Stock Market News·2025-10-03 16:07Market Performance - The U.S. stock market reached new all-time highs on October 3, 2025, with major indexes showing strong upward momentum despite a government shutdown [1][2][3] - The S&P 500 climbed to 6,715.35, marking a 3.5% increase in September and a nearly 14% year-to-date rise [2] - The Dow Jones Industrial Average rose to 46,519.72, and the Nasdaq Composite increased to 22,844.05, both achieving record closing highs [2] - Small-cap stocks, represented by the Russell 2000, hit their first record closing high since November 2021, with over a 10% increase this year [2] Economic Context - The market's resilience is notable given the ongoing government shutdown, which has historically introduced uncertainty [3] - Investors are focusing on strong economic fundamentals and advancements in technology, particularly in the AI sector [3][5] AI Sector Influence - The transformative power of AI is a significant driver of the market rally, with new AI winners like Broadcom, Oracle, and Palantir Technologies contributing to the S&P 500's gains [4] - The excitement around AI continues to propel market growth, with strategic partnerships in the semiconductor industry enhancing optimism [12] Corporate Earnings - In the Q3 2025 earnings season, 73.7% of S&P 500 companies that reported exceeded analyst expectations, above the long-term average of 67% [8] - Upcoming earnings reports include AerCap Holdings N.V. and SouthState Bank Corporation, which are expected to provide further insights into corporate performance [8] Upcoming Economic Events - The ongoing government shutdown has delayed the release of key economic data, including the September jobs report, complicating Federal Reserve decision-making [6] - Key economic announcements in October include the FOMC Minutes, CPI, and PPI reports, which will be closely monitored for signals regarding monetary policy and inflation trends [7] Major Stock Developments - Companies like Hitachi and Rumble have made headlines with significant partnerships and stock movements, reflecting the ongoing impact of AI on various sectors [12] - Traditional tech leaders like Apple, Amazon, and Tesla have seen more modest gains compared to newer AI-driven companies, indicating a shift in market dynamics [12]