{"id":604958,"date":"2026-09-03T22:18:23","date_gmt":"2026-09-03T22:18:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/604958\/"},"modified":"2026-09-03T22:18:23","modified_gmt":"2026-09-03T22:18:23","slug":"market-indexes-rally-as-tesla-and-goldman-sachs-take-the-wheel","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/604958\/","title":{"rendered":"Market Indexes Rally as Tesla and Goldman Sachs Take the Wheel"},"content":{"rendered":"

On Wednesday, I suggested that the rest of the week should be calm<\/a>. Maybe I jinxed the market in a bullish way. Stocks rallied broadly on Thursday.<\/p>\n

The Nasdaq Composite (^IXIC<\/a> +1.40%) rose 1.3% as of 1:29 p.m. ET, the Dow Jones Industrial Average (^DJI<\/a> +1.18%) climbed 1.1%, and the S&P 500 (^GSPC<\/a> +1.06%) added 1%. All three indexes are now slightly up from last Thursday’s closing scores. Yesterday, they seemed destined for a down week.<\/p>\n

\"^IXIC<\/a><\/p>\n

^IXIC<\/a> data by YCharts<\/a><\/p>\n

SpaceX and Tesla powered the Nasdaq’s 1.3% gain<\/p>\n

The biggest single push behind the Nasdaq Composite came from Space Exploration Technologies (SPCX<\/a> +6.42%), up 7.8% and worth 0.29 percentage points of the index move on its own. Tesla (TSLA<\/a> +5.42%) followed with a 7% jump, good for another 0.19 points. Tesla is unveiling a two-seat robotaxi<\/a> at a Cybercab event in Austin after the close tonight, and SpaceX went along for the ride on the strength of a shared chief executive.<\/p>\n

The Dow told a different story. Goldman Sachs rose 3.1%, contributing 179 Dow points, or roughly 30% of the entire index gain. Microsoft (MSFT<\/a> +2.68%) and Travelers each added 2.7%. Microsoft is restructuring to a simpler two-segment reporting structure. The biggest Dow contributor didn’t announce anything, but the overall vibe is clearly bullish. 25 of the 30 Dow stocks are higher right now.<\/p>\n

Index<\/p>\n

Dow Jones Industrial Average<\/p>\n

Today’s Change<\/p>\n

(1.18%) +624.16<\/p>\n

Index Level<\/p>\n

53,686.11<\/p>\n

Key Data Points<\/p>\n

Day’s Range<\/p>\n

53,286.15 – 53,746.50<\/p>\n

52wk Range<\/p>\n

45,057.28 – 54,744.33<\/p>\n

Then there’s Nvidia (NVDA<\/a> +1.80%), which generated the loudest headline of the day but one of the quieter stock moves. Rumor evolved into real news as Nvidia announced a $12.9 billion bid for AI platform Hugging Face<\/a>. The stock rose 1.3%, adding roughly $73 billion to Nvidia’s market value. Rumors of the same deal moved Nvidia 3.8% higher yesterday, so the official version was worth about a third of the speculation (but still several times Hugging Face’s price tag).<\/p>\n

\"Masked<\/p>\n

Image source: Getty Images.<\/p>\n

Semiconductors skipped the party<\/p>\n

Chip stocks are generally sitting out today’s market exuberance.<\/p>\n

Broadcom (AVGO<\/a> -2.75%) fell 3.6% after guiding fourth-quarter revenue to $34.8 billion against a $35.0 billion consensus. CEO Hock Tan also issued robust revenue guidance for the next two years, but Wall Street didn’t seem to care.<\/p>\n

Micron Technology and SK Hynix both slipped about 1.5%, and the iShares Semiconductor ETF finished slightly negative. The hardware sector caught a cold from Broadcom’s sneeze.<\/p>\n

Macroeconomic markers sent mixed signals today. Gold and Bitcoin (BTC<\/a> +5.58%) are up by 2% and 5%, respectively. The paired safe-haven bets linked up again after a split on Wednesday. As for the oil trade, the U.S. Oil Fund (USO<\/a> +0.67%) rose 0.8% while American ships escorted a record number of oil tankers through the Strait of Hormuz. Boosted oil shipments usually result in lower prices, but I see the opposite reaction today.<\/p>\n

The August jobs report arrives tomorrow morning, the final significant data release before the Federal Reserve meets Sept. 15-16. Thursday’s broad rally suggests the market has taken a position on what it will show. Spoiler alert: With a lead-in like this, people expect good news.<\/p>\n

Anders Bylund<\/a> has positions in Bitcoin, Micron Technology, and Nvidia. The Motley Fool has positions in and recommends Bitcoin, Broadcom, Goldman Sachs Group, Micron Technology, Microsoft, Nvidia, Tesla, and iShares Trust-iShares Semiconductor ETF. The Motley Fool has a disclosure policy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"On Wednesday, I suggested that the rest of the week should be calm. Maybe I jinxed the market…\n","protected":false},"author":2,"featured_media":604959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46],"class_list":["post-604958","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/604958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=604958"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/604958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/604959"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=604958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=604958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=604958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}