S&P 500 And Nasdaq 100 Soar To Record Highs Amid Rising Bets Of Strong Quarterly Earnings — CEG, LCID, SPCX, MRVL In Focus Shashank Nayar Tue, October 6, 2026 at 6:35 PM EDT 3 min read MRVL +5.81% ^GSPC +0.58% ^NDX +0.48% ^DJI +0.49% QQQ +0.46% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
The S&P 500 ended Tuesday 0.6% higher, the Nasdaq 100 rose 0.5%, and the Dow Jones Industrial Average added 0.5%.
Paramount Skydance Corp. closed its $110 billion acquisition of Warner Bros. Discovery Inc.
U.S. stock indices ended higher on Tuesday, tracking sharp gains in chipmakers and broader technology stocks, along with calmer Treasury yields, as preliminary earnings updates aided investor sentiment.
For instance, Marvell Technology Inc. (MRVL) shares jumped after the chipmaker laid out sharply higher long-term revenue targets at its Investor Day.
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The S&P 500 ended Tuesday 0.6% higher, the Nasdaq 100 rose 0.5%, and the Dow Jones Industrial Average added 0.5%. The Russell 2000, which tracks small-cap stocks, lost 0.6%.
The SPDR S&P 500 ETF (SPY) rose 0.6%, the SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5%, and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) added 0.5%.
Meanwhile, the VanEck Semiconductor ETF (SMH) slipped 0.1%, and the iShares Semiconductor ETF (SOXX) added 0.1%, tracking gains in Nvidia (NVDA), Broadcom (AVGO) and Advanced Micro Devices (AMD), while weakness in Micron Tech (MU) limited gains. The broader Vanguard Information Technology ETF (VGT) added about 0.7%.
Retail sentiment on Stocktwits for QQQ, SPY, and DIA was 'bullish' with 'high' message volumes.
Shares of Marvell Technology surged 5.8% while Advanced Micro Devices advanced almost 3% on rising market optimism around corporate outlooks, alongside a 3.7% gain in Broadcom.
"Everyone's like markets are up. AI is the place to be," Stephen Kolano, chief investment officer at Integrated Financial Partners, told CNBC. Investors are "looking through the inflation concerns right now, especially as it relates to oil, diesel, etc. It's like 'Okay, that's something that potentially gets resolved in the future.'"
Oil prices ended the day little changed. Brent crude traded 0.26% higher to settle at $100.58 per barrel.
Meanwhile, 10-year Treasury yields pulled back from multi-decade peaks ahead of Wednesday's release of the Federal Reserve's September meeting minutes, which investors will scrutinize for further clarity on interest rate hikes.
Constellation Energy (CEG) was the top Nasdaq 100 gainer on its multi-year nuclear power deal with Google.
EV maker Lucid Group (LCID) faces a "long and difficult journey" to fix operations and lift demand, BNP Paribas said on Tuesday, after a weak third-quarter delivery report that fell below Wall Street estimates, unlike peers Rivian and Tesla.
Paramount Skydance Corp. closed its $110 billion acquisition of Warner Bros. Discovery Inc., completing one of the biggest media mergers of all time
SpaceX (SPCX) shares climbed to their highest level since June after rallying about 20% since Thursday, but Goldman Sachs believes there is still room for more upside.
Meta Platforms Inc. (META) drew a higher price target from Wells Fargo on Tuesday, with analyst Ken Gawrelski lifting his target to $1,000 from $796 while maintaining an 'Overweight' rating.
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Shashank Nayar has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.
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