Stocks trade at record highs as government shutdown leaves economic data in limbo: What to watch

October 6, 2025

Stocks trade at record highs as government shutdown leaves economic data in limbo: What to watch

Breaking News

Image source: Adobe Stock

The biggest story for investors in the week ahead will be all the stories that won't be told.

Should the government remain shut down, releases including the Census Bureau's imports and exports figures, wholesale trade and inventories, and the key jobless claims numbers from the Labor Department will be delayed.

What we will get this week are the minutes from the September FOMC meeting, which saw the Federal Reserve vote to cut rates for the first time this year.

Of particular interest will be any commentary that paints a fuller picture of the views offered by newly appointed Fed governor Stephen Miran, who has enthusiastically called for stronger rate cuts than his colleagues at the central bank.

The University of Michigan's first look at consumer sentiment in October is also set for release, likely serving as the week's highlight if the government remains shut down. Yahoo Finance reports.

EdgeUp

🤖 AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake

AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.

The deal offers OpenAI an opportunity to take a stake in one of Nvidia's most formidable rivals and is a powerful endorsement of Advanced Micro Devices' (AMD's) AI chips and software.

"We view this deal as certainly transformative, not just for AMD, but for the dynamics of the industry," AMD executive vice president Forrest Norrod told Reuters on Sunday. Yahoo Finance reports.


🚙 Tesla teases Tuesday event as focus shifts to affordable EVs

Tesla on Sunday teased an October 7 event, as investors and analysts await a more affordable model to sustain sales momentum, sending shares of the company 2% higher in premarket trading.

In a nine-second video posted on social media platform X, the Elon Musk-led automaker showed a vehicle with its headlights illuminated in a dark setting.

The company hinted at an event scheduled for Tuesday in a separate video that had "10/7" at the end.

Tesla has previously delayed rolling out a lower-cost version of the Model Y in the United States.

The company said in June that it had made "first builds" of the vehicle, but would start selling it in the fourth quarter and ramp up output slower than planned. Yahoo Finance reports.


📊 Critical Metals shares surge after Reuters report says Washington eyeing stake

Shares of Critical Metals (CRML.O), surged over 75% in premarket trading on Monday after Reuters reported the Trump administration is discussing taking an equity stake in the development-stage mining company, citing four people familiar with the talks.

If completed, the deal would give the U.S. government a direct interest in Greenland's largest rare earths project.

Earlier this year, President Donald Trump had invoked emergency powers to boost domestic production of critical minerals as part of a broad effort to offset China's near-total control of the sector. Reuters reports.


📱 OpenAI’s third annual DevDay kicks off at 10 a.m. PT in San Francisco

Software and internet investors are keenly focused on where OpenAI will go next and how disruptive it could be,” said UBS analyst Karl Keirstead.

As OpenAI continues to expand, he said, “the consensus view is that it will have to diversify more aggressively beyond ChatGPT subscriptions.”

Investors will be looking for clues about those plans at OpenAI’s third annual DevDay, which kicks off at 10 a.m. in San Francisco.

The event could drive another round of stock moves with potential gains for partners or infrastructure providers and declines for companies in businesses the artificial intelligence giant is pushing into. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.


1) $SOPA: Society Pass
Total gain: +119.14%

2) $CRML: Critical Metals
Total gain: +76.06%

3) $ONMD: OneMedNet
Total gain: +56.31%

4) $AMDG: Leverage Shares 2X Long AMD Daily ETF
Total gain: +54.88%

5) $AMUU: Direxion Daily AMD Bull 2X Shares
Total gain: +54.63%

Friday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on October 3.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) EPSM: Epsium Enterprise Limited.
Total gain: +78.58%
The stock appeared to be moving on no notable news.

2) ANRO: Alto Neuroscience, Inc.
Total gain: +56.24%
The company announced that the U.S. Food and Drug Administration granted Fast Track designation to its investigational drug ALTO-101 for the treatment of cognitive impairment associated with schizophrenia. RTT News reports.

3) SYTA: Siyata Mobile Inc.
Total gain: +37.61%
The company announced the successful completion of its previously announced merger with Core Gaming, Inc. ("Core Gaming"). The merger officially closed on October 3, 2025, marking a significant milestone in the Company's strategic transformation. Benzinga reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


AEHR: Aehr Test Systems
Q1 2026
After Market Open
Estimate: 0.010
Actual: N/A

STZ: Constellation Brands
Q2 2026
After Market Open
Estimate: 3.390
Actual: N/A

Today’s Economic Dates

Time (ET) | Report | Period

5:00 PM - Kansas City Fed President Jeff Schmid speaks

Parting Thoughts

“The most important thing in trading is to understand risk, not avoid it.”

– Bill Lipschutz

Sourced in: 100 Top Motivational Trading Quotes by “The Robust Trader

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