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Stocks Nab Weekly Wins as S&P 500, Dow Extend Rally

By Laura McCandless | October 03, 2025, 4:26 PM

Brushing off the government shutdown, the Dow finished the day up 238 points for a record close, though off its session highs above psychologically-significant 47,000. The S&P 500 barely eked out an all-time closing high, with both indexes securing "perfect weeks" with their sixth-straight wins. Though the Nasdaq pulled back from its intraday record to snap a five-day win streak, the tech-heavy benchmark still turned in a strong weekly gain as investors turned back toward AI. 

Continue reading for more on today's market, including: 

  • New "buy" rating gave this drone stock a boost. 
  • Gold stock for bulls to keep an eye on. 
  • Plus, a quick recap of the week; FCX's upgrade; and USAR up on White House buzz.

Closing Indexes Summary Oct 3

NYSE and Nasdaq Stats Oct 3

5 Things to Know Today

  1. Healthcare spending is at the center of the government shutdown, which entered its third day today. (Reuters)
  2. President Trump set a Sunday night deadline for Hamas to agree on his peace deal in Gaza. (Bloomberg)
  3. This week's analyst notes, stock movers, and more. 
  4. Freeport-McMoRan stock upgraded amid surging copper prices
  5. USA Rare Earth stock hit record highs on potential government deal. 
There were no notable earnings reports today.
 
Unusual Options Activity Oct 3

Gold Notches 7th-Straight Weekly Gain

Oil prices rose for the first day in five, after news of the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) potential increases to crude supply. November-dated West Texas Intermediate (WTI) crude rose 56 cents, or 0.93%, at $61.04, but still fell nearly 7% for the week. 

U.S. gold futures for December delivery settled over 1% higher at $3,908.9 per ounce today. Investors have been flocking to the safe-haven asset to the tune of a 3% weekly win, its seventh straight.

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