Amit Kukreja
S&P HITS NEW ALL TIME HIGHS, TESLA 460, BTC UP, GOVERNMENT SHUTDOWN VOTE TONIGHT | MARKET CLOSE
10/1/2025, 9:39:03 PM
Economic Summary
- Government shutdown begins but markets remain strong
- Trump to meet Xi Jinping to discuss soybean trade issues
- Tariff revenues planned to support US farmers
- Japanese bond yields hit highest levels since 2008
Bullish
- S&P 500 hits new all-time highs despite government shutdown
- Tesla breaks $460 ahead of potentially strong delivery numbers
- Ethereum up 5% with BitMine raising funds to buy more ETH
- SMCI surges 8% on breakout momentum
- Fermi IPO jumps over 60% in energy/data center sector
- Intel could gain AMD foundry business driven by US policy
Bearish
- Grab stock down 2.5% despite no headline news
- SoFi falls 2.6% due to lingering credit delinquency fears
- Opendoor's new 7-day home trial could be gamed by buyers
- Salesforce and Adobe face weak AI narratives hurting performance
Bullish tickers
SPXTSLAETHBMNRSMCIFERMIINTC
Bearish tickers
GRABSOFIOPENCRMADBE
People mentioned
Tom LeeDonald TrumpXi JinpingJerome PowellLisa SuTim CookJensen HuangMark CubanTodd WagnerHakeem JeffriesChuck Schumer