Select Language

US stocks open higher despite concerns over the US government shutdown

Breaking news

US stocks open higher despite concerns over the US government shutdown

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.10.07 22:55
US stocks open higher despite concerns over the US government shutdown

update 2025.10.07 22:55

  • US stocks advance as investors assess the impact of Washington's budget paralysis.
  • Optimism around Artificial Intelligence remains strong following the deal between AMD and OpenAI.
  • Markets continue to price in a Federal Reserve rate cut in October.

US stocks move higher at the start of Tuesday's US session on Wall Street, with the S&P 500 up 0.1%, the Dow Jones Industrial Average (DJIA) gaining 0.3%, and the Nasdaq 100 adding 0.2%. Investors remain focused on the shutdown of the US government, now entering its second week, which has delayed the release of several key economic reports and made it more difficult for the Federal Reserve (Fed) to gauge the outlook.

This political uncertainty adds to a backdrop still dominated by strong enthusiasm for Artificial Intelligence (AI). The announcement of a major deal between Advanced Micro Devices (AMD) and OpenAI, under which AMD will supply AI chips in exchange for a 10% stake in the company, has driven AMD shares up by more than 23% and boosted the broader technology sector.

On the macroeconomic front, the shutdown continues to cloud economic visibility. The delayed release of the US jobs report deprives the Fed of key data ahead of its October meeting, where markets expect a 25-basis-point rate cut, according to the CME FedWatch tool.

Meanwhile, Gold reaches a fresh all-time high near $4,000 per ounce, supported by safe-haven demand and expectations of extended monetary easing.


Date

Created

 : 2025.10.07

Update

Last updated

 : 2025.10.07

Related articles


    Show more

    FXStreet

    Financial media

    arrow
    FXStreet

    FXStreet is a forex information website, delivering market analysis and news articles 24/7.
    It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
    Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

    Was this article helpful?

    We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
    We are also looking for writers with extensive experience in forex and crypto to join us.

    please contact us at [email protected].

    Thank you for your feedback.
    Thank you for your feedback.

    Most viewed

    Euro under pressure as French political turmoil drives safe-haven flows into US Dollar

    The Euro (EUR) remains under pressure on Tuesday, slipping toward a one-month low against the US Dollar (USD) as deepening political turmoil in France fuels risk-off sentiment in European markets. At the time of writing, EUR/USD is trading around 1.1672, stabilizing somewhat after earlier losses.
    New
    update2025.10.08 00:17

    US stocks open higher despite concerns over the US government shutdown

    US stocks move higher at the start of Tuesday's US session on Wall Street, with the S&P 500 up 0.1%, the Dow Jones Industrial Average (DJIA) gaining 0.3%, and the Nasdaq 100 adding 0.2%.
    New
    update2025.10.07 22:54

    WTI Price Forecast: Bearish bias persists below $61.50

    West Texas Intermediate (WTI) Crude Oil edges lower on Tuesday, giving back the previous day's gains as traders weigh the modest OPEC+ production hike against persistent oversupply concerns and subdued global demand.
    New
    update2025.10.07 22:23

    Silver price slips amid US Dollar strength, but record high remains achievable

    Silver (XAG/USD) edges 0.2% lower for the day on Tuesday, trading around $48.60 per troy ounce at the time of writing, after setting a new 14-year high at $48.77 on Monday. This consolidation move comes as the US Dollar (USD) regains traction, capping the metal's bullish momentum.
    New
    update2025.10.07 22:18

    Gold hovers near record highs as US Dollar and yields firm, market eyes $4,000 level

    Gold (XAU/USD) continues its historic climb, notching yet another all-time high near $3,977 on Tuesday.
    New
    update2025.10.07 21:20

    Parallels to last year's Copper price surge - Commerzbank

    The Copper price has reached levels close to $10,800 per ton, the highest since May of last year, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
    New
    update2025.10.07 21:04

    EUR is soft and trading defensively - Scotiabank

    The Euro (EUR) is down 0.3% against the US Dollar (USD) and showing signs of renewed weakness as it pushes back toward Monday's lows in the mid-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
    New
    update2025.10.07 21:00

    Gold outshines all safe havens - Commerzbank

    The Gold price continues its upward trend at the start of the new week, moving closer to the $4,000 per ounce mark. Some media reports attribute this to the ongoing US government shutdown.
    New
    update2025.10.07 20:56

    CAD is trading steady, outperforming on crosses - Scotiabank

    The Canadian Dollar (CAD) is once again trading flat against the US Dollar (USD) as it consolidates its recent losses and sees notable outperformance against most of its G10 peers.
    New
    update2025.10.07 20:53

    Drop in temperatures pushes gas prices higher - Commerzbank

    The European benchmark price for gas (TTF) jumped at the start of the week, trading at nearly EUR 33 per MWh, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
    New
    update2025.10.07 20:51

    Disclaimer:arw

    All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

    The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

    • Facebook
    • Twitter
    • LINE

    Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

    I agree
    share
    Share
    Cancel