On Monday, U.S. stocks surged as market participants prepared for a significant week dominated by a Federal Reserve rate decision, a jobs report, and Apple's earnings release.

As of 11:41 AM ET, the Dow was up 335.1094 points, or 1.0337%, at $32752.7. The Nasdaq Composite added 103.8125 points, or 0.7321%, at $14284.233. The S&P 500 rose 29.0698 points, or 0.706%, at $4146.44. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Energy leading the way with a -1.09% decrease.

This upward trend was widespread, with all 11 sectors of the S&P 500 showing gains. Notably, the communications services, consumer discretionary, and information technology sectors displayed strong performance. Large-cap technology companies also saw their stocks rise, with Amazon and Meta Platforms witnessing gains exceeding 2% each.

These developments come in the wake of the S&P 500 entering correction territory during the previous week. The broader index experienced a 2.5% decline over the week, resulting in a drop of more than 10% from its 2023 year-end peak. In October, the S&P 500 had already fallen by 3.2%, potentially marking its third consecutive negative month, a sequence not seen since 2020, at the onset of the pandemic.

Top Movers: Under $5

Miromatrix Medical Inc (MIRO) is up 216.35% today to trade at the current level of $3.29 after announcing an acquisition deal with United Therapeutics.

MeiraGTx Holdings plc (MGTX) zoomed 26.49% in today’s trade to $4.68 after announcing strategic updates including that Sanofi has made a $30 million strategic investment in the Company through the purchase of 4.0 million ordinary shares at a price of $7.50 per share.

In current trading, BioXcel Therapeutics Inc (BTAI) stock is at $3.77 following the receipt of permanent J-Code for IGALMI™ (dexmedetomidine) Sublingual Film from Centers for Medicare & Medicaid Services.

Safety Shot Inc (SHOT) rose 23.93% in the early hours of today's trading to move at $1.45. The company announced the direct-to-consumer launch of Safety Shot

In the current trading session, VYNE Therapeutics Inc (VYNE) jumped 21.60% to $2.73 over a previous close of $2.24 after reporting positive results from Preclinical Models for Oral BD2-Selective BET Inhibitor VYN202.

Ex-Dividends Stocks

AES Corp. (AES) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.17 per share. The company has fixed November 01 as the record date for the same and will pay the actual dividend on November 15. Last year, the company distributed a total of $0.69 to its shareholders. Based on the last year's worth of payments, AES has a trailing yield of 4.64% on the current stock price of $14.78.

Another stock that is shelling out dividends tomorrow is Ford Motor Co. (F), having a market capitalization of $39.12B. It will pay a dividend of $0.15 per share, the payment date of which is December 01. Currently, the stock is trading at a trailing dividend yield of 6.14%.

Shares of Realty Income Corp. (O) will be the talk of stock market on Tuesday 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, the company paid a total of $3.05 per share. Last year's total dividend payments show that O has a trailing yield of 6.72% on the current share price of $45.45.

Ally Financial Inc (ALLY) is also set to go ex-dividend tomorrow. The next dividend payment from ALLY will amount to $0.3 per share. November 01 has been designated as the record date for this dividend, with the actual payout scheduled for November 15. In the previous year, ALLY distributed a total of $1.18 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ALLY stands at 5.02% based on the current stock price of $23.61.

Oneok Inc. (OKE) will be paying out a dividend of $0.96 per share to shareholders holding their shares as of the close of the business hours on the record date of November 01. Over the past 12 months, OKE has paid out a total of $3.83 per share in dividends. Based on the total dividends paid out last year, OKE boasts an impressive trailing yield of 5.89% on the current share price of $64.96.

Crypto Market Highlights

Most Shorted Stocks

Carvana Co. (CVNA) was one of the most shorted stocks as of latest short interest figures, with 17.04% 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 3.1. This represents a change of 460000 shares, which corresponds to a +1.45% increase in short interest. The total value of the shares held short is estimated to be around $909.61 million. The average daily volume stands at 9.73M shares, and the market capitalization of the company is $3.00B.

The Ebix Inc. with the symbol EBIX currently has a short interest of 35.71%. The short interest has changed by 1290000 shares. The days to cover ratio stands at 7.7. The estimated value of the shares held short is approximately $48.15 million. On an average day, 1.16M shares are traded, with the company's market capitalization totaling $171.80M.

For the stock Cassava Sciences Inc (SAVA), the current short interest is at 35.61%. This represents a significant short interest change of -190000 shares, corresponding to a short interest percentage decrease of -1.34%. The days needed to cover the short positions amount to 13.1. The approximate worth of the shares held short is $255.44 million.

The stock GRPN has a current short interest of 33.83%. The short interest percentage has experienced increase of +1.86% while there was a change of 100000 shares in short interest. The ratio indicating the time required to cover short positions is 3.6. Trading activity averages at 1.49M shares per day, while the company's market capitalization stands at $388.04M.

Upcoming IPOs

Prospect Energy Holdings Corp. (AMGS) is all set for its debut on the NASDAQ exchange on October 30. The shares will be offered at a fixed price of $10.00 per share. With a total of 7,500,000 shares available, the company aims to raise approximately $75.00M through this IPO.

Globavend Holdings Limited (GVH) will be entering the market with its IPO on October 31, on the NASDAQ exchange. They are offering shares in the price range of $4.00 to $5.00. They plan to offer 1,875,000 shares, targeting a deal size of $8.44M.

Inno Holdings Inc. (INHD) is also scheduled to make its debut on the NASDAQ exchange on November 01. They are offering shares in the price range of $4.00 to $5.00. The IPO includes 2,500,000 shares, aiming for a deal size of $11.25M.

Pineapple Financial Inc. (PAPL) is set to join the NASDAQ on November 01. They are offering shares in the price range of $4.00 to $6.00. They are offering 875,000 shares, with an estimated deal size of $4.38M.

NYIAX, Inc. (NYX) is gearing up for its NASDAQ debut on November 03. Priced at an attractive $4.00 per share, they plan to offer 1,875,000 shares in total, with the goal of raising $7.50M through this IPO. Investors are eagerly anticipating this exciting entry into the market.