The Dow finished lower as the government shutdown dragged on for a sixth day
The Nasdaq and S&P 500 kicked off the week with fresh record closes, as stocks rallied in response to deals between OpenAI and Advanced Micro Devices (AMD), as well as Fifth Third Bancorp (FITB) and Comerica (CMA). The Dow finished lower, however, as traders monitored the sixth day of the government shutdown, and officials continued to quarrel. Senators will vote on a House bill to temporarily fund the government for the fifth time this evening. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), snapped a five-day win streak.
Continue reading for more on today's market, including:
- Fifth Third calls are flying off the shelves in response to the merger.
- Tesla partnership rumors draw bulls to aviation stock.
- Plus, more on AMD's breakout; a new trading platform to know; and Bitcoin bulls turn a big profit.
5 Things to Know Today
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Figma (FIG) stock popped after OpenAI CEO Sam Altman promoted the design software during an onstage demonstration of
ChatGPT integrations. (
CNBC)
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Israel and Hamas delegations are negotiating an end to the
war in Gaza, with President Donald Trump urging both sides to "move fast."
(Reuters)
- Digging deeper into AMD's big day.
- Galaxy Digital launched a trading platform to rival Robinhood.
- Call traders quadrupled their money with this Hut 8 play.
There are no earnings reports of note.
Oil Moves Higher on Smaller-Than-Expected Output Hike
Oil prices settled higher on Monday after the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) oil production hike for November came in lower than anticipated, easing oversupply fears. November-dated West Texas Intermediate (WTI) crude added 1.3%, or 81 cents, to close at $61.69 per barrel.
Gold prices moved higher as well, breaking more records as investors stay on the safe-haven asset. Gold futures for December delivery were last seen up 1.7% at $3,976.30 per ounce.