Stock Market Week Ahead: OpenAI DevDep Day, Fed Minutes, Shutdown Impact
Investors·2025-10-03 21:25

Market Overview - The stock market experienced a rally with the Nasdaq, S&P 500, and Dow Jones Industrial Average reaching new closing highs, indicating investor optimism despite the federal government shutdown [1] - Analysts are revising third-quarter earnings estimates higher as the earnings reporting season approaches [1] Stocks to Watch - Nvidia (NVDA) has shown a strong rebound from its 50-day line, with a buy zone extending to 193.70 [2] - Coherent (COHR) is nearing a handle breakout after pulling back from a buy zone [2] - United Rentals (URI) is in a buy zone, rebounding from its 10-week line [2] - Sea (SE) and Expedia (EXPE) are also showing signs of support, with Sea rebounding from its 50-day/10-week line and Expedia jumping off its 21-day line [2] Upcoming Events - Delta Air Lines (DAL) is set to report earnings, marking the beginning of the third-quarter earnings season [6] - Other companies expected to report include Aehr Test Systems (AEHR), Levi Strauss (LEVI), and Applied Digital (APLD), all of which are near highs or in constructive chart patterns [6] - Taiwan Semiconductor (TSM) will report monthly sales ahead of its Q3 report on October 16 [6] OpenAI Developments - OpenAI is hosting its DevDep Day event, expected to unveil new products and features leveraging its latest AI models, including GPT-5 [5] - A new feature allows ChatGPT users to purchase items directly within the chatbot interface [5] - Nvidia has announced plans to invest up to $100 billion in OpenAI, which will in turn purchase Nvidia's advanced hardware systems [5]