U.S. stock futures were hovering around the flatline on Tuesday morning after the S&P 500 (SPX) and the Nasdaq Composite touched new highs yesterday, even as the U.S. government shutdown entered its second week. Futures on the Nasdaq 100 (NDX), S&P 500, and the Dow Jones Industrial Average (DJIA) were up 0.10%, 0.03.%, and 0.05%, respectively, at 8:18 a.m. EST on October 7.
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During Monday’s regular trading session, the S&P 500 and the Nasdaq Composite advanced 0.36% and 0.71%, while the Dow closed lower by 0.14%. Optimism tied to M&A activity, enthusiasm around artificial intelligence (AI) stocks amid lucrative partnerships, including the multibillion-dollar chip deal between AMD (AMD) and OpenAI, and hopes for an interest rate cut at the upcoming Federal Reserve meeting are fueling investor sentiment.
Coming to trending stocks, Trilogy Metals (TMQ) stock surged about 230% in Tuesday’s premarket trading after the U.S. government announced a $35.6 million investment to support metals exploration in Alaska. Meanwhile, Constellation Brands (STZ) stock was up 3.3% after beating the Street’s Q2 FY26 earnings estimates.
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