Thursday’s Big Stock Stories That Could Move Markets

Thursday, October 02, 2025


​Wall Street Powers Higher
The S&P 500 cracked 6,700 for the first time, while the Dow, Nasdaq, and Russell 2000 also climbed as investors brushed aside shutdown worries. Meanwhile, gold hit another record and bitcoin joined the rally, underscoring how traders are hedging their bets.

Intel’s Surprise Momentum
Intel stayed hot after news it’s in early talks with AMD to manufacture chips through its foundry arm. Shares soared another 7%, extending a rally that’s already lifted the stock more than 40% since the Trump administration bought a 10% stake in August.

Health Care Gets a Shot in the Arm
The health care sector surged after Pfizer struck a drug-pricing deal with the White House. Pfizer is on track for its best week since the 1970s, while Eli Lilly and Merck are also notching their strongest streaks in years.

EV Deliveries in Focus
Electric vehicle makers are about to take center stage. Tesla is gearing up to post its fifth straight week of gains, while Rivian is limping into what looks like its worst week in a month. Both will report third-quarter deliveries Thursday.

Reddit in the Red
Shares of Reddit sank 12% after fresh data revealed ChatGPT cited the platform less frequently — sparking fears about declining relevance. It’s now staring at its worst week since early April.

A Hot Debut on Wall Street
Neptune Insurance Holdings made a splash, jumping 24% in its NYSE debut. The move comes as the government shutdown froze new applications at the National Flood Insurance Program, spotlighting demand for private alternatives.

Streaming Stumbles
Streaming stocks slid, led by Netflix, which dropped 2% to its lowest level since August. While there’s no clear catalyst, Elon Musk stirred controversy by urging followers on X to cancel their subscriptions.

The Bottom Line
​From Intel’s rebound and health care’s surge to Tesla’s delivery test and Reddit’s troubles, Thursday’s trading session is stacked with catalysts. Investors should brace for sector swings to set the market tone.