August: June revenue of $2.575 billion, interest expense, net, of $640 million, and $103.7 billion of unsatisfied obligations. Commitments were 98 percent of revenue. Tuesday’s 4.95 percent move did not add to that backlog.
How did Cisco trade, and is this the Ciena article?
Cisco closed at $117.94, up 4.54 percent from $112.82. Arista rose 4.09 percent to $215.36. Ciena rose 13.85 percent to $443.65, and that move has its own FinanceFeeds piece. Cisco’s gain lines up with the other switching name, not with optical transport. The highest Cisco close in the saved year is still $130.00, on 4 June.
Did Tuesday set a new high for these three?
No. Astera’s highest close in the saved Nasdaq year is $483.02 on 30 June, and Tuesday is 19.3 percent under it. Nebius’s high is $286.69 on 18 June, and Tuesday is 12.8 percent under it. CoreWeave’s high is $143.08 on 9 October 2025, and Tuesday’s $91.72 is 35.9 percent under it. The day was a sympathy rally inside those ranges.
You can’t fix a problem without admitting you have one.
Restaurant Brands International’s Burger King has done exactly that.
Burger King U.S. President Tom Curtis admitted that even he had lost his fandom of the restaurant chain. “Then I watched the brand as a non-guest, and I didn’t see any changes in the restaurant. So I was never inspired to go back for maybe 15 years,” he told Entrepreneur.
And yet, he also saw something else: People still wanted to love Burger King. “The brand had gotten old, tired, irrelevant,” he said. “But there was a latent love and nostalgia around the brand. People wanted to return to it. They just needed a reason.”
Burger King has been working on giving them that reason since launching its “Reclaim the Flame” program in 2022. It has also embraced the idea that, in addition to remodeling restaurants, it needed to address its food.
Burger King made major in-store changes
When “Reclaim the Flame” launched, Burger King had fallen below Wendy’s in systemwide sales, making it the number-three player with McDonald’s at the top of the burger space.
The company explained its progress in executing that program during its second-quarter earnings call.
“This plan includes investing up to $700 million through year-end 2028, comprised of advertising and digital investments and high-quality remodels and the ‘Royal Reset,’ which includes relocations, restaurant technology, kitchen equipment, and building enhancements,” the company shared.
As of June 30, 2026, Restaurant Brands International, Burger King’s parent company, has funded $194 million out of up to $550 million planned toward the Royal Reset investments.
CEO Joshua Kobza acknowledged that there’s a lot of work left to do.
“As much as we’ve made progress on image, we still have a lot of restaurants out there that aren’t modern image. So I think we still have a few years left of getting to that point we’ve all talked about, where almost every Burger King across America is a new, modern Burger King,” he said during the second-quarter earnings call.
Burger King fixes its food
Burger King’s current television commercials include ads where it admits that its chicken nuggets weren’t good enough. Kobza talked about the process of fixing them during Barclays 19th Annual Global Consumer Staples Conference on Sept. 9.
“We upgraded the quality of the product. It’s juicier, full white meat chicken. We improved the crispiness of the coating on the nugget,” he said.
The chain, however, did not stop at fixing the nugget.
“And also, importantly, everybody who loves nuggets knows that nuggets go well with sauces. So we’ve been on a journey to upgrade our sauces. It’s actually been a project that’s been going on for a few years,” Kobza added.
The CEO admitted that work remains.
“I still think there’s a long way to go. Burger King has improved, but it can be much, much better. We have a whole kind of calendar for a couple of years of further things that we want to do to elevate the menu… and that will take us a little bit of time to get through,” he shared.
Burger King is back to number two
Burger King is once again the second-largest burger chain in the U.S. by systemwide sales, according to CNBC.
Kobza talked about the chain’s performance during the Q2 earnings call.
“Burger King U.S. was a standout performer this quarter,” he said. “…Through the first half of 2026, we’ve delivered above algorithm same-store sales of 3.5% and organic adjusted operating income growth of 8.5%, along with nearly 14% adjusted EPS growth.”
Passing Wendy’s to sit behind McDonald’s is a milestone in Burger King’s comeback.
RTM Nexus CEO Dominick Miserandino thinks that the company deserves credit for patience and execution.
