Happy Wednesday! Wall Street traders are doubling down on a year-end surge in the S&P 500 as the index powers to fresh record highs. But could this euphoric climb be setting the stage for an even sharper correction ahead? Read on to find out.

Also, here’s a look at five stocks that investors secretly monitor but aren’t talking about yet. This weekly series has provided some big winners, with Nokia being the latest, as it was highlighted just a few weeks ago and popped more than 30% yesterday.

Plus, if you’re looking to get an edge or stay ahead in the stock market, check out Benzinga’s PreMarket Playbook, sponsored by Apex Trader Funding.

Benzinga Survey: In Monday’s poll, 80% of RTB readers correctly predicted SoFi would beat estimates yesterday, and the company did exactly that, keeping RTB’s perfect record going this quarter.

Next up: Apple and Amazon report Thursday. Will they beat estimates? Share your wisdom and vote now and see the results!

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

S&P 500 Could Smash 7,000 Soon — If Traders' Moonshot Bets Are Right

Wall Street traders are doubling down on a year-end surge in the S&P 500 as the index powers to fresh record highs, seasonality kicks in and the Federal Reserve prepares for other rate cuts — with some now eyeing a moonshot rally reminiscent of the late 1990s.

But could this euphoric climb be setting the stage for an even sharper correction ahead? Read on for all the insights, data and sentiment in this must-read story.

Catch Futures Forward For Fresh Insight On The Futures Market

Whether you're banking on the direction of oil or gold or shorting the S&P 500, the futures market moves fast. What was up one minute could be down the next. Keeping up with it all can be dizzying.

It just got a lot easier to navigate, thanks to Futures Forward, presented with Apex Trader Funding, a new segment on Benzinga’s PreMarket Playbook with Peter Tuchman & David Green.

Bringing the futures market to traders in the mornings, the new segment provides traders with fresh and actionable insights about the futures markets, all before the opening bell.

The futures market moves fast — are you ready to keep up? Catch Futures Forward to be primed and ready to get your futures trading on when the markets open.

Yesterday: U.S. indexes continued their incredible run with all major indexes setting new 52-week highs yesterday as investors positioned ahead of the Federal Reserve’s interest rate decision today. Markets widely expect the Fed to cut interest rates by 25 basis points today, followed by another cut in December. Wall Street will look for clues during today’s press conference with Chair Powell. Earnings season also takes center stage, with Alphabet, Meta and Microsoft reporting after the close, while Apple and Amazon will report the following day. Oil prices declined below $60 a barrel as oil continues to reverse some of last week's big surge. Last but not least, gold continues its retreat — down 10% from its peak earlier this month — and is now at a 3-week low and trading below $4,000.

On Our Radar: One of the busiest earning weeks of the season continues with a number of notable companies — Apple (AAPL) and Amazon (AMZN) — reporting after the market close tomorrow.

Shares of Nokia (NOK), Skyworks (SWKS) and UPS (UPS) surged, while Royal Caribbean (RCL) and F5 (FFIV) tanked. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Apple Earnings Preview: With shares at record highs following the launch of the iPhone 17, are shares priced to perfection or is there more room to run? Read on for the full breakdown and what Wall Street will be watching — and why Nancy Pelosi just trimmed her position.

Amazon Earnings Preview: Amazon faces a high-stakes quarter with AWS outages, massive layoffs and AI-driven growth on the horizon. Will strong e-commerce and cloud momentum outweigh the challenges? Don’t miss the full breakdown to see if Amazon is set to soar — or stumble.

Fed Fever: Wall Street is betting on a Fed rate cut today, but all eyes are on Powell’s comments, which could ignite a late-year “meltup” in stocks. Read on to see why some traders are bracing for record highs, and others are bracing for a big reversal.

AI Conviction: Cathie Wood disagrees with Sam Altman and Jamie Dimon about AI. Discover why she sees Palantir as the secret weapon driving the next wave of AI growth.

Revving Up: Despite tariffs, parts shortages and fading EV incentives, earnings show surprising resilience among car manufacturers. Discover which five companies could shift gears in your portfolio — here’s the full list.

Your Next Big Fintech Breakthrough Is On November 10th

If your day-to-day revolves around fintech solutions for retail investors and everyday individuals navigating their own financial journey, the 11th annual Benzinga Fintech Day & Awards is a must-attend.

Benzinga knows first hand the importance of timely conversations around User Acquisition & Retention, Bridging the Gap Between Equities & Digital Assets, The Rise of Prediction Markets, 24/5 Trading, and much more. So, join us on November 10, 2025 in NYC to connect with the most influential names in financial technology.

If you want visibility, access, and capital connections in the same room, now is the time to make your move. Don’t miss your chance to network with the innovators moving the industry forward — register now. Use the code “RTB20” for 20% off your ticket.

On This Day In 1929…

Following ‘Black Monday,’ investors went through “Black Tuesday” as the market suffered one of its worst crashes in history, as the Dow plunged 11.73% after falling nearly 13% the previous day. A record 16.4 million shares changed hands — a record that would stand for 40 years. This signaled the start of the Great Depression, and while panic selling and margin calls swept Wall Street, the market didn’t actually bottom until July 1932, when the Dow closed at 41.22, nearly 90% below its 1929 peak.

QUOTE OF THE DAY

“In stocks, it’s the only place where when things go on sale, people get unhappy. If I like a business, then it makes sense to buy more at 20 than at 30.“

— Warren Buffett

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