S&P 500 just barely notches third-consecutive all-time high in record day for call volumes

The S&P 500 just barely cinched a third-consecutive all-time highest close on little data as the jobs report is delayed due to the government shutdown. The Russell 2000 also rallied to a new all-time high, but tech dragged the Nasdaq-100 lower.

Your Evening Briefing October 03, 2025 S&P 500 just barely notches third-consecutive all-time high in record day for call volumes The S&P 500 just barely cinched a third-consecutive all-time highest close on little data as the jobs report is delayed due to the government shutdown. The Russell 2000 also rallied to a new all-time high, but tech dragged the Nasdaq-100 lower. Call volumes for US equity and index options exceeded 52.4 million as of 4 p.m. ET, setting a new daily record. Along with tech, the other sector ETFs to trade lower were consumer discretionary and communications. Stocks that moved higher: Auto stocks Ford, Honda, Toyota, General Motors, and Stellantis spiked on a report that Trump is considering tariff relief for US auto production. Plug Power rocketed higher after HC Wainwright analyst Amit Dayal boosted his price target on the green hydrogen company to $7 from $3, making him the most bullish analyst on Wall Street. Shopify popped after Rothschild Redburn reiterated its "buy" rating and raised its price target to $200 from $180, tying the highest rating on Wall Street. Apple ticked up, despite a downgrade from Jefferies analysts, who argued that the positive sales momentum for the iPhone 17 has engendered "excessive expectations." Stocks that moved lower: Roblox fell as traders upped bearish options market bets following an M Science report from analyst Corey Barrett that asserts that US bookings growth has "decelerated sharply" recently, slowing to the low 30% range down from the mid- to high 50% range in July. GameStop traded lower after filing paperwork that lays the foundation for the video game and collectibles retailer to raise money "from time to time" through the sale of stock, debt, and related securities, which would allow for potential shareholder dilution. Hims & Hers slipped after Novo Nordisk's US head David Moore told Bloomberg that the company plans to sell its upcoming weight loss pill through its current telehealth partners. Applied Materials dipped after the semiconductor machinery maker said revenues could take a $600 million hit in the next fiscal year, on the back of widening chip export restrictions. Although Tesla delivered a massive delivery beat yesterday, JPMorgan analyst Ryan Brinkman wants to remind investors to put that beat into context, noting that it's "too soon to declare Tesla as having sustainably returned to growth in its core business." According to an Army memo cited by Reuters, the Army's next-gen battlefield communications network built by Anduril Industries, Palantir, and others, has security problems and should be considered "very high risk," though Palantir disputes these claims. Solo living is getting pricier, per The Economist's "Carrie Bradshaw index" We crunched how close renters can actually get to living like Carrie. Read more. EA's $55 billion megadeal will ripple across the gaming industry and cause its "black holes" to get even bigger The gaming giant's buyout by private equity investors and Saudi Arabian wealth may speed up a trend in the industry: people just keep playing the same old juggernaut games. Read more. OpenAI's AI-only social media app, Sora, launched three days ago and is already No. 1 on the US free App Store, where it has displaced regular favorite AI apps Gemini from Google and ChatGPT, OpenAI's main app. It's an especially impressive feat given that for now the highly addictive, legally murky app is invite-only. Read more. "Magic: The Gathering" is just the tip of a $1 billion digital iceberg Hasbro's gaming ambitions are the key to its future success Strava is suing Garmin over alleged patent infringements Has the watchmaker strayed a little far into the fitness app's lane? Bitcoin soars past $120,000 as analysts predict new all-time high by end of year Today's price is a 97% jump from where bitcoin was a year ago. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025