“Burger King’s turnaround is a good reminder that there usually isn’t one magic promotion that fixes a restaurant chain. They’ve been putting money into the stores, improving operations, fixing the menu and getting franchisees healthier,” he told TheStreet.
Making an impact, he added, takes time.
“Eventually the customer notices. The growth in same-store sales tells you they’re not just getting existing customers to spend more. They’re giving people a reason to consider Burger King again,” he said.
Related: After closing 60 stores, used car chain faces bankruptcy drop-dead date
Up 2-1 in the NLDS, the Los Angeles Dodgers look to book their ticket to the Championship Series as they send Tyler Glasnow to the mound against the Atlanta Braves in Game 4. Catch the action on Sportsnet ONE and Sportsnet+ at 6 p.m. ET / 3 p.m. PT.
US stocks ended higher on Tuesday, with the S&P 500 and Nasdaq Composite reaching record closing highs as technology stocks gained and Treasury yields eased from multi-year peaks.
The S&P 500 rose 0.60% to 7,820.47, while the Nasdaq Composite gained 0.46% to 27,604.74.
The Dow Jones Industrial Average advanced 0.49% to 51,531.57.
Falling Treasury yields and steadier oil prices helped ease some concerns that have weighed on markets in recent weeks.
AI stocks lead Wall Street higher
Chipmakers led gains as investors remained focused on the outlook for artificial intelligence and related infrastructure spending.
Marvell Technology climbed after the chip designer raised its 2028 revenue forecast, citing strong demand for data centre chips. AMD also advanced after CEO Lisa Su said the company plans to substantially increase chip supply in 2027 to meet growing AI demand.
Broadcom gained as the semiconductor sector continued to support the broader market. The Philadelphia Semiconductor Index also moved higher.
Other stocks advanced on company-specific developments.
Constellation Energy jumped after Alphabet entered into a 3,590-megawatt power deal with the company.
Option Care Health surged after McKesson and private equity firm Clayton Dubilier & Rice agreed to acquire the infusion therapy provider in a deal valued at about $5.8 billion, including debt.
Treasury yields ease as oil prices stabilize
The decline in Treasury yields provided additional support for equities. The 10-year Treasury yield fell more than four basis points to 5.262%, while the 30-year yield declined more than three basis points to 5.631%.
Both yields had reached levels not seen since 2002 on Monday.
Oil prices were little changed on Tuesday, helping reduce some concerns about energy-driven inflation. Brent crude settled 0.26% higher at $100.58 a barrel, while West Texas Intermediate futures rose 0.01% to $89.44.
Supply concerns have eased after the Group of Seven agreed to release emergency diesel and crude stockpiles.
Markets have also been monitoring oil prices because higher energy costs could contribute to broader inflation pressures.
Financial markets are now pricing in a lower probability of another Federal Reserve rate hike at the central bank’s next meeting.
Earnings season moves into focus
Investors are also turning their attention to the third-quarter earnings season, which begins next week. Several major financial companies are scheduled to report results next Tuesday.
Analysts expect aggregate S&P 500 earnings to rise 30.6% year over year in the July-to-September period, according to LSEG.
Energy earnings are expected to increase 114.7%, while technology earnings are forecast to rise 66.5%.
Markets are also awaiting the Federal Reserve’s September meeting minutes, due Wednesday.
The release could provide further insight into policymakers’ decision to raise interest rates and their outlook for future monetary policy.
The combination of strong AI-related investment, easing Treasury yields, and more stable oil prices has allowed investors to focus increasingly on corporate earnings and growth prospects.
The post S&P 500 hits record high as AI stocks rise and Treasury yields ease further appeared first on Invezz
The gold price traded at $4,172.87 an ounce at 13:46 GMT+1 on Tuesday, up $32.35 or 0.78% on the day, according to TradingView’s XAUUSD feed from OANDA. Trading Economics had spot at $4,166.79 and the World Gold Council’s ticker showed $4,169.48, so the feeds agree on direction if not on decimals.
A green session does little to the shape of the year. Bullion sits 25.3% below the $5,589.38 all-time high CBS News dates to 28 January 2026, a shortfall of $1,416.51 that would take a 34% rally to close. The gold price is also down 7.20% over the past month and 12.14% over six months.
