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Stock market today: Dow, S&P 500, Nasdaq futures tick up as government shutdown drags on
Yahoo Financeยท2025-10-05 23:27

Market Overview - US stock futures showed modest gains as the federal government shutdown continued, with Dow Jones Industrial Average futures up 0.1%, S&P 500 futures up 0.3%, and Nasdaq 100 futures leading with a 0.5% increase [1] - The S&P 500 and Nasdaq Composite recorded their fourth weekly gains in five, rising 1.1% and 1.3% respectively, while the Dow advanced 1.1% for its third positive week in the past four [2] Economic Insights - Investors are largely ignoring the ongoing government shutdown and the resulting delay in key economic data, including the jobs report [2] - Insights into the Federal Reserve's perspective are anticipated this week, with speeches from Fed Governor Stephen Miran and Chair Jerome Powell scheduled [3] Company Performance - Hon Hai Precision Industry Co. reported an 11% increase in quarterly sales, indicating strong demand for AI-related chips and servers [6] - The company, also known as Foxconn, achieved revenue of NT$2.06 trillion (approximately $67.6 billion) for the quarter ending in September, aligning with analyst expectations [7] - Hon Hai's results support the notion of a sustainable post-ChatGPT boom in AI infrastructure, attracting significant investment from major tech firms and startups [8] Market Trends - The ongoing government shutdown has contributed to a record-setting run in gold prices, approaching $4,000 [10]