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- Dow Extends Record Run Despite Shutdown Concerns:<\/strong> The Dow Jones Industrial Average rose 78.62 points, or 0.17%, to close at 46,519.72. Investors looked past the second day of the government shutdown, keeping momentum intact after Wednesday\u2019s record finish.<\/li>\n\n\n\n
- S&P 500 Inches Higher After New Intraday Peak:<\/strong> The S&P 500 added 0.06% to finish at 6,715.35 after reaching a fresh all-time intraday high earlier in the session. It marked the index\u2019s 29th record close this year, building on Wednesday\u2019s milestone above the 6,700 threshold.<\/li>\n\n\n\n
- Nasdaq Hits Fresh Record as Nvidia Leads Tech Gains:<\/strong> The Nasdaq Composite advanced 0.39% to 22,844.05, supported by Nvidia, which climbed to its own record high as investors continued piling into AI-related stocks.\u00a0<\/li>\n\n\n\n
- European Stocks Push Higher Led by Tech and Autos:<\/strong> The Stoxx 600 rose 0.6% to a record close after hitting an all-time high earlier in the session, supported by strength in technology and auto names. France\u2019s CAC 40 gained 1.22%, Germany\u2019s DAX climbed 1.28%, and Italy\u2019s FTSE MIB added 0.3%, while the UK\u2019s FTSE 100 slipped 0.20% to 9,427.73. Technology was the standout sector after reports that OpenAI had raised $6.6 billion at a $500 billion valuation, sending the Stoxx Europe Technology index up 2.4%. Semiconductor stocks drove the rally, with ASMI climbing 6.6%, ASML advancing 4.3% and Be Semiconductor rising 4.5%. Autos also performed strongly, with Stellantis jumping 8.3% after posting a 6% increase in US sales, its first quarterly gain in more than two years. On the macro side, euro area unemployment ticked up to 6.3% in August, youth joblessness rose to 14.6%, while Spain reported unemployment at its lowest since 2007 alongside record tourist arrivals. Meanwhile, Switzerland\u2019s inflation rate stayed subdued at 0.2% year on year, underscoring the region\u2019s mixed macro backdrop.<\/li>\n\n\n\n
- Asia Markets Advance as Kospi Hits Record High:<\/strong> Asia-Pacific equities moved higher, with South Korea\u2019s Kospi surging 2.7% to 3,549.21 to close at a record peak. Gains were led by Samsung and SK Hynix, which rallied on news of a memory chip partnership with OpenAI, sparking optimism across the semiconductor sector. Japan\u2019s Nikkei 225 climbed 0.6% while the Topix slipped 0.54%, as consumer confidence data showed modest improvement. In Australia, the ASX 200 rose 1.14% despite weak household spending data, with hopes that lower rates will sustain momentum. Hong Kong\u2019s Hang Seng gained 1.30% as Zijin Gold soared nearly 12% in its third trading session, with tech shares also advancing. Broader sentiment was helped by South Korea\u2019s export surge, the fastest pace in 14 months, underscoring AI-driven demand for chips. Chinese and Indian markets remained closed for holidays, limiting regional flows.<\/li>\n\n\n\n
- Oil Drops to Four-Month Low on Oversupply Fears:<\/strong> Brent crude fell 1.55% to $64.34 a barrel, its lowest since early June, while WTI retreated 1.70% to $60.73. The declines followed reports OPEC+ may raise output by as much as 500,000 barrels per day in November, with sentiment further pressured by talk of a potential glut and renewed G7 efforts to restrict Russian oil flows.<\/li>\n\n\n\n
- Treasury Yields Hold Steady Amid Data Blackout:<\/strong> The 10-year Treasury yield eased slightly to 4.088%, while the 2-year ticked up to 3.547% and the 30-year slipped to 4.696%. Investors remain cautious as the shutdown delays major economic reports, including September\u2019s nonfarm payrolls, leaving markets to weigh Fed policy shifts with limited official data.<\/li>\n\n\n\n
- US Layoffs Decline in September but Hiring Plans Remain Weak: <\/strong>A private employment consultancy reported that planned job cuts fell 37% in September to 54,064, even as year-to-date reductions climbed to 946,426, the highest since 2020. Hiring plans remain subdued at 204,939 so far this year, the lowest level since 2009 when the economy was emerging from the financial crisis. With official reports delayed by the government shutdown, investors are turning to private trackers to gauge labour-market trends, as key releases including nonfarm payrolls and jobless claims remain suspended.<\/li>\n<\/ul>\n\n\n\n
