Wall Street rises, Bulls brush off weak jobs 10/09/2025

HOT stories for today

US market wrap:

• U.S. equities closed at fresh records Tuesday, S&P 500 6,053, Dow 46,987, Nasdaq 18,764, with gains broadening beyond tech. Traders are focused on this week’s PPI/CPI prints and the Fed’s Sept. 17 decision. A sharp revision to labor data showed that the economy added 911k fewer jobs in the year through March than initially reported, highlighting slower momentum; Jamie Dimon warned that growth is weakening.
• Stocks still advanced, while attention turned to Broadcom (AVGO) earnings as a test of the AI-chip rally. After the bell, Oracle (ORCL) stole the spotlight, soaring 26% on news its multicloud database revenue surged 1,529% last quarter, offsetting an earnings miss with a bullish cloud outlook.

Uranium market heats up

• The uranium narrative is back in focus on renewed nuclear build-out hopes. CNBC highlighted the theme today, and fresh industry data from the World Nuclear Association points to demand jumping around 28% by 2030 (and more than doubling by 2040), raising medium-term supply gap risks.
• Spot prices are holding near multi-year highs, with utilities expected to accelerate contract activity. Investors are eyeing miners like Cameco, NexGen, and Kazatomprom as key beneficiaries if the rally extends.

Stocks on the move:

• Rubrik (RBRK): Fell 1% after posting a narrower Q2 loss of $0.03 per share vs. -$0.04 expected; revenue came in at $310M, topping the $282M consensus. Results reinforced steady cloud-data demand despite ongoing losses.
• Synopsys (SNPS): Dropped 13% after reporting Q3 EPS of $3.39 on $1.74B revenue, missing forecasts for $3.74 and $1.77B. The rare miss underscored challenges from China and slower design-tool spending.
• AeroVironment (AVAV): Gained slightly after mixed Q1 results, EPS of $0.32 missed by $0.05, but revenue of $455M beat expectations. The company guided FY earnings to $3.60–3.70, a touch ahead of estimates.
• GameStop (GME): In focus with earnings on deck; options implied elevated swings. Volatility premiums remain among the highest in the retail complex.

Watchlist: AVGO, SMCI, AVAV, SNPS, GME, AAPL, NVDA, ORCL

Today’s action

• Asia: Stocks mostly rose on Wednesday, led by Japan, Korea, and Taiwan, while China was mixed ahead of inflation data. Moves were modest, with currencies largely steady. 
• U.S. futures: S&P and Nasdaq minis hovered near records, while bonds were softer as traders await key data. Positioning is cautious in today’s PPI and tomorrow’s CPI. Key data: U.S. PPI (Aug) at 08:30 ET and CPI (Thu) are expected to guide the Fed’s Sept. 17 cut, while China inflation figures test deflation risks.

Bitcoin

• BTC revisited $113K into the U.S. open, with technicians eyeing a potential push toward prior highs if a Fed cut lands next week; others warn the move looks perp-driven without stronger spot demand. Key resistance sits just below $115K. Funding rates across major exchanges are elevated, pointing to frothy positioning
  Watchlist: Bitcoin: 99 000-125 000, Ethereum: 4000-4980, Solana: 160-214

Forex

• USD/JPY: Yen steadied as BoJ-hawkish bets met political noise and a tentative USD rebound; divergence still caps topside. Speculative flows remain highly two-way, keeping liquidity choppy.
• EUR/USD: Slipped toward 1.1700 despite differing Fed/ECB outlooks as dollar firmness re-emerged. Traders see 1.1650 as the next key support if weakness extends.
  Watchlist: EUR/USD: 1.0700-1.1700, USD/JPY: 140-151

Basic Materials

• Gold (XAU/USD): Regained positive traction on rate-cut bets and haven demand after fresh record highs this week; pullbacks remain shallow for now. ETF inflows have also turned positive after weeks of outflows.
• WTI crude: Extended above $62 on fresh Middle East tension headlines tied to Israel striking Hamas leadership in Qatar. Traders cautioned that supply-side risk premiums could persist into next week.
  Watchlist: GOLD: 2600-3700, US Oil: 55.60-75.80

Key Economic Events Today:

EST time

08:30 am: USD PPI, Core PPI
10:00 am: USD Final Wholesale Inventories
10:30 am: USD Crude Oil Inventories


Earnings

BMO (Before Market Open):

CHWY             Chewy Inc.
DAKT               Daktronics Inc.
TEN                 Tsakos Eneegy

AMC (After Market Close): MANU, OXM




The TEFS Analyst team wishes you a successful day!