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Here’s what’s happening in the stock market today:
The stock market is relatively calm today, with U.S. major indices showing slight gains as investors await updated job data revisions and Apple's product launch event. 📈💹 The Nasdaq leads with modest upside, building on recent record highs, while the S&P 500 and Dow are up marginally. 🖥️🏦
Major Indices Performance 📈
Nasdaq Composite is up around 0.2%, trying to extend its record close from Monday.
S&P 500 is higher by about 0.1%, sitting near all-time highs.
Dow Jones Industrial Average is up less than 0.1%, showing minimal movement.
Market Movers 🚀
Apple is a focus today with its highly anticipated iPhone 17 event starting at 10 a.m. PT. New product announcements could provide tech-sector momentum. 📱
Shares of companies like Nebius and Tourmaline Bio have seen sizable gains after deal announcements and strong earnings updates. 💼
SailPoint stock is under pressure premarket after a mixed earnings report.
Key Events Driving the Market 🗞️
Investors are closely watching revisions to U.S. jobs data, expected to show downward adjustments to payroll figures for the year ending March 2025, raising concerns about a slowing labor market.
The Federal Reserve’s upcoming policy meeting and expectations for interest rate cuts remain a significant market influence.
Inflation data later this week will also be key for rate cut forecasts and market direction.
Investor Sentiment 👀
The mood is cautiously optimistic as traders position for potential Fed easing and fresh consumer technology catalysts. Trading volumes remain moderate with many participants awaiting clarity from economic data revisions and corporate newsflow. Global markets are stable, adding to a mostly steady backdrop. 🐂📊
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TRADE OF THE DAY:
FCX
Name: Freeport-McMoRan Inc.
Symbol: FCX
Current Price: Approximately $43.85
Trade
Sell to Open: 1 FCX Oct 10, 2025 40/37 Put Vertical (Bull Put)
Total Credit Received: $58.00
Credit per Contract: $58.00 (for one contract covering 100 shares)
Direction: Bullish (expects FCX to stay above break-even level)
Probability of Profit (PoP): 86.2%
Potential ROI:
Max Risk (Loss): $242.00
ROI: ($58.00 ÷ $242.00) × 100 ≈ 24.0%
Trade Explained in Simple English:
You’re entering a put vertical spread by selling the 40-strike put and buying the 37-strike protective put, both expiring October 10, 2025. You receive $58 upfront. If FCX stays above approximately $39.42 (your break-even), both puts expire worthless and you keep the credit. Your maximum loss is capped at $242 if FCX falls below $37 at expiration.
Wall Street Highlights:
News Beyond the Numbers
Nebius Group shares soared over 50% premarket after securing a $19.4 billion long-term AI infrastructure agreement with Microsoft in New Jersey.
https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-september-9-2025-11806131Lachlan Murdoch has taken control of Fox and News Corp in a family agreement ending a prolonged leadership dispute within Rupert Murdoch's media empire.
https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-september-9-2025-11806131Oracle is expected to report a 13% revenue increase to $15 billion in its quarterly earnings, led by new cloud contracts, with adjusted EPS projected at $1.48.
https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-september-9-2025-11806131AppLovin and Robinhood will join the S&P 500 index later this month, causing their shares to climb 11.6% and 15.8% respectively, while replacing smaller companies.
https://www.sfgate.com/news/world/article/asian-shares-mostly-rise-as-focus-shifts-to-fed-s-21038036.phpEchoStar jumped nearly 20% after agreeing to sell spectrum licenses to Elon Musk's SpaceX for $17 billion to boost Starlink's direct-to-cell service.
https://www.sfgate.com/news/world/article/asian-shares-mostly-rise-as-focus-shifts-to-fed-s-21038036.phpBMO Capital raised its price target for Oracle stock to $275, citing durable AI demand from its alliance with OpenAI, expecting growth through fiscal 2028.
https://247wallst.com/investing/2025/09/09/stock-market-live-september-9-sp-500-voo-rises-despite-tariffs-troubles/IMAX Corp has seen a 25% stock surge this month following strong earnings growth, fueled by investor confidence in continued performance.
https://simplywall.st/stocks/us/media/nyse-imax/imax/news/earnings-tell-the-story-for-imax-corporation-nyseimax-as-itsTourmaline Bio shares soared 57.7% after Swiss pharmaceutical Novartis announced plans to acquire a stake in the biotech firm for $4 billion.
https://www.reuters.com/business/wall-st-subdued-rate-cut-bets-intact-after-employment-revision-figures-2025-09-09/SailPoint shares fell about 12% in premarket trading after a Q2 earnings report, despite improved full-year guidance and optimistic demand commentary.
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-nudge-up-as-wall-street-braces-for-revision-to-jobs-data-232914330.htmlGoldman Sachs tech and media conference continues with key discussions featuring Salesforce CEO Marc Benioff and CoreWeave CEO Michael Intrator.
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-nudge-up-as-wall-street-braces-for-revision-to-jobs-data-232914330.html
