U.S. Stock Market Hits New Highs Amid Government Shutdown, AI Deals Drive Rally

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Citing Crypto.News, the U.S. stock market extended its rally on October 3, 2025, as the S&P 500 and other major indexes hit record highs despite the government shutdown delaying the release of the September jobs report. The S&P 500 rose 0.28%, the Dow Jones Industrial Average gained 180 points, and the Nasdaq Composite rose 0.25%. The Russell 2000 also rose 0.22%. The market continued to focus on AI-related deals, including one that values OpenAI at $500 billion, with companies like Nvidia, Intel, Hitachi, and Fujitsu involved. Analysts noted that investor sentiment remains bullish, with the market in a 'manic' zone. The delayed jobs report has shifted attention to the ADP private payrolls data, which showed a 32,000-job decline in September.

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