04:44 PM EDT, 10/06/2025 (MT Newswires) -- US equity indexes traded mixed at the close on Monday as semiconductor and software firms lifted the S&P 500 and the Nasdaq Composite, while a resolution to the partial federal government shutdown continued to elude lawmakers.

The Nasdaq Composite advanced 0.7% to 22,941.67, after scaling a new peak of 22,991.716 earlier in the session. The S&P 500 climbed 0.4% to 6,740.28. The Dow Jones Industrial Average, however, fell 0.1% to 46,694.97.

Consumer discretionary, communication services, and technology shares led gainers while consumer staples and real estate were among the decliners.

Advanced Micro Devices ( AMD ) will supply Microsoft ( MSFT )-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 Advanced Micro Devices ( AMD ) shares to $270 from $210. The stock soared 24%, topping the S&P 500 and the Nasdaq.

Tesla (TSLA) shares were up over 5.4%, among the leaders on the Nasdaq, after the electric vehicle manufacturer hinted at an event or announcement likely scheduled for Tuesday.

The partial federal government shutdown, which began last week after lawmakers disagreed on a key spending bill, entered its sixth day on Monday. Last week, it delayed the highly anticipated September jobs report. This week, trade and jobless claims are included in data that may not be released if the stalemate continues.

Gold futures jumped 1.9% to $3,984.63, after touching another all-time high of $3,994.50 intraday.

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

The Senate is scheduled to vote around 5:30 p.m. E.T. on a House bill that would fund the government until Nov. 21, though the measure is unlikely to pass, CNBC reported.

"We do not think that a delay in government data tied to the government shutdown will necessarily preclude an interest-rate cut at the October 29 Fed meeting because private employment reports can serve as backup data to light the path," Jennifer Timmerman, investment strategy analyst at the Wells Fargo Investment Institute, said in a note.

The probability that the Federal Open Market Committee will cut interest rates by an aggregate of 50 basis points by December is 83% as of late Monday, up from 67% a week ago. The likelihood of a 25 basis-point October reduction is currently 95%.

"The likelihood of more aggressive interest-rate cuts in the coming months is one reason why we recently boosted our US growth targets for 2025 and 2026," Timmerman added.

Most Treasury yields rose, with the two-year up 2.2 basis points to 3.59% and the 10-year rate jumped 4.1 basis points to 4.16%.

West Texas Intermediate crude oil futures rose 1.5% to $61.78 a barrel.