FX Today:<\/strong><\/p>\n\n\n\n
![\"\"](\"https:\/\/www.infinox.com\/global\/wp-content\/uploads\/sites\/5\/2025\/10\/Currency-Strenght-3Oct25.png\")
<\/figure>\n\n\n\n- \n
- EUR\/USD Holds Ground with Momentum Capped Below 1.1760:<\/strong> EUR\/USD closed at 1.1720, down 0.05%, after trading between 1.1683 and 1.1757, finishing mid-range as intraday swings lacked conviction. The 50-day moving average at 1.1678 continues to offer support, with the 100-day at 1.1612 and the 200-day at 1.1184 underpinning the broader uptrend. Repeated failures above 1.1760 and 1.1820 leave 1.1850 as the key ceiling for buyers to clear. A break under 1.1700 would expose 1.1650, but the sequence of higher lows since August suggests the structure remains intact.\u00a0<\/li>\n\n\n\n
- GBP\/USD Slides After Another Rejection at 1.3500:<\/strong> GBP\/USD closed at 1.3447, down 0.23%, after trading between 1.3401 and 1.3510, slipping back after testing resistance at the 1.3500 handle. The pair closed under the 50-day moving average at 1.3463, while the 100-day at 1.3496 continues to cap upside momentum. The 200-day average at 1.3146 reflects the longer-term recovery from August lows, though near-term progress remains choppy. Key support is at 1.3400 and 1.3350, with buyers struggling to reclaim ground above shorter-term averages.\u00a0<\/li>\n\n\n\n
- USD\/JPY Steadies with Buyers Protecting 146.50 Support:<\/strong> USD\/JPY closed at 147.21, up 0.12%, after trading between 146.60 and 147.52, ending in the upper half of the day\u2019s range after recent pressure. The 100-day moving average at 146.48 provided support, while the 50-day at 147.78 and the 200-day at 148.27 now serve as near-term barriers. The broader structure has shifted from bullish to neutral after repeated failures above 150.00, with supply clustered near 149.00\u2013150.00 and demand between 145.50\u2013146.00. A break above 147.80 would open 148.30 and potentially 149.50, while weakness below 146.00 risks a move back to 145.50.\u00a0<\/li>\n\n\n\n
- AUD\/USD Pulls Back After Failing to Sustain Recovery:<\/strong> AUD\/USD closed at 0.6597, down 0.23%, after trading between 0.6576 and 0.6624, losing traction after an attempted rebound stalled. The 50-day moving average at 0.6541 continues to provide support, reinforced by the 100-day at 0.6522 and the 200-day at 0.6409 further beneath. Price action since July has remained sideways, with repeated failures above 0.6700 keeping the pair locked in range. Support is seen at 0.6550 and the 0.6500 floor, while resistance stands at 0.6640 and then 0.6700.\u00a0<\/li>\n\n\n\n
- Gold Eases from Highs After Rejection Below $3900:<\/strong> Gold closed at $3858, down 0.17%, after trading between $3819 and $3897, slipping back from fresh highs as the $3900 level once again capped the move. The 50-day moving average at $3511 continues to underpin momentum, with the 100-day at $3419 and the 200-day at $3181 confirming deep structural support. Successive higher lows since August highlight the broader bullish trend, though repeated rejections near $3900 show profit-taking pressure emerging at the top of the run. Key support lies at $3820 and then $3750 on deeper pullbacks, while resistance remains set at $3900 with scope to $3950 if broken. The outlook stays bullish overall, but stretched conditions warn of near-term consolidation before another attempt higher.<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Chip Stocks Gain on AI Momentum:<\/strong> Semiconductor and AI-infrastructure names advanced, with AMD up more than 3% to lead the Nasdaq 100, while Intel and GlobalFoundries also gained over 3%. Applied Materials, Lam Research, ASML and Marvell each added more than 2%, with Broadcom, Qualcomm, NXP and Texas Instruments rising more than 1%.<\/li>\n\n\n\n
