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Happy Thursday. This is TheStreet’s Stock Market Today for Oct. 2, 2025. You can follow the latest updates on the market here in our daily live blog.
The U.S. equities market is now open. Out of the gate, the Nasdaq (+0.59%) is leading the pack, sitting at 22,890.44, approaching 23K. The S&P 500 (+0.24%) is sitting above 6.7K at 6,725.69. Both hit an intraday record shortly after the open.
Also notable: The Russell 2000 (+0.24%) is at 2,442.54. Lastly, the Dow (+0.14%) is at 46,496.05. Outside of equities land, Gold is also on the rise, approaching the $4K threshold. Spot hit a record of $3,895.23. Futures are also trending higher.
Tesla (TSLA) just announced Q3 deliveries which vastly beat expectations. The company delivered 497,099 vehicles, vs. the Bloomberg estimate of 439,612. That made it its best quarter of deliveries ever.
The surprise likely stemmed from last-minute EV buying, which came ahead of the sunsetting of a federal tax credit. However, production came up short of expectations, with just 447,450 cars produced. Analysts were looking for 450,313.
Announced in concert, EV competitor Rivian (RIVN) delivered 13,201 vehicles, versus estimates of 12,955. It now sees deliveries for the year in a range between 41,500 to 43,500.
Good morning and happy day two to government shutdown watchers. Yesterday, as the government shut down at 12:01 a.m. ET, various agencies began furloughing approximately 750,000 employees. Today, we might get a glimpse of President Donald Trump’s plans to conduct mass layoffs.
This morning, stock futures are pointing up, with the Nasdaq (+0.39%) and Russell 2000 (+0.39%) showing gains before the open. The S&P 500 (+0.17%) and Dow (-0.07%) are showing less impressive moves from the close yesterday, which saw stocks stage a late-day rally.
Here’s what is on deck for today:
Ordinarily, today would have marked the release of Initial & Continuing Jobless Claims. However, with the government shut, data from the Bureau of Labor Statistics will be delayed. So too will other data, like Factory Orders.
So what will we get? Well, the Challenger Job Cuts data, which is already out and showed 54,064 layoffs in September. That was a considerable deceleration from last month’s 85,979 cuts and a hair more than a third of the analyst expectation of 150,000.