Spot gold at $4,172.87 is down 3.99% year to date and sits 25.3% below the $5,589.38 high of 28 January 2026. Source: TradingViewHike Odds Have Fallen Hard Since Late September
Rate expectations have gone one way over the past week. CME FedWatch put the probability of no change at the 28 October FOMC meeting at 78.4% as of 07:35 CT on 6 October, with a hike to 4.00–4.25% at 21.6% and a cut at zero. One week earlier, on 29 September, those odds were almost evenly split, with a hike at 50.9% against 49.1% for no change. The hike probability has shed 29.3 percentage points in five trading sessions, and the gold price has barely moved across the same stretch.
September payrolls did the damage. The month delivered 29,000 jobs against roughly 90,000 expected, weak enough to take the October hike off the table that markets had been setting for weeks. Go back another month and it inverts again. On 4 September, FedWatch showed a 29.8% chance of a cut and 15.8% on a hike.
Hike odds peaked at 50.9% on 29 September, before the jobs report. Source: CME FedWatch · Chart: FinanceFeedsThe Dollar and the Long End Are Setting the Gold Price
Softer labor market data would normally lift bullion. It has not, because the part of the curve that matters to a metal paying no coupon has refused to follow short rates lower. CNBC reported the 10-year Treasury yield reaching a fresh 2002 high at the start of this week, and Trading Economics describes long-dated yields at 24-year peaks while noting that “a stronger dollar and surging Treasury yields outweighed support from softer US jobs data.”
The dollar has compounded it. The dollar index touched 101.61 on 1 October, a 14-week high, helped along by political and fiscal strain in the euro area. A firmer dollar makes bullion costlier for buyers outside the United States, which drags on the gold price from the demand side. Both forces drove the slide that pulled the gold price down from its August levels, and the same dynamic showed up in real yields at their highest in 17 years.
Investor Takeaway
Odds on an October Fed hike have fallen to 21.6% from 50.9% a week earlier, removing a headwind from gold without producing a rally in it.
Fund Holders Have Not Followed the Gold Price Down
The most striking number in the gold price story does not come from the price screen. World Gold Council data published on 9 September shows global gold-backed ETFs added US$18bn in August, the second-largest monthly inflow on record. Collective holdings rose 121 tonnes to 4,189 tonnes, the highest the WGC has recorded, and assets under management climbed 16% month on month to US$615bn.
The regional breakdown is just as one-sided. European funds took in US$7.9bn, the region’s strongest month on record, with the UK contributing US$4.4bn. North American funds added US$7.7bn, their third-largest monthly inflow, enough to pull the region back into positive year-to-date territory after a US$13bn outflow in March. Asian funds added US$2bn.
One caveat matters. That data runs through 31 August, and the WGC has not yet published September figures. The gold price has fallen 7.20% since, so the tonnage will have moved. What the August set establishes is that summer selling pressure did not come from the funds, which is a different story from the one central bank demand has been telling.
Holdings reached a high of 4,189 tonnes at the end of August. Source: Bloomberg, Company Filings, World Gold CouncilThree Calendar Events Before 28 October
Michelle Bowman speaks at 10:45 a.m. today at the 2026 Community Banking Research Conference in St. Louis, as Vice Chair for Supervision and on modernizing regulation and supervision. Anyone watching for a policy signal will be disappointed.
The FOMC minutes land on 7 October at 2:00 p.m. and cover the 15–16 September meeting, whose dot plot had 16 of 18 officials projecting another hike this year. Those minutes will now be read against a hike probability near 21%, which makes them the week’s most plausible source of a move in the gold price. September CPI follows on 14 October at 8:30 a.m.
Where the Gold Price Sits Across Timeframes
Over five sessions, the gold price is close to flat, down 0.15%, and the year-to-date reading sits at minus 3.99%. Over a full year, bullion is still ahead by 6.75%.
Gold sits 25.34% below its 28 January level. Source: TradingView, CBS News · Chart: FinanceFeedsThat mix explains the split positioning. Buyers who entered before October 2025 are in profit, while anyone who bought the January top is nursing a quarter of their capital. The September low near $4,125 is the first level to watch if yields push higher again, and silver’s own move against 19-year high yields offers a read on whether the pressure is metal-wide or specific to the gold price.
Investor Takeaway
Gold-backed ETF holdings reached 4,189 tonnes at the end of August on an US$18bn monthly inflow, which places the summer decline in the gold price outside the fund complex.
