RTTNews·2025-10-02 15:22Market Performance - Major averages initially extended their upward trend but later pulled back, with the Nasdaq up 20.19 points (0.1%) at 22,775.35, S&P 500 down 12.05 points (0.2%) at 6,699.15, and Dow down 153.45 points (0.3%) at 46,287.65 [1] - The initial upward move was partly due to optimism surrounding the artificial intelligence sector, particularly benefiting tech stocks [2] Company News - Nvidia (NVDA) saw a pullback but remains up by 1.4%, while Advanced Micro Devices (AMD) surged by 3.0% amid AI optimism [2] - OpenAI, the owner of ChatGPT, completed a deal valuing the company at $500 billion, surpassing SpaceX as the world's most valuable privately-owned company after selling about $6.6 billion worth of stock [3] Sector Performance - Gold stocks experienced a sharp pullback, with the NYSE Arca Gold Bugs Index plunging by 2.7% after reaching a fourteen-year closing high [5] - Pharmaceutical stocks also faced significant weakness, with the NYSE Arca Pharmaceutical Index down by 1.4% following a two-day surge [5] - Energy stocks showed notable weakness due to a continued decrease in crude oil prices, while semiconductor stocks performed strongly amid AI optimism [6] International Markets - Stock markets in the Asia-Pacific region mostly moved higher, with Japan's Nikkei 225 Index up by 0.9% and Hong Kong's Hang Seng Index surging by 1.6% [7] - Most European stocks also advanced, with the German DAX Index and French CAC 40 Index up by 1.2% and 1.1%, respectively, although the U.K.'s FTSE 100 Index fell by 0.3% [7] Bond Market - Treasuries climbed back near the unchanged line after initial weakness, with the yield on the benchmark ten-year note down by less than a basis point at 4.102% [8]