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Palantir and Dell join S&P 500: Future stars or just hype?
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Wall Street Today | Monday Market Climbs But Not Past Last Weeks Fall

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Moomoo Recap US joined discussion · Sep 9 15:45
Wall Street Today | Monday Market Climbs But Not Past Last Weeks Fall
The market advanced on Monday, following a tough start to September, the last month of Q3.
Just past 4 pm ET the     $S&P 500 Index (.SPX.US)$ traded up 1.16% the         $Dow Jones Industrial Average (.DJI.US)$ climbed 1.20%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 1.16%.
MACRO
This week in macro, investors are waiting for slimmer pickings during the blackout period for Fed press commentary. FOMC members are barred from making public statements during the one-week leadups to FOMC meetings. OPEC+ will release a monthly report on Tuesday; CORE CPI will drop on Wednesday for August. PPI and initial jobless claims will fall on Thursday.
Last week, just before the blackout began in the lead-up to the FOMC September 17-18th rate decision meeting, investors got word from New York Fed President John Williams Friday that it is time to cut rates.
Speaking toward the Council on Foreign Relations, Williams said the economy is balanced, inflation is tracking lower, and "it is now appropriate to dial down the degree of restrictiveness in the stance of policy by reducing the target range for the federal funds rate."
Last Friday, the economy added 142k nonfarm payrolls from the previous week, and the Unemployment rate landed at 4.2% in August, according to the Bureau of Labor Statistics. Payrolls were below expected by 20k but fit the narrative of softening labor in the U.S. that investors have come to expect.
SECTORS
Within industries tracked by moomoo, crypto $Crude Oil Futures(NOV4) (CLmain.US)$ climbed 1.51%, sitting at $68.
According to MT Newswires, Oil prices fell 11% last week as weak economic data from China and the United States heightened demand fears, even as OPEC+ deferred returning 180,000 barrels per day of shut-in production to the market and Libya supplies were disrupted amid political squabbling between the North African country's two competing governments.
Wall Street Today | Monday Market Climbs But Not Past Last Weeks Fall
MOOVERS
$Apple (AAPL.US)$ began its fall product event Monday, where the company plans to introduce a new generation of iPhones that put AI at the forefront of the device's operating system.
Shares of $Norfolk Southern (NSC.US)$ edged higher intraday Monday after the company said late Sunday it opened an independent investigation into Chief Executive Alan Shaw regarding alleged misconduct.
$Palantir (PLTR.US)$ climbed 14% Monday after the joint S&P Dow Jones Indices group announced the firm would replace   $American Airlines (AAL.US)$ on the S&P 500 before Sept. 23.
It was not the only stock swap:   $Dell Technologies (DELL.US)$ will replace $Etsy Inc (ETSY.US)$, and climbed 3.8%, and   $Erie Indemnity (ERIE.US)$ would replace   $Bio-Rad Laboratories (BIO.US)$.
$Moderna (MRNA.US)$ climbed 5% after early data from a phase 1/2 study of mpox vaccine on monkeys proved more effective than competitor Bavarian Nordic.
$Boeing (BA.US)$ shares were rising intraday Monday after the plane maker said Sunday that it had reached a tentative labor deal with the International Association of Machinists and Aerospace Workers, representing more than 33,000 employees.
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Word from the herd: Mooers, what are you watching?
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