Generac Stock Surges After Amazon Data Center Deal
Generac secured a $2.4 billion contract to supply backup power generators for Amazon's data centers, and Amazon received the right to purchase $320 million worth of Generac stock. The move put shares on pace for their best single-session gain on record, from a base that had been the lowest since February 6 with short interest up nearly 30% in the most recent reporting period. Schaeffer's Investment Research
AI Server Stocks Rally as the Hardware Bid Broadens: Hewlett Packard Enterprise Jumps 9%, Super Micro Climbs 6%, Dell Rises 3%
No Super Micro announcement, filing, or analyst action landed that morning, framing the move as a hardware assembler rotation rather than a technology-sector move, as an earlier rally in memory and chip names broadened into server makers. The iShares U.S. Technology ETF gained 1.83% over the same stretch. 24/7 Wall St.
Oil prices fall as Saudi Arabia reportedly offers more crude via Hormuz after pipeline attack
Saudi Arabia is making additional cargoes available to Asian refiners through ship-to-ship transfers just outside Hormuz near Oman's Sohar port, and is looking to restore about half of the East-West pipeline's capacity within days. CNBC
US Jobless Claims Fall to 196,000 During Holiday Week
Initial claims fell 10,000 in the week ended Sep 12 from the prior week's 206,000. Continuing claims totaled 1.73 million, down 39,000 from a revised 1.769 million. The reference period included Labor Day, and the data can fluctuate around holidays. Bloomberg
US Housing Starts Fall in August as Multifamily Construction Drops Sharply
New residential construction declined unexpectedly in August to one of the weakest paces since the pandemic, reflecting a plunge in starts of multifamily units. Single-family starts rebounded while building permits fell. Bloomberg
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,637.76 | +85.95 | +1.14% |
| Nasdaq Composite^IXIC | 26,418.30 | +439.87 | +1.69% |
| Dow Jones^DJI | 51,778.04 | +316.14 | +0.61% |
| CBOE Volatility IndexVIX | 15.44 | -2.27 | -12.82% |
| Brent CrudeBZ=F · 2:30 PM ET settle | $104.07 | -$1.76 | -1.66% |
| GoldGC=F · 1:30 PM ET settle | $4,383.80 | -$3.70 | -0.08% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 3.97% | +1bp | +0.25% |
| 3-MonthT-bill | 4.12% | -2bp | -0.48% |
| 6-MonthT-bill | 4.20% | -2bp | -0.47% |
| 1-YearT-note | 4.40% | -5bp | -1.12% |
| 2-YearT-note | 4.67% | -7bp | -1.48% |
| 5-YearT-note | 4.78% | -8bp | -1.65% |
| 10-YearT-note | 4.94% | -7bp | -1.40% |
| 30-YearT-bond | 5.29% | -6bp | -1.12% |