AI Mania Lifts Stocks as Shutdown Drags On
Update: 2025-10-02
Description
AI mania grips Wall Street! OpenAI's valuation explodes to $500B, fueling record highs for Nasdaq, S&P 500, and Dow. Nvidia and chip stocks surge, but bubble fears loom. Government shutdown stalls jobs report, forcing Wall Street to seek private labor data amid signs of a cooling market. Tesla dips despite record sales, while bets rise for a Fed rate cut.
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