IPOs Priced or News: Olaplex (OLPX) price IPO at $21 a share above $14 to $16 range. Allvue Systems (ALVU) postpones IPO.

New SPACs launched: Jaws Spitfire Acquisition Corporation (SPFR) closes merger with Velo3D to trade as VLD today. Galileo Acquisition Corp (GLEO) completes merger with Shapeways and will trade as SHPW starting today. Union Acquisition Corp II (LATN) to merge with Procaps Groups to trade as PROC starting today.

Secondaries Priced: None of note.

Notes Priced of note:  SOFI AMT LXU RE of note.

Common Stock filings:  KAVL LILM of note.

Pricing of Over-Allotment: 

Selling Shareholders of note:  None of note.

Private Placement of Public Entity (PIPE): None of note.

Mixed Shelf Offerings: SRGA of note.

Convertible Offering & Notes Filed: None of note.

Note Offerings Filed: VIAV of note.

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

Ford (F) renews $15.5 billion in revolving corporate credit lines.

Mankind (MNKD) enters sale-leaseback that generates proceeds of $102.25 million.

Vintage Wine Estates (VWE) delays 10-K.

Regeneron Pharma (REGN) publishes positive Phase III trial results for REGEN-COV to treat Covid-19.

Johnson & Johnson (JNJ) gets FDA approval for GMP5 is suitable for use and meets EUA standard.

AstraZeneca (AZN) seen as 74% efficacy for Covid-19 symptomatic disease.

Virgin Galactic (SPCE) gets clearance from FAA to fly again after inquiry.

Index Changes: OptimizeRX (OPRX) to jooin S&P SmallCap 600 on 10/4.

General Electric (GE) wins $480 million Navy contract.

Raytheon Technologies (RTX) wins $360 million Navy contract.

After Hours- Higher: ORN +17% OPRX +11% SPCE +10% GLDD +5% ARCB +4%  Lower:  LNDC -15%

Dividend Announcements: Increases: SBUX EGBN OGE FTS 

Stock Split: 

Buyback Announcements: ASND CHDN 

Higher Guidance:  (After the Close)  of note (This Morning)  SCHN of note

Mixed Guidance:(After The Close)  of note  (This Morning) ANGO of note

Lower Guidance:(After The Close)  of note (This Morning) BBBY of note

What’s Happening This Morning: Futures value reflects the change with fair value.

S&P 500 +15 Dow Jones Industrial Average +124  NASDAQ +64  Russell 2000 +14. Fair values are mixed. Asia and Europe mixed. VIX is at 22.26 from 21.42 in futures from yesterday. Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.58 from $131.70  with yields at 1.532% from 1.515% yesterday morning. Bitcoin at $43,209 from $42,084 yesterday morning, trading at $1940 or 4.71%.

Wednesday’s Action – 9/28 Close.  

Positive Sectors Wednesday: Utilities, Consumer Defensive and Materials of note.

Negative Sectors Wednesday: Communication Services, Energy and Materials of note.

One Month Winners: Technology, Communication Services, Real Estate and Energy of note.

Three Month Winners: Technology, Communication Services and Healthcare of note.

Six Month Winners: Technology, Communication Services and Real Estate of note.

Twelve Month Winners: Communication Services, Energy, Technology, Financials and Industrials of note.

Year to Date: Energy, Communication Services, Energy, Financials, Real Estate and Technology of note.

Stocks were mixed, Bonds were higher, U.S. Dollar higher and Commodities lower. Updated 9/29 Close.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Gap Ups & Down In Early Pre-Market:

Gap up: PRGO +13.1%, ORN +12.7%, OPRX +10.8%, SPCE +9.3%, GLDD +4.6%

Gap down: LNDC -13.1%

Insider Action: Of note, LPTX UIC SAFE see Insider buying with dumb short selling and smart short sellers in FEIM SXT. 9/28

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

Stocks making the biggest moves KMX MKC FUBO MRK (CNBC)

5 Things to Know Before Market Opens. (CNBC)

Overnight Repo comes in at $1.297 trillion in Monday’s late afternoon report.

Covid Stats: Cases 106,794 from 121,918a week ago. Deaths 1,850 from 1,972 a week ago. Hospitalizations 74,923 from 82,870.

Evergrande will miss second payment. (Reuters)

Senate reaches a deal to avoid government shutdown while House go along? (CNBC)

Bloomberg sees the House going along with the above deal. (Bloomberg)

House passes debt ceiling suspension that is Dead On Arrival (DOA) in the Senate. (CNBC)

House to vote on $1 trillion Bipartisan Infrastructure Bill that is also DOA due to Progressive Democrats. (Politico)

Lordstown (RIDE) to sell its Ohio plant to Foxconn (FXCNY). (Bloomberg)

Moving Average Update

Score at 23% from 70% unchanged. Updated 9/29 Close.

Geopolitical: