The S&P 500 index ($ Spx) (Spy) Monday closed by + 0.36%, the Dow Jones Industrials index ($ Dowi) (Dia) closed by -0.14% and the Nasdaq 100 index ($ IuxX) (Qqq) closed up + 0.78%. Futures of December e-mini s & p (ESZ25) increased by + 0.37% and December in the long term of December e-min nasdaq (NQZ25) increased by + 0.75%.
The stock market indices mainly settled higher on Monday, the Nasdaq 100 displaying a new summit of all time. The micro advanced devices increased by more than 23% to drive higher flea manufacturers after its agreement with OPENAI on AI infrastructure, worth tens of billions of dollars, added fuel to the frenzy of the AI. The recent optimism according to which the growth of the AI sector and expenditure in artificial intelligence will result in companies’ benefits is a major factor for actions. Actions are also supported by the hope that an American economy resilient and an additional Fed Fed will continue to support the economy.
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The increase in bonds gives Monday the limited gains in shares, with the climbing of yields in 10 years of +4 bp to 4.16%. In addition, Verizon Communications fell by more than -5% to weigh on the Dow Jones Industrials. In addition, the closure of the US government has now entered the second week, weighing on the feeling of the market and delaying key economic relationships.
Government closed delays in the publication of government reports, including the monthly pay report last Friday. Prolonged closure could also delay data on government inflation, scheduled for October 15. The White House warned that if the government’s closure persisted, it would trigger generalized layoffs of government programs that do not line up with President Trump’s priorities. Bloomberg Economics estimates that 640,000 federal workers will be on leave during a closure, which would extend unemployed complaints and push the unemployment rate to 4.7%.
The closure of the US government in progress, the expectations of the softening of the additional Fed and political uncertainty in France and Japan also lead investors to have assets, such as gold and bitcoin. French Prime Minister Lecornu resigned after President Macron appointed a new cabinet, which raises uncertainty about the second economy in the euro zone. Meanwhile, Sanae Takaichi, a supporter of the easy tax and monetary policy, won the elections on Saturday to become the new Japanese leader of the LDP party in power and the potential Prime Minister. Gold and Bitcoin both jumped to new records on Monday, adding momentum to the so-called “discharge trade” while investors flee fiduciary currencies.
The focus on the market this week will be on new developments concerning the prices, trade or attempts of the legislators to end the closure of the US government in progress. Wednesday, the report of the FOMC meeting from September 16 to 17 will be published. Thursday, the president of the Fed Powell will make welcoming comments at a conference by the Fed Community Bank. Friday, the feelings of Consumer feelings of the OCT of the University of Michigan should fall from -1.1 to 54.0.
The rise in expectations of business profits is an optimistic backdrop for actions. According to Bloomberg Intelligence, more than 22% of S&P 500 companies provided advice for their quarter profits that should beat the expectations of analysts, the highest in one year. However, the benefits of the quarter should have increased by + 7.2%, the smallest increase in two years. In addition, T2 sales growth should slow down to 5.9%, compared to 6.4% in the second quarter.
The markets are prices in a 95% chance of a rate drop of -25 bp at the next FOMC meeting on October 28 to 29.
Stock markets abroad are now mixed. The Euro Stoxx 50 is down -0.35%. The composite of Chinese Shanghai has not exchanged and is closed for the a week’s lunar new year holidays. The Nikkei stock in Japan 225 reached a record and closed + 4.75%.
Interest rate
TOTES T December 10 (Znz5) Monday, closed by -9 ticks. The 10-year T-Note yield increased by +4.5 pb to 4.164%. T -rating prices were under pressure on Monday compared to actions. In addition, pressures of the T-shaped under-coting supply, the Treasury at auction 119 billion dollars of T and T-Bond notes this week, starting with the $ 58 billion auctions on Tuesday of 3-year ratings. T-notes losses are limited, as a prolonged American government closure could weaken the economy, a support factor for T notes.
Bond yields of the European Government increased on Monday. The 10 -year -old German Bund yield increased by +2.1 pb to 2.719%. The golden yield in the UK at 10 years has climbed to more than 1.751% of 1 week and finished by +4.6 bp to 4.736%.
The retail sales of the August euro zone increased by + 0.1% m / m, directly on expectations.
The OCT investor confidence index of the euro area Fenix increased from +3.8 to -5.4, stronger than the expectations of -7.7.
The president of the ECB, Lagarde, said: “Inflation in the euro zone remains close to our objective of 2%”, and it expects the economy to happen in 2026.
Exchanges reduce a chance of 1% for a rate drop of -25 bp by the ECB at its next political meeting on October 30.
US Stock Movers
Advanced Micro Devices (AMD) closed more than 23% to direct the actions of flea manufacturers and higher AI infrastructure actions and winners in the S&P 500 and the NASDAQ 100 after the company signed an agreement with OPENAI to deploy 6 GPU GPU GIGAWATTS over several years and gave OPENAI a warranty for 160 million AMD stocks. In addition, the super micro computer (SMCI) has closed more than 5% and Palant Technologies (PLTR), KLA Corp (KLAC), ARM Holdings PLC (ARM) and applied materials (AMAT) closed more than 3%. In addition, Lam Research (LRCX) and Marvell Technology (MRVL) are up more than 2%.
The shares exposed to cryptocurrency gathered on Monday after the price of Bitcoin increased by more than 2% to a record greater than $ 126,000. Coinbase Global (Coin), Galaxy Digital (GLXY), Mara Holdings (Mara), Strategy (MSTR) and Riot Platforms (Riot) closed more than 1%.
Critical Metals Corp (CRML) closed more than 46% after Reuters reported that the Trump administration had discussed the acquisition of equity.
Comerica (CMA) closed more than 13% after the fifth third bench agreed to buy the company for around $ 10.9 billion in equity.
Firefly Aerospace (FLY) increased by more than + 6% after declaring that it had concluded a final agreement to acquire Scitec for around 855 million dollars in cash and shares.
Salesforce (CRM) closed more than 2% to direct the winners of the Dow Jones Industrial after the company was mentioned during an annual event of Chatgpt developers on companies whose applications are integrated into Chatgpt.
Intellia Therapeutics (NTLA) closed more than 2% after Citizens JMP Securities LLC improved the action to outperform the market, with a price target of $ 33.
Micron Technology (MU) closed more than 1% after Morgan Stanley made the stock overwhelming equality of weight with a price target of $ 220.
Applovin (app) closed more than -14% to direct the losers of the S&P 500 and the Nasdaq 100 on a report which indicated that the SEC was investigating the company’s data collection practices.
Abercrombie & Fitch (ANF) closed more than -7% after Jpmorgan Chase degraded the stock to the neutral of the overweight.
Verizon Communications (VZ) closed more than -5% to direct the losers in the Dow Jones Industrials after having announced that Dan Schulman replaces Hans Vestberg as CEO, with immediate effect.
AT&T (T) closed more than -4% after Scotia Bank lowered the stock to the sector carried out from the outperformance of the sector.
The International Journal (IP) has closed more than -2% after Seaport Global Securities lowered neutral action.
Dollar Tree (DLTR) has closed more than -2% after Bernstein reduced its price for share to $ 1009, compared to $ 109.
NVIDIA (NVDA) closed more than -1% after the advanced Micro Devices competitor has announced an agreement of several billion dollars with Openai, which could challenge Nvidia’s domination in IA fleas.
Profits reports (10/7/2025)
McCormick & Co Inc / MD (MKC), Pengin Solutions Inc (Peng), Tuhura Biosciences Inc (Hura).
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