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Tuesday’s big stock stories What’s likely to move the market in the next trading session

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Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City.
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Here’s what CNBC TV’s producers were watching as stocks slid on Monday, and what’s on the radar for the next session.

PepsiCo

  • The soda-and-snack giant reports Tuesday before the bell.
  • Shares are up 1.7% in three months.
  • Pepsi is 8.8% from the 52-week high hit in May.
  • It’s not a cola-to-cola comparison, but Coca-Cola is up 8% in three months. It’s 6% from the September high.
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PepsiCo shares in 2024

Boeing

  • The airline maker reports September orders and deliveries on Tuesday at 11 a.m., Eastern time.
  • Boeing is down 1% in a month, and it’s down 15.6% in three months.
  • The stock is 42% from the December high.

The insurance stocks

  • After many of these names had record runs, insurance stocks fell Monday ahead of another major hurricane approaching Florida. This time it’s a Category 5 monster called Milton.
  • Travelers fell 4.3% Monday. It is 7% from the high three weeks ago.
  • Progressive fell 3.85%. It is 5.75% from the mid-September high.
  • W.R. Berkley lost 3.47% Monday. It is 8% from the September high.
  • Hartford lost 3%. The stock is 4% from the high hit last week.
  • Hanover Insurance dropped 2.8% Monday. The stock is 4% from the Sept. 19 high.
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Traverlers Cos. in 2024

The bonds

  • The 10-year Treasury yield topped 4% Monday, ending at 4.028%.
  • It hasn’t been this high in two months.
  • The two-year Treasury yield is at 3.99%.
  • The one-year Treasury bill yield is 4.24%.
  • The yield on the six-month T-bill is at 4.46%.
  • The three-month T-bill yield is at 4.66%.
  • The one-month T-bill yield closed at 4.87%.
  • The SPDR Bloomberg High Yield Bond ETF (JNK) is yielding 6.5%.
  • The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is yielding 5.89%.
  • The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is yielding 6.71%.
  • The Fidelity Corporate Bond ETF (FCOR) has a yield of 4.07%.

Super Micro’s super jump

  • The stock was up nearly 16% on Monday as Super Micro Computer said sales are still going strong.
  • It remains 61% from the 52-week high hit back in March.
  • The stock closed at $47.74. The all-time high is $122.90.
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Super Micro Computer’s performance in 2024

Amazon and Apple

  • Both giants were hit with analyst downgrades on Monday.
  • Wells Fargo took down its rating on Amazon to equal weight from overweight. Jefferies dropped Apple to hold from buy.
  • Both stocks lost about $5 a share Monday. That’s a 3% decline for Amazon, and a 2.25% decline for Apple.
  • Amazon is now 10% from the July high.
  • Apple is 6.5% from the July high.

Nuclear

  • The White House’s national climate advisor Ali Zaidi said Monday that the administration is working to restart more nuclear reactors in the U.S.
  • He mentioned the two projects CNBC has previously reported on. One is in Michigan, and the other is in Pennsylvania. It’s unclear if more are coming soon.
  • Vistra dropped 5% Monday.
  • NextEra fell 4.25%. It is 6.75% from last week’s high.
  • Uranium Energy fell 3.46% Monday. It is now 20% from the Feb. 1 high.
  • The Sprott Uranium Miners ETF (URNM) declined about 2.4%.

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