
S&P 500 hits record high despite government shutdown: Nvidia shares reach all-time high; Magnificent Seven including AMD, SK Hynix soar on AI frenzy while Tesla falters — what’s driving Wall Street to
Published on: Oct. 2, 2025, 7:53 p.m. | Source: The Economic Times
S&P 500 opened at a fresh record high on October 2, 2025, rising about 0.1% as investors. The market optimism is largely driven by the technology sector. Nvidia shares reached an all-time high. Other major AI-focused tech companies known as the "Magnificent Seven" are also reporting solid quarterly earnings.