October 3, 2025 Trader at the New York Stock Exchange.
new york stock exchange
of S&P500 and Nasdaq Composite As the U.S. government shutdown continues, both indexes have paused their gains in the previous session and have retreated from Thursday’s intraday highs.
The broad market index fell 0.28% to end at 6,735.11, and the tech stocks index fell 0.08% to end at 23,024.63. At the day’s highs, the S&P 500 rose 0.2% and the Nasdaq rose 0.1%. of Dow Jones Industrial AverageMeanwhile, it fell by 243.36 points (0.52%) to close at 46,358.42.
The S&P 500 and Nasdaq closed record trading Wednesday, with the former marking its eighth day of wins out of the past nine days and the latter closing above the 23,000 mark for the first time in history. of DowMeanwhile, stocks ended slightly below flat on Wednesday as blue-chip stocks lagged. but Nvidia It helped limit losses for the 30-stock index, which rose more than 2% in the previous session, after CEO Jensen Huang told CNBC that computing demand has “increased significantly” this year.
“Clearly, the market has soared inexorably since the April financial crisis and continues to show signs that some people believe the stock market is overheated, leading to calls for some respite as the classic buy-on-the-moment strategy continues to persist,” said David Wagner, head of equities at Aptus Capital Advisors. “This market continues to rise. It’s just a rotation happening internally, which can cause intraday volatility and impact.”
software vendor oracle Thursday was a bright spot, with Nvidia, also in the AI field, hitting new all-time highs. The two names rose nearly 3% and 2%, respectively. The pair suffered losses earlier this week after reports that Oracle’s cloud business was facing challenges with Nvidia chip rentals and suffering from declining profit margins.
“As the market tries to analyze or decipher which partnerships have the best return on invested capital, we are seeing rotation among some players that appears to have a cyclical theme,” Wagner also said.
Investors were keeping an eye on the latest developments in the current government shutdown, which entered its ninth day on Thursday. The Senate failed for the seventh time to pass competing funding proposals, with Republicans and Democrats showing little sign of making progress in negotiations. Wall Streeters are watching to see whether the outage will hurt the U.S. economy, and some effects may already be starting to materialize.
On Wednesday, the IRS announced it would furlough nearly half of its employees due to the closure. On top of that, the Federal Aviation Administration is delaying U.S. flights due to a shortage of air traffic controllers.
delta airlines CEO Ed Bastian told CNBC on Thursday that he hasn’t seen “any impact” from the closures, but that “if this isn’t resolved, we could start seeing “some impact” in, say, another 10 days or so.” The stock was a winner in Thursday’s trading, surging 4% after stronger-than-expected profits.
costco The stock rose 3% after the major retailer reported strong September sales data, another boost on the day. Tom Heinlin of US Bank Asset Management believes the Delta Air Lines and Costco reports are evidence of consumer resilience in an uncertain macroeconomic environment.
“We can tell in real time if there’s a tipping point in consumer behavior, and we haven’t seen it yet,” the firm’s national investment strategist told CNBC.
