Market Continues Higher as Apple Stock Hits Record Highs

The market is extending its morning gains with help from Apple (AAPL), which was up 4.3% at last check, trading at record highs after an upgrade from Loop Capital to "buy" from "hold." Investors are also increasingly hopeful regarding the government shutdown, which White House economic adviser Kevin Hassett said is likely to end this week. The Dow Jones Industrial Average (DJI) and Nasdaq Composite Index (IXIC) are both up over 300 points, while the S&P 500 Index (SPX) sits firmly higher as well. 

Continue reading for more on today's market, including: 

Beyond Meat Inc (NASDAQ:BYND) is soaring today, up 68.1% at $1.08 at last glance amid a short squeeze. The stock lost 67.9% just last week, hitting record lows on October 16. So far in the options pits today, BYND has seen 566,000 calls and 120,000 puts exchanged, which is already 9 times the volume typically seen in an entire session. The weekly 10/24 1-strike call is the most popular, with new positions opening there. 

Rapt Therapeutics Inc (NASDAQ:RAPT) is at the top of the Nasdaq today, up 36.2% at $39.95 at last glance. The biotech company released positive trial data for its experimental skin disease drug, RPT904, which was conducted in China with Shanghai Jeyou Pharmaceutical. Now trading at 52-week highs, RAPT is up 195% year to date. 

Taiwan-based crypto stock OBOOK Holdings Inc (NASDAQ:OWLS) is continuing its decline after its Nasdaq debut. The shares were last seen down 25.7% at $29.36, looking to extend their 28.9% drop from Friday.