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New ETF launches1 new ETF hit the market · Oct 1
  • HFIXNomura High Yield Total Return ETFfixed-income0.45%

Nomura keeps building out its US ETF shelf, adding an actively managed high-yield total return fund at a 0.45% net expense ratio. It is the only new listing on the tape today, aimed at investors still reaching for credit income.

Cramer's read on Nike's first-quarter results lands on the one line that decides whether the turnaround is real: cleaner inventory means less discounting and better margins ahead.

I will say this: Nike inventories are down!
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Biggest movers · At the close
  • ACNAccenture$211.97+15.6%
  • SNPSSynopsys$490.81+12.8%
  • COHRCoherent$318.52+10.7%
  • AAOIApplied Optoelectronics$107.16+8.0%
  • LITELumentum$1,043.95+7.5%
  • AMCAMC Entertainment$2.75-8.2%
  • TEMTempus AI$76.51-6.6%
  • BRKRBruker$61.76-4.6%
  • DHRDanaher$211.34-4.6%
  • NWGNatWest Group$17.36-4.3%

Three names in our 383-stock board closed with double-digit gains, led by Accenture's 15.6% jump to $211.97, a move that size is rare for a mega-cap consultant. The downside was far tamer, with AMC's 8.2% slide the worst of it.

DATA RELEASE
30-Year Fixed Mortgage Rate
7.28%
+25 bp

Freddie Mac's 30-year fixed just hit 7.28%, the highest level in this run after a one-week jump of 25 basis points. Buyers lose purchasing power immediately, and sellers already cutting prices will have to cut deeper.

Source: FRED · MORTGAGE30US
CLOSING BELL
U.S. Markets
  • S&P 500+0.34%
  • Dow Jones Industrial Average-0.10%
  • Nasdaq Composite+0.23%

Money kept rotating toward growth on the first day of the quarter: the S&P 500 finished at 7,678.25 while the Dow ended red. That split is the setup to track as earnings season begins.

Halving AI5 memory to 72GB is a bet that scarce LPDDR supply is the gate on Optimus volume rather than silicon design, and Musk says the performance cost is negligible.

@DirtyTesLa We cut our RAM in half for the Tesla AI5 chip (now 72GB of LP5) and 1/3 for AI6 (now 144GB of LP6). This was the only way to get enough volume for Optimus production and greatly reduces cost. As it turns out, we think this will have a negligible effect on Optimus performance,
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PSXPhillips 66
Regular session
$263.64
+4.10%open $253.25

A 4.1% intraday run to $263.64 adds roughly $4 billion to the refiner's $105.7 billion market value in a single session. Moves this size are rare for a large-cap refiner, so keep an eye on whether it holds into the close.