- Crypto-Linked Shares Rally with Bitcoin Strength:<\/strong> Cryptocurrency-exposed stocks climbed as Bitcoin jumped more than 2% to a 1.5-month high. Coinbase surged more than 7%, MicroStrategy rose over 4%, and Galaxy Digital, Marathon and Riot all posted gains 1%.<\/li>\n\n\n\n
- Fair Isaac Soars on New Mortgage Program:<\/strong> Fair Isaac Corp rallied more than 17% to top the S&P 500 after unveiling a system allowing lenders to distribute FICO scores directly to customers. The move weighed on Equifax and TransUnion, which slumped 8% and 10% respectively.<\/li>\n\n\n\n
- Stellantis Jumps on Strong US Sales:<\/strong> Stellantis gained more than 8% after reporting a 6% rise in third-quarter US deliveries, its first quarterly increase in over two years, with Jeep, Chrysler and Ram brands showing solid momentum.<\/li>\n\n\n\n
- Celanese Climbs on Citigroup Upgrade:<\/strong> Celanese rose more than 7% after Citigroup raised its rating to buy from neutral, lifting its price target to $53.<\/li>\n\n\n\n
- Tesla Declines on Demand Concerns:<\/strong> Tesla dropped more than 5% to lead Nasdaq 100 losers as investors worried that demand will slow following the expiry of US federal subsidies for electric vehicles.<\/li>\n<\/ul>\n\n\n\n
Markets ended the day at record levels, highlighting the strength of risk appetite even as the US government shutdown enters its second day and economic data releases are suspended. Technology names and AI-linked momentum provided a strong tailwind, while resilience in Europe and Asia underpinned global sentiment. Yet questions over the duration of the political stalemate in Washington, the delayed jobs report, and pressure on oil markets leave investors with plenty to monitor. For now, equities continue to climb, but the balance between near-term disruption and longer-term optimism will define the next phase of market direction.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wall Street pushed higher on Thursday with all three major US indexes closing at fresh record levels, as investors looked beyond the ongoing government shutdown and focused on resilience in equities. Gains were modest, but both the S&P 500 and Nasdaq notched new intraday highs, led by strength in Nvidia and other AI-linked names, whileContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":27661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,112],"tags":[140,138,136],"class_list":["post-27660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-market-news","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":27660,"vi":27663,"zh_cn":27665,"pt":27668,"th":27670,"ko":27672,"zh_tw":27674,"es":27676,"jp":27678},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/27660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=27660"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/27660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/27661"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=27660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=27660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=27660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Crypto-Linked Shares Rally with Bitcoin Strength:<\/strong> Cryptocurrency-exposed stocks climbed as Bitcoin jumped more than 2% to a 1.5-month high. Coinbase surged more than 7%, MicroStrategy rose over 4%, and Galaxy Digital, Marathon and Riot all posted gains 1%.<\/li>\n\n\n\n
- GBP\/USD Slides After Another Rejection at 1.3500:<\/strong> GBP\/USD closed at 1.3447, down 0.23%, after trading between 1.3401 and 1.3510, slipping back after testing resistance at the 1.3500 handle. The pair closed under the 50-day moving average at 1.3463, while the 100-day at 1.3496 continues to cap upside momentum. The 200-day average at 1.3146 reflects the longer-term recovery from August lows, though near-term progress remains choppy. Key support is at 1.3400 and 1.3350, with buyers struggling to reclaim ground above shorter-term averages.\u00a0<\/li>\n\n\n\n
- S&P 500 Inches Higher After New Intraday Peak:<\/strong> The S&P 500 added 0.06% to finish at 6,715.35 after reaching a fresh all-time intraday high earlier in the session. It marked the index\u2019s 29th record close this year, building on Wednesday\u2019s milestone above the 6,700 threshold.<\/li>\n\n\n\n