Within five miles of my South Florida home, Walmart has four Neighborhood Markets and three Supercenters. Even my close friends who live in rural Tallahassee, in a home where they cannot get food delivered, have a Walmart within a few miles.
They don’t have a hospital or convenience store within that range, but Walmart is nearby.
The retail giant makes a claim on its website that shares one of the chain’s keys to success: “5,200 stores and clubs are within 10 miles of approximately 90% of the population.”
This geographic edge has helped the chain compete with Amazon. Two-day shipping, one-day shipping, and even same-day shipping don’t guarantee the ability to get what you need immediately, which Walmart offers many Americans.
Amazon, however, isn’t simply letting Walmart keep that advantage, even as the chain has largely dialed back its efforts to build out physical stores.
Amazon wants to deliver faster
Amazon has been investing heavily to speed up delivery and the company shared some stats and information in a March press release.
- 1-hour delivery is already available in hundreds of cities and towns across the U.S., and 3-hour delivery is live in more than 2,000 cities and towns.
- Customers will see items eligible for 1-hour and 3-hour delivery throughout their regular Same-Day shopping experience via new messaging next to product names.
- To make it even easier for customers to browse this selection, we’ve also added “in 1 hour” or “in 3 hours” search filters and a dedicated storefront shopping page in areas where these options are available.
“We saw an opportunity to use our unique operational expertise and delivery network to help make customers’ lives a little easier while unlocking even more value for Prime members,” said Udit Madan, senior vice president of Worldwide Operations at Amazon.
Amazon is building new warehouses
These changes are part of a bigger effort by Amazon to speed up its delivery times.
“Amazon is in the middle of a five-year build-out called Project Mercury: 1,000+ new same-day fulfillment centers by 2031, aimed squarely at Walmart’s biggest structural advantage, proximity,” according to Consumer Edge.
Consumer Edge used credit and debit card data to show what’s already happening in the first markets where that capacity has gone live. Key data points include:
- Same-day capacity is driving measurably more orders: In metros where Amazon opened a new same-day fulfillment center (Rochester, Pittsburgh, Jacksonville), order frequency rose 18%, from 1.6 to 1.9 orders per shopper per week between first half 2025 and first half 2026. Markets that gained same-day grocery delivery (Boise, Omaha, Salt Lake City, among others) rose 11%. Markets with no new same-day capacity were flat.
- The lift is concentrated in Amazon’s heaviest shoppers: The share of shoppers ordering three or more times a week rose from 13% to 19% in new-fulfillment-center markets and from 18% to 22% in new same-day-grocery markets, versus no change in markets without same-day capacity.
- Walmart hasn’t lost a step yet: In-store visit frequency held at roughly 1.5 visits per shopper per week across every market group Consumer Edge studied, including the metros where Amazon just got dramatically faster. Amazon’s gains currently look incremental, not share-shifting.
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Maybe Amazon isn’t going after Walmart directly
Despite my proximity to Walmart, I rarely shop there, as I’m now a Walmart+ member. Those members get free same-day shipping.
I am, however, an Instacart member and Uber Eats member. Since Amazon does not offer same-day delivery in my market (I am a Prime member, too), if I need something fast, I use one of those.
I’m not a Target Shipt member, which offers same-day delivery, but Uber Eats offers many Target items at in-store prices, so even though Target is closer to me than any of Walmart’s Supercenters, I will often have items delivered by Uber Eats.
That’s also a tactic I use when ordering bottled water, Gatorade, or anything else bulky I don’t want to lug to my car.
RTM Nexus CEO Dominick Miserandino told TheStreet that Amazon’s actions are all about stopping customers from using other services or retailers.
“Amazon isn’t spending billions just so it can brag about delivering something in an hour. Speed changes buying behavior. If I know Amazon can get me toothpaste, diapers or an HDMI cable this afternoon, I stop thinking about driving to Walmart or Target. The real payoff is getting customers to use Amazon for more of those everyday purchases,” he shared in a message to TheStreet.
Amazon has changed customer delivery expectations
In a broad sense, speed expectations have tightened.
Consumers now expect free delivery in an average of 2.7 days — down from 3.5+ days in prior years — with expectations varying sharply by category, from 0.9 days for grocery and food to 3.2 days for large general merchandise, according to a study from Alix Partners.
