Live Markets: Nasdaq, S&P 500 close at record levels on latest AI jolt
06/10/2025 21:23
S&P 500, Nasdaq rise; Dow slips
Cons discretionary leads S&P 500 sector gains, real estate loses most
Dollar up; gold, crude advance >1%, bitcoin up ~2%
U.S. 10-year Treasury yield rises to ~4.16%
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NASDAQ, S&P 500 CLOSE AT RECORD LEVELS ON LATEST AI JOLT
The Nasdaq .IXIC and S&P .SPX rose to kick off the trading week, with each at a record closing level, including the 32nd of the year for the latter index as investors continue to shrug off the ongoing government shutdown while AI-related deals continue to roll on.
AMD AMD.O shares surged 23.7% to close at $203.71, its highest level May 2024 after it reached a deal to supply artificial intelligence chips to OpenAI in a multi-year agreement that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy a stake of up to roughly 10% in the chipmaker.
Markets remain largely unfazed by the ongoing government shutdown, which reached its sixth day, as both Republicans and Democrats remained at a standstill while the White House turned up the pressure by ordering mass layoffs of federal workers.
On the downside, shares of AppLovin APP.O plummeted late in the session to close down 14.1% after Bloomberg News reported that the U.S. Securities and Exchange Commission has been probing the marketing platform's data-collection practices.
Consumer discretionary .SPLRCD led the S&P 500 sector gainers, buoyed by a 5.5% climb in Tesla TSLA.O shares, while real estate .SPLRCR lagged.
Below is your closing market snapshot:
(Chuck Mikolajczak)
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EARLIER ON LIVE MARKETS:
NVIDIA'S AI INVESTMENT STRATEGY: WILL IT 'CIRCLE' BACK? CLICK HERE
MORGAN STANLEY FINDS INFLATION CONCERN EASING BUT POSSIBLY TOO SOON CLICK HERE
GET READY FOR PRIME TIME CLICK HERE
SHUTDOWN SECOND-WEEK: S&P 500, NASDAQ RISE; AMD JUMPS ON OPENAI DEAL CLICK HERE
MORE ROOM TO RUN: YARDENI LIFTS S&P 500 INDEX TARGET TO 7000 CLICK HERE
"SIGNS OF STABILISATION" IN ASIAN LUXURY INDUSTRY CLICK HERE
CITI SEES EQUITY RALLY BROADENING CLICK HERE
FRENCH SHARES TUMBLE AS GOVERNMENT COLLAPSES CLICK HERE
EUROPE BEFORE THE BELL: FUTURES STEADY, JAPAN SURGES CLICK HERE
POLITICS DOMINATE MARKETS, FROM JAPAN STOCKS TO BITCOIN CLICK HERE
S&P 500 index performance YTD https://www.reuters.com/graphics/USA-STOCKS/akpexkgnevr/chart_eikon.jpg
Closing levels Oct 6 https://fingfx.thomsonreuters.com/gfx/mkt/lgpdaymzxvo/Pasted%20image%201759781414906.png