What is the current status of the U.S. government?

The U.S. government remains shut down for a sixth consecutive day as of October 7th, 2025.

How are the major U.S. stock indexes performing?

The S&P 500, Nasdaq, and Russell 2000 all reached new record highs on Monday, October 6th, 2025, and continued their upward trajectory on Tuesday, October 7th.

What significant announcement was made in the tech sector?

Advanced Micro Devices (AMD) and ChatGPT creator OpenAI announced a partnership, solidifying the staying power of the AI trade.

Home / Business and Economy / S&P 500 and Nasdaq Reach New Peaks as Market Rally Persists

S&P 500 and Nasdaq Reach New Peaks as Market Rally Persists

7 Oct

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Summary

S&P 500 and Nasdaq set fresh record closes on Monday
AMD and OpenAI announce AI partnership, solidifying AI trade
Government shutdown continues, delaying key economic data releases

S&P 500 and Nasdaq Reach New Peaks as Market Rally Persists

On Tuesday, October 7th, 2025, the U.S. stock market opened higher, with the S&P 500 and Nasdaq reaching new intraday highs. This follows the indices setting fresh record closes the previous day, adding to a market rally that has become a topic of increased speculation.

The Nasdaq and Russell 2000 also reached record levels on Monday, further fueling the ongoing market rally. One notable development was the announcement of a partnership between Advanced Micro Devices (AMD) and ChatGPT creator OpenAI, solidifying the staying power of the AI trade.

However, the market's gains come in the absence of certain key economic data, as the government remains shut down for a sixth consecutive day. This has delayed the release of important figures such as Exports, Imports, and the Balance of Trade for August. Despite the lack of data, the market appears poised to continue its upward trajectory, with investors eagerly awaiting the start of earnings season later this week.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.