🔥 BREAKING: Dow Soars 491 Points After Trump’s Trade Promise – What’s Next? 📈

Stocks bounced back sharply on Monday following last week’s sell-off, buoyed by President Trump’s reassurances that trade relations with China “will all be fine.” The Dow rose 491 points (1.1%), the S&P 500 gained 1.5%, and the Nasdaq jumped 2%, with tech stocks leading the rally.

Broadcom surged over 7% after formalizing a partnership with OpenAI, while AMD, Nvidia, and Oracle also posted gains. Trump's toned-down tariff rhetoric helped ease investor concerns after Friday’s $2 trillion market drop.

Nearly 80% of S&P 500 stocks closed higher, and small caps rebounded as well. Still, market watchers remain cautious amid an ongoing government shutdown and the start of earnings season, with major banks reporting this week. The bond market was closed for Columbus Day.

Top Movers: Under $10 

American Battery Technology Company (ABAT) is up 38.98% today to trade at the current level of $9.38. This comes after the company announced that it has completed all of its required baseline studies and submitted all subsequent baseline reports to the U.S.

ENDRA Life Sciences Inc (NDRA) zoomed 26.57% in today’s trade to $8.2 after announcing an aggregate of $4.9 million in commitments for a private placement led by leading institutional and cryptocurrency investors.

In current trading, BigBear.ai Holdings Inc (BBAI) stock is at $8.27 after announcing a strategic partnership with Tsecond, Inc. to deliver AI-enabled edge infrastructure for mission-critical operations.

Professional Diversity Network, Inc. (IPDN) rose 29.05% in the early hours of today's trading to move at $3.82 after announcing the establishment of a wholly owned subsidiary in Tokyo, Japan.

In the current trading session, VCI Global Ltd (VCIG) jumped 16.56% to $4.43 over a previous close of $3.8 after announcing its financial guidance for the full year ending December 31, 2025.

Ex-Dividend Stocks

Cracker Barrel Old Country Store Inc (CBRL) is about to trade ex-dividend Oct 17, meaning that investors who buy the stock after Oct 17 will not be eligible for the next dividend payment. The company's next dividend payment will be $0.25 per share. It has fixed October 17 as the record date for the same and will pay the actual dividend on November 12. Last year, the company distributed a total of $1.00 to its shareholders. Based on the last year's worth of payments, CBRL has a trailing yield of 2.49% on the current stock price of $40.15.

Another stock that is shelling out dividends Oct 17 is Dime Community Bancshares Inc (DCOM), having a market capitalization of $1.28B. It will pay a dividend of $0.25 per share, the payment date of which is October 24. Currently, the stock is trading at a trailing dividend yield of 3.44%.

Shares of First United Corp (FUNC) will be the talk of the stock market on Oct 17 as the stock will turn ex-dividend. The company's next dividend payment will be $0.26 per share, and in the last 12 months, it paid a total of $0.88 per share. Last year's total dividend payments show that FUNC has a trailing yield of 2.49% on the current share price of $35.41.

Global Water Resources Inc (GWRS) is also set to go ex-dividend Oct 17. The next dividend payment from GWRS will amount to $0.03 per share. October 17 has been designated as the record date for this dividend, with the actual payout scheduled for October 31. In the previous year, GWRS distributed a total of $0.30 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for GWRS stands at 2.82% based on the current stock price of $10.63.

McGrath Rentcorp (MGRC) will be paying out a dividend of $0.48 per share to shareholders holding their shares as of the close of the business hours on the record date of October 17. Over the past 12 months, MGRC has paid out a total of $1.92 per share in dividends. Based on the total dividends paid out last year, MGRC boasts an impressive trailing yield of 1.68% on the current share price of $114.61.

Crypto Market Highlights

• BitMine, the largest corporate Ether holder, bought aggressively during the recent market crash, adding to its holdings, which now exceed 3 million ETH (about 2.5% of total supply), with an average purchase price of $4,154 per ETH.

• Binance's BNB token hit a new all-time high of $1,370, outperforming the broader market amid a $19 billion crypto liquidation event over the weekend.

• Strategy, led by Michael Saylor, added 220 Bitcoin worth $27.2 million, increasing its position as the largest public Bitcoin holder, with the purchase disclosed ahead of the SEC filing.

• Jeff Yan, CEO of Hyperliquid, stated that centralized exchanges—especially Binance—likely underreport liquidation data, raising concerns about transparency.

• WazirX received Singapore High Court approval for its restructuring plan, allowing user repayments to proceed after last year's $234 million hack.

Most Shorted Stocks

Groupon Inc (GRPN) was one of the most shorted stocks as of the latest short interest figures, with 35.01% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 5.8. This represents a change of -930000 shares, which corresponds to a -10.68% decrease in short interest. The total value of the shares held short is estimated to be around $159.8 million. The average daily volume stands at 1.38M shares, and the market capitalization of the company is $830.35M.

The Etsy Inc with the symbol ETSY currently has a short interest of 20.10%. The short interest has changed by 1080000 shares. The days to cover ratio stands at 3.6. The estimated value of the shares held short is approximately $1.37 billion. On an average day, 5.98M shares are traded, with the company's market capitalization totaling $6.91B.

For the stock Locafy Limited (LCFY), the current short interest is at 7.31%. This represents a significant short interest change of 51900 shares, corresponding to a short interest percentage increase of +173.00%. The days needed to cover the short positions amount to 0.0. The approximate worth of the shares held short is $0.42 million.

With the symbol SERV, the stock currently has a short interest of 27.45%. The short interest change is -90000 shares, compared with a short interest percentage change of -0.77%. It would take approximately 1.7 days to cover all the short positions. The shares short value is estimated to be around $1.25 million. The company boasts an average daily volume of 9.27M shares, contributing to a market capitalization of $916.49M.

The stock NUKK has a current short interest of 19.51%. The short interest percentage has experienced an increase of +72.54% while there was a change of 580200 shares in short interest. The ratio indicating the time required to cover short positions is 0.4. The calculated worth of the shorted shares amounts to around $94.21 million. Trading activity averages at 4.35M shares per day, while the company's market capitalization stands at $57.16M.

Upcoming IPOs

HW Electro Co., Ltd. (HWEP) will be entering the market with its IPO on October 17, on the NASDAQ exchange. The shares will be offered at a fixed price of $4.00 per share. They plan to offer 4,150,000 shares, targeting a deal size of $16.60M.

BGIN Blockchain Limited (BGIN) is also scheduled to make its debut on the NASDAQ exchange on October 21. They are offering shares in the price range of $5.00 to $7.00. The IPO includes 6,000,000 shares, aiming for a deal size of $36.00M.

MapLight Therapeutics, Inc. (MPLT) is set to join the NASDAQ on October 28. The shares will be offered at a fixed price of $17.00 per share. They are offering 14,750,000 shares, with an estimated deal size of $250.75M.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

P.S. Want my daily watchlists sent to your cell phone too? Join our WhatsApp Exclusive Community for real-time alerts on hot stocks. Stay ahead with instant updates and exclusive insights!