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Technology Pushes S&P 500, Nasdaq Composite Higher in Midday Trading
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Technology Pushes S&P 500, Nasdaq Composite Higher in Midday Trading
Oct 6, 2025 9:53 AM

12:16 PM EDT, 10/06/2025 (MT Newswires) -- US equity indexes were mixed, with gains in semiconductors and software companies pushing the S&P 500 and the Nasdaq Composite higher in midday trading on Monday.

The S&P 500 climbed 0.3% to 6,737.2, and the Nasdaq Composite advanced 0.6% to 22,913.3. The Dow Jones Industrial Average, however, fell 0.2% to 46,670.5.

Technology, consumer discretionary, and energy led the gainers while consumer staples and real estate were among the decliners intraday.

Advanced Micro Devices ( AMD ) will supply Microsoft-backed (MSFT) OpenAI with 6 gigawatts of graphics processing units as part of a multiyear deal, the companies said Monday. Benchmark adjusted its price target for the company's shares to $270 from $210. The stock soared 28% intraday, topping the S&P 500 and the Nasdaq.

The partial federal government shutdown, which began last week after lawmakers disagreed on a key spending bill, entered its sixth day on Monday. Top congressional leaders from both parties stuck to their opposing demands amid the shutdown, signaling the standoff will likely drag on when the Senate returns this week, CNN reported.

Gold futures jumped 1.8% to $3,979.91, and silver climbed 1.1% to $48.51.

The ICE US Dollar Index, which measures the greenback against a basket of currencies, advanced 0.4% to 98.11.

Most Treasury yields rose, with the two-year up 2.2 basis points to 3.59% and the 10-year rate jumped 3.9 basis points to 4.16%.

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