Nasdaq Erases Decline, Up Slightly
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- Wall Street gains ground on healthcare stocks rally, oil retreat
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- Loop Capital downgrades Apple, sees no recovery of cut iPhone shipments
- Wells Fargo says S&P 500 buy signal emerges as investors turn excessively bearish
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- Cerebras Systems falls as TD Cowen cuts price target
- Nasdaq climbs as chip and AI-linked stocks bounce back
- Flutter Entertainment to cut up to 1,400 jobs amid UK tax increases
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S&P 500 Bounce Reportedly Powered by a Significant Options Trade
October 5, 2022 4:14 PM EDTIt was reported late Wednesday that a giant options transaction may have kicked off the S&P 500's jump after it fell early in the session.
Bloomberg said that Wells Fargo's Head of Equity Strategy, Chris Harvey, revealed the trade involved buying and selling call options linked to the index at the cost of around $31 million.... More



