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Stocks Rise as Shutdown Drags On | Closing Bell
Youtubeยท 2025-10-02 22:34
Market Performance - Major indices are at record highs, with the S&P 500 and Nasdaq composite both achieving new peaks [6][7] - The Dow Jones Industrial Average increased by approximately 100 points, or 0.2%, while the S&P 500 rose by about 5 points, or 0.1% [6][7] - The Russell 2000 index closed higher by about 16 points, or 0.7%, nearing its last record high [7] Sector Performance - Information technology was the largest contributor to gains, with communication services, industrials, and materials also performing well [8] - Consumer discretionary, energy, and consumer staples sectors lagged behind, contributing to the downside [9] Notable Gainers - Fair Isaac (FICO) shares surged by nearly 18% after announcing it will sell credit scores directly to mortgage resellers, impacting competitors Equifax and TransUnion negatively [10] - Nebulous Group (N.BIS) shares rose by about 9% following a deal with Microsoft worth approximately $9.4 billion to provide computing power for AI development [12] - Acer Space Mobile's stock increased by 16% as it continues to expand its satellite technology partnerships with AT&T and Verizon [15][17] Notable Decliners - Tesla shares fell by 5.1% despite reporting a record quarter of vehicle sales, raising concerns about future earnings amid changing market conditions [19] - Occidental Petroleum's shares dropped over 7% after announcing the sale of its oxy cam petrochemical unit to Berkshire Hathaway for about $9.7 billion, which was below analyst expectations [20] - Equifax shares declined by 8.5% following Fair Isaac's announcement regarding the direct sale of credit scores, marking it as the worst performer in the S&P 500 [21]