US PREMARKET STOCKS: October 3, 2025
US PREMARKET STOCKS: October 3, 2025
Futures Indices
Dow Futures: +0.31%
S&P 500 Futures: +0.35%
Nasdaq 100 Futures: +0.31%
US 10-year Yield: 4.10%
Market Environment
US indices are rising in pre-market trading this Friday, despite the extension of the US government shutdown, which is now in its second day. The resilience of Wall Street is surprising as the markets hit new highs — the Nasdaq Composite and S&P 500 both set intraday records on Thursday.
“Yesterday brought no sign of resolving the standoff, and investors are growing increasingly concerned it will continue next week.”
— Jim Reid, Deutsche Bank
The shutdown, triggered by the failure to reach a budget agreement between Republicans and Democrats, is depriving the markets of crucial data: the September employment report is postponed, as are weekly jobless claims.
Upcoming today:
Composite PMI Final (September) expected at 53.6
ISM Services Index (September) expected at 51.6
Bond yields are slightly up across the curve. The US 10-year yield has risen to 4.10%.
Commodities are also climbing: gold +0.11%, silver +0.57%, oil +0.98%.
Stocks to Watch
Ovid Therapeutics (OVID): +23.78%
The stock soared following the announcement of a $175 million private placement, a strong signal of investor confidence in the biotech company’s pipeline.
Hitachi (HTHIY): -6.25%
The Japanese group fell due to concerns over its partnership with OpenAI for data centers, according to news reports.
Algoma Steel (ASTL): -4.08%
The Canadian steelmaker plunged again and expects a quarterly loss of up to C$90 million, a warning that sent the stock to a new all-time low.
Recommendation Changes
No significant changes in recommendations to report today.
Have a great session everyone!
Sylvain Mouilhaud: Stock Coach