What happened last week…
Monthly winning streaks were extended for the three major indices with the DJIA and the S&P 500 both in the green for five straight months while NASDAQ was higher for six consecutive months. Third quarter performances were as follows: DJIA (5.2%), S&P 500 (7.8%), NASDAQ (11.2%). As for weekly performances, all three indices finished positive for the week: DJIA (1.10%), S&P 500 (1.09%), NASDAQ (1.32%). The DJIA and the S&P 500 achieved new record closes to end the week.
Tesla(TSLA) announced quarterly deliveries and production figures for Q3 2025, ahead of its earnings report scheduled for October 22. For the third quarter, total deliveries were a record 497,099 and total production was 447,450. Deliveries increased 7% year-over-year and landed higher than the expected figure of 447,600.
CoreWeave(CRWV) announced an agreement with Meta Platforms(META) to provide $14.2 billion of artificial intelligence cloud infrastructure through 2031. Meta has the option to “materially expand its commitment through 2032 for additional cloud computing capacity.”
The manufacturing PMI for September beat expectations (49.0) as it increased to 49.1 from 48.7. It is the highest reading since February 2025. The non-manufacturing PMI for September was 50.0, continuing the streak of consecutive expansionary readings.
TheADP employment change reported -32,000. Due to the government shutdown, the jobs data has been delayed. The following were expectations for Friday’s delayed release: the unemployment rate was expected to remain at 4.3%,nonfarm payrolls were forecasted to be 51,000, and average hourly earnings month-over-month were expected to remain at 0.3%.
According to FactSet, as of October 3, for Q3 2025, the estimated earnings growth rate for the S&P 500 is 8.0%, which would be the ninth consecutive quarter of growth. The figure is higher than the 7.3% estimate on June 30. The estimated revenue growth rate for the index is forecasted to be 6.3%, which is above the 4.8% growth projection on June 30.
Happening this week…
Earnings season is starting up this week!
Thanks for reading!
- The Rockline Team
Rockline Wealth Management (RWM) is a registered investment adviser located in Islip Terrace, NY. RWM is registered with the U.S. Securities and Exchange Commission. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission.
The information presented above is for informational purposes only and believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.