“The speed and free shipping expectations consumers hold today were once reserved for Amazon Prime members. They are now the floor — not the ceiling — for every category of retail,” said AlixPartners’ Marc Iampieri, who serves as partner and managing director, as well as global co-lead for Shipping, Logistics, & Infrastructure.
Ninety-seven percent of Americans used a convenience service (food delivery, takeout, grocery delivery, etc.) in the last month, and more than half say their spending has increased in the last five years, according to a Sept. 16 survey from Finance Buzz, conducted in partnership with Bank of America.
Key findings included:
- Americans value an hour of free time at $87 on average, more than double the $37.62 average hourly wage reported by the Bureau of Labor Statistics.
- 68% have abandoned a delivery order after seeing the total cost with fees, a figure that climbs to 78% among Gen Z and falls to 41% among baby boomers.
- The average American will pay $9.49 in food delivery fees before deciding to pick up the order instead.
- 85% of those surveyed pay for at least one convenience membership, averaging $22 a month, or $264 a year.
Related: 47-year-old convenience store chain joins list of disappearing brands
A pitchers’ duel is on tap as Yoshinobu Yamamoto of the Los Angeles Dodgers and Chris Sale of the Atlanta Braves square off in Game 3 of the NLDS on Tuesday. Live coverage on Sportsnet and Sportsnet+ begins at 6 p.m. ET / 3 p.m. PT, or follow along with our live tracker.
The Nasdaq Composite reached a fresh all-time high on Monday as technology stocks advanced despite rising US Treasury yields and investors assessed new economic data.
Gains in major technology and artificial intelligence-related stocks helped lift the index, while traders also looked ahead to the Federal Reserve’s September meeting minutes and the start of third-quarter earnings season.
The Nasdaq gained 1.05% to reach an intraday record of 27,544.07, while the S&P 500 rose about 0.7%.
The Dow Jones Industrial Average added around 90 points, or nearly 0.2%.
AI stocks lead Nasdaq higher
Stocks linked to the artificial intelligence trade led the gains.
SpaceX jumped nearly 6%, while Meta and Microsoft gained more than 2% and 1%, respectively. Nvidia rose more than 1%, and Tesla advanced 2%.
The technology sector continued to attract investors even as Treasury yields moved higher. The 10-year Treasury yield rose more than nine basis points to 5.349%, while the 30-year yield increased about seven basis points to 5.703%.
Both yields have climbed to multiyear highs in recent weeks as investors have assessed the possibility that inflation could keep the Federal Reserve’s interest rates higher for longer.
The latest market moves came as investors reviewed the Institute for Supply Management’s services-sector report.
The services Purchasing Managers’ Index rose to 54.9 in September, broadly matching expectations but coming in slightly below the previous month’s reading.
Investors are now awaiting the minutes from the Federal Reserve’s September meeting, which could provide further insight into the central bank’s decision to raise interest rates by 25 basis points last month.
Lower oil prices provide support
Oil prices declined on Monday as investors assessed an improvement in Middle Eastern crude exports and commitments from the Group of Seven to increase supplies.
Brent crude futures fell more than 1.9% to $100.30 a barrel, while West Texas Intermediate crude declined about 2% to $89.29.
The move in oil prices provided another factor supporting investor sentiment after a week marked by rising Treasury yields and weaker-than-expected US employment data.
The September jobs report showed that US job growth slowed more than expected, reducing market expectations for another Federal Reserve rate hike in October.
Traders were pricing in a 24% probability of an October rate increase, down from 70% a week earlier, according to CME’s FedWatch tool.
Earnings season moves into focus
Investors are also turning their attention to the upcoming third-quarter earnings season, which begins next week with results from major US banks.
LSEG data showed analysts expect S&P 500 earnings to increase more than 30% year over year, driven largely by artificial intelligence-related companies.
The Nasdaq’s previous record closing high was set on September 22.
Elsewhere, PTC surged after Schneider Electric agreed to acquire the software company in a $22.6 billion all-cash transaction.
RXO also advanced after C.H. Robinson Worldwide agreed to acquire the transportation broker in a $5.8 billion stock-and-cash deal.
Cerebras Systems gained after OpenAI CEO Sam Altman described the chip designer as a close partner and said the companies had extensive work underway focused on improving speed.
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