U.S. Indexes Attempt to Extend Winning Streak to Fifth Consecutive Week, AMD In Focus

Barry Adams
06 Oct, 2025
New York City

U.S. stock market indexes overlooked the continued federal government shutdown, and investors shifted their focus on the upcoming earnings season. 

The S&P 500 index edged up 0.3%, and the tech-heavy Nasdaq Composite advanced 0.5% as political stalemate dampened risk appetite. 

Lawmakers of both parties stuck to their positions, and the political impasse shows few signs of unlocking.

In addition, the lack of fresh macroeconomic data released by the government agencies complicated the outlook for monetary policy.  

The shutdown has delayed the release of September payroll data, leaving investors with less visibility of the inner workings of the U.S. economy.  

The economic data blackout is likely to continue this week as lawmakers of both parties struggle to strike a compromise and end the federal government shutdown. 

Later in the week, we plan to release the international trade data, weekly jobless claims, and the federal budget statement. 

France's benchmark indexes dropped 1.5% after Prime Minister Sebastien Lecornu tendered his resignation after 27 days on Monday, plunging the country into a deeper political crisis. 

 

Gravity-Defying Global Markets Rally Continued Unabated

Last week, stock market indexes on both sides of the Atlantic continued to defy gravity and scale new record highs amid an AI-powered global rally. 

Despite the ongoing macroeconomic headwinds and U.S. policy missteps, the narrow market rally pushed indexes to new record highs amid AI enthusiasm and earnings optimism. 

European markets flirted with new record highs, largely because of international fund flows and optimism about the defense spending. Investors overlooked growing political instability in France and worries about elevated debt levels in France and the UK. 

Markets in China struggled to hold on to recent gains as investors questioned the durability of the liquidity-driven rally amid intense competition in several key industries, including manufacturers of electric vehicles, renewable energy products, and industrial robots.

 

U.S. Stock Movers 

Advanced Micro Devices gained 26% to $208.39, and OpenAI signed a supply deal with the chipmaker and could take a 10% stake in the company. 

Fifth Third Bancorp decreased 2.4% to $43.38, and the regional bank agreed to acquire its rival Comerica Inc. for $10.9 billion in an all-stock transaction. 

Comercia jumped 12% to $79.30.