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On October 6, 2025, the S&P 500 Index ($SPX) is up +0.20%, while the Dow Jones Industrials Index ($DOWI) is down -0.25%. The Nasdaq 100 Index ($IUXX) has gained +0.59%, hitting a new all-time high. Advanced Micro Devices (AMD) surged over 28% following a deal with OpenAI worth tens of billions for AI infrastructure, significantly boosting chipmaker stocks.
The ongoing U.S. government shutdown has entered its second week, with an estimated 640,000 federal workers projected to be furloughed, potentially increasing the unemployment rate to 4.7%. In contrast, the bond market shows a 10-year T-note yield at 4.14%, up +2 basis points, as concerns over rising corporate earnings expectations are overshadowed by geopolitical uncertainties.
Market predictions include a 95% chance of a -25 basis point Federal Reserve rate cut at its upcoming meeting on October 28-29, amid rising corporate earnings optimism despite a projected Q3 profit increase of only +7.2%, the smallest in two years. Key upcoming reports will focus on consumer sentiment and Fed minutes.
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