标普500创收盘新高，通胀降温助推美股

And right now we are two minutes away from the end of the trading day. Romaine Bostick here with Isabelle Lee taking you through to that closing bell. It's a global signing. Cats are joined now by Carol Massar. And there's also ten Nunavik. So we welcome our audience across all of our Bloomberg Television, radio, our partnership with YouTube. I know these boxes pop up for our TV viewers. I never know who's going next.

I mean, I'm here every day but you to I don't know, you're not here every day. I mean, I feel like one day Mike Bloomberg Bloomberg's just got to pop up on there and I hope so. That would be a lot of fun. That would be a fun conversation. I would totally love that. Hey, um, we might get another one that's sitting in right now. I don't know, let's ask him. Come on, let's go. No, I don't want to go. All right, so S&P 500, uh, we are looking at well we're right now below 7800.

We were thinking we could see our first close on the S&P above 7800. We'll see if we get there. But right now it's still going to be a record, right. Yes. Carol Massar. Well hey come on. And if you're, you know wait over there. We got a minute to go. We got a minute. We got a minute to go. Isabel. You know, I should note, this is we're only we're not even halfway through the month. We're already up over 4% on the S&P 500 for this month.

For this month alone. Yeah. Uh, well, we're only halfway through the month or so before month is about help us out here. Um, yeah. Isabel, help me out here. We got data this morning again, and it showed inflation moderating. And I feel like investors are breathing a sigh of relief. But we still have one more to monitor before the fed meeting, so we can't be too complacent, I would say. All right, well, we did get those, uh, two benign inflation reports.

And at least for right now, that combined with earnings giving investors a little bit of a window to move a little bit forward here with this bull market, a bull market that continues apace, a bull market that, at least for the broad market, is going to end the day at a record high. The S&P 500 looks like it's going to close right around that 7800 level for a while for these numbers to settle. It looks like it'll be a tick or two below.

That doesn't matter. That's still a record high of 50 points or 7/10 of a percent on the day. The Dow adding about 70 points, or about a 10th of a percent on the day. The Nasdaq composite up about 8/10 of a percent, the Nasdaq 100 up about 1%, and the Russell 2000. I just double check this. I believe it is a record high for the Russell 2000 as well, adding about 2/10 of a percent here on the day. Wait, do you know. Are you confirming it?

I'm 100% telling you the Russell 2000 Carol Massar. I'm just checking close at a record high. You got this incredible machine in front of you that tells you everything. All right, let's go to the S&P. All right, so Russell on a record you've got the S&P at a record. Uh I'm going to go back to the S&P 500 because you did have most names higher Isabel. In today's session about 319 uh, to the upside 183 lower this Thursday and had one unchanged.

Let's take a look at it. I'm up Carol. So it's mostly green on the screen. Biggest gainers of course tech higher by nearly 1.5%. Communication services also in the green by 4/10 of 1%. You see some peppers of, uh, red there. Um, I guess I'm wearing red. Uh, energy is down 2/10 of 1% and materials also lower by 1.5%. All right, well, speaking of materials, let's take a look at Applied Materials, the maker of equipment to make semiconductors out with this fiscal third quarter report.

Sales, at least for its semiconductor business, did beat estimates at about $7 billion. Net sales. The total amount of sales for the company as a whole is 9.21 in the quarter. That's a slight beat over the average of street estimates. They were looking for about 9 billion EPs in the quarter, a slight beat $3.50. The street was looking for 342. But I could tell you right now we need to dive a little bit deeper, because what everyone wants to know is what that fiscal fourth quarter forecast looks like, whether this phenomenal growth we've seen for this company can actually well, I will say, Gary Dickerson, uh, the company's president and CEO, says that he's further raising our semiconductor systems revenue expectations for calendar 2026.

They're confident that they'll grow faster than the market this year based on the increased demand visibility we are seeing from our customers, we expect another strong growth year for Applied Materials in 2027. All right. So I'm not quite sure. Forgive me. Right. If you already said this, but Matt does see fourth quarter net sales of 9.75 billion to 10.75 billion. This gets to outlook. The estimate on the street is 9.62 billion.

Interesting to see the stock. It is down about 4.6% in the aftermarket. Keep in mind it's up more than 100% year to date. Uh, Isabel says just a little bit of perspective, but we'll look for some more headlines here to cross. I think it's again, uh, expectation versus reality. And maybe investors are just expecting more and more. You have the CFO saying that this is the 13th consecutive quarter of year over year gross margin expansion.

So that is a lot. That's 13. I just want to just go go back to that number though, uh, because that fourth quarter number and I think you kind of understand that idea here also is everyone's looking at that percentage growth number and whether that's actually coming down. And it does appear I need to do the math. But when you look at that range of 9.75 to 10.75, and this idea here of a company that had been enjoying some pretty healthy double digit growth, and the idea that that's always going to be hard to sustain into the new fiscal year, if this is the fourth quarter number, I guess my big question is, what does the number for the full year up ahead actually start to look like?

That's not in the release. I'm sure they'll be asked about it on the conference call. Yeah. No, absolutely. And again, the stock not as low as it was um, paring some of the earlier loss but still down about two and one third percent, almost 3% here. So yeah a lot of questions here. There's also going to be questions I think too about CapEx and what the company's going to spend, uh, on investing. Uh, the company's, uh, senior Vice president, CFO Bryce Hill, saying that they're making additional manufacturing capacity investments to support projected demand through the end of the decade.

So that's up through the end of of, you know, the next few years, right? More than three years out there saying continued strong revenue growth in the second half of the calendar year, particularly in Dram, as well as leading edge foundry logic and advanced packaging. All right. So we're going to keep an eye on this. Look for a little bit more in terms of headlines. Uh, and obviously the uh analyst call. But again the stock we've seen a little bit under pressure.

Hey, I'm going to go to some of, uh, the gainers in today's session. Um, here's one group. Uh SanDisk Western Digital micron. Seagate Technology. These were top in the S&P 500 for the Nasdaq 100. Um, SanDisk alone was up 13.7%. You've got Western Digital up more than 7%. You've got micron up more than 4% and Seagate Technology up almost 5%. You did have SanDisk come out, uh, the computer hardware and storage company jumping to a session high, uh, might even be a close high, but I have to check on that after it announced its financial model for the years 2028 through 2030 at its 2026 Investor day.

Um, SanDisk targeting the following as part of its uh, outlook. Revenue growth in the mid to high teens during that period sees non-GAAP gross margins at about 80%, targets non-GAAP operating margin of about 75%. It goes on and on, but nonetheless, the whole sector we saw higher. I got to mention workday as well. Shares jumping intraday high of about 30% after a Reuters report that, uh, pri