Stocks Close At Record Highs Amid Shutdown
Episode 342
MRKT Matrix - Thursday, October 2nd
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S&P 500 seesaws after hitting fresh record as U.S. government shutdown continues (CNBC)
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The government shutdown is likely to cement additional Fed interest rate cuts (CNBC)
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Tom Lee sees S&P 500 topping 7,000 by year-end, says don’t be fooled by shutdown calamity talk (CNBC)
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US Hiring Plans, Job-Cut Announcements Drop in Challenger Report (Bloomberg)
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Your expensive power bill is part of an alarming trend (Vox)
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Microsoft Bets $33 Billion on Neoclouds like Nebius to Ease AI Crunch (Bloomberg)
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Microsoft wants to mainly use its own AI data center chips in the future (CNBC)
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Intel stock is up 50% over the last month, putting U.S. stake at $16 billion (CNBC)
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OpenAI Valuation Reaches $500 Billion, Topping Musk’s SpaceX (Bloomberg)
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Tesla Sales Surge to Record on Rush to Snag US Tax Credit (Bloomberg)
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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets
Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs
Published on 2 months, 2 weeks ago