AMD(US:AMD) Stock Market Newsยท2025-10-03 21:07Market Overview - The U.S. stock market achieved new record highs on October 3, 2025, despite a government shutdown, driven by optimism around AI advancements and expectations for interest rate cuts by the Federal Reserve [1][4] - The Dow Jones Industrial Average (DJIA) closed at an all-time high of 46,238 points, up 0.5% [2] - The S&P 500 (SPX) also reached a record high of 6,823, increasing by 0.4% [2] - The Nasdaq Composite (IXIC) had a mixed performance, with reports indicating a slight increase of 0.1% to 16,215, while other analyses suggested a 0.3% decline [3] Individual Stock Movements - Palantir Technologies (PLTR) shares fell 7.5% due to reports of security vulnerabilities in a new system for the U.S. Army [5] - Humana (HUM) shares surged nearly 11% after reaffirming its outlook, positively impacting other health insurers like Centene (CNC) and Cigna (CI), which rose 5.1% and 4.7% respectively [6] - Applied Materials (AMAT) shares dropped 3% after projecting a $110 million revenue hit due to new export restrictions [7] - Exxon Mobil (XOM) shares increased by 1.6% as crude oil prices recovered [7] - Advanced Micro Devices (AMD) and Nucor Corporation (NUE) saw gains of 3.5% and 2.7% respectively, contributing to the Dow's performance [8] Upcoming Events and Economic Outlook - The Federal Reserve's FOMC meeting on October 28-29, 2025, is anticipated to influence market direction, with expectations for another interest rate cut [11] - The third-quarter 2025 earnings season will begin in the second week of October, with JPMorgan Chase (JPM) and Wells Fargo (WFC) among the first to report [12] - The ISM Services PMI for September showed stagnation at 50.0, down from 52.0 in August, with the government shutdown delaying other key economic indicators [13]