$5TNvidia became the first company ever worth $5 trillion on October 29, 2025, more than entire S&P 500 sectors such as utilities and consumer staples.
$1TApple was the first U.S. company to reach a $1 trillion market value, on August 2, 2018. Seven years later, Nvidia was five times that size.
9%Standard Oil was America's largest company in 1896, a title it took in 1884. By 1900 it alone made up about 9% of the entire U.S. stock market.
State of the Market
Rates, Volatility & Correlation
U.S. Treasury Yields
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3yr
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5yr
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VIX Index
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1Y Low—
1Y Average—daily closes
Implied Volatility
30-day · bar shows the 1-year range
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INDU
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RTY
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NDX
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SX5E
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Date
SPX
INDU
RTY
NDX
SX5E
Correlation
1yr daily · as of Nov 9, 2026
More diversifiedMoves together
Credit
Issuer 5yr CDS vs. Average
Average — bp, —.
5yr CDS by Issuer
Tighter than averageWider than averageAverage
Spreads & Senior Ratings
Issuer
5yr CDS (bp)
Moody's
S&P
Pricing
Pricing Trends — Callable Income
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Select one or more structures to chart. Table columns work too.
Coupon by Underlier Basket
Date
SPXRTYNDX
SPXRTYINDU
SPXINDUNDX
INDURTYNDX
1yr UST
Premium
Distribution
Deal Flow by Issuer
Notes traded through the firm, by trade week. Range: —
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Now available
Custodian Integration
Luma now integrates directly with the custodian. The Accounts page pulls in a fuller view of holdings, so reporting across your book is clearer and more complete.
Direct connectionHoldings come straight from the custodian.
Fuller pictureA more complete view of holdings on the Accounts page.
HouseholdingSee related accounts together as one household for each client.
Clearer reportingReport across your whole book from one place.
No additional costEnabling the feed is included in the Luma platform, for every custodian.
Integration guidesSelect your custodian to download its setup guide.
Last quarter we shipped a redesigned way to manage accounts, a smarter path for rollovers, and a simplified Creation Hub experience. Here's a closer look.
Create
Creation Hub Evolution
The next generation of Creation Hub has been designed to simplify product iterations, surface better decision-making insights, and streamline workflows. Users get a seamless journey from ideation to creation, execution, allocation, and monitoring.
Marketplace
Product Marketplace Redesign
The redesigned Product Marketplace adds new Payoffs/Features columns with interactive payoff diagrams, flexible filtering, and customizable PDF/CSV exports.
Lifecycle
Expanded Account View
By integrating directly with the custodian, the Accounts page now displays a fuller view of holdings, making for clearer reporting across your book.
