The Nasdaq Composite Index reached a new all-time high led by growth and software stocks, even as the Dow slipped and the S&P 500 showed little movement. Investors are favoring growth names despite rising long-term Treasury yields, which typically pressure stocks. Key drivers included strong corporate deals like PTC's acquisition and upgrades to companies such as DraftKings and Harley-Davidson. Upcoming economic data, including ISM services and Fed minutes, will be closely watched as bond yields remain elevated, suggesting a cautious broader market outlook despite Nasdaq's strength.
DraftKings shows notable activity on Pluang with a market cap of $9.23 billion and a strong 1-day gain of 7.58% as of Oct 06, 2026 00:51 WIB. Harley-Davidson also stands out, rising 10.10% in one day and offering a dividend yield of 3.05%, while Estee Lauder maintains steady interest with a market cap of $33.61 billion and a 1.52% dividend yield. These movements highlight selective strength in consumer cyclical and staples sectors amid the Nasdaq's record high and mixed broader market signals.
Bank of America upgraded DraftKings from 'neutral' to 'buy' with a $27 price target, highlighting improved prospects in prediction markets after a 47% stock decline over the past year. The bank estimates prediction markets could generate $400 million...
Bank of America upgraded DraftKings stock to Buy from Neutral, citing reduced risks from prediction markets and a favorable risk-reward at current prices. DraftKings shares rose 5% following the upgrade, while competitors Flutter Entertainment and MG...
