Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. Semiconductor and AI infrastructure stocks are driving the market higher. Lower bond yields are also boosting stocks. US MBA mortgage applications fell, and the government shutdown is causing delays in economic reports. Gold prices hit a new record high, driving investors to safe-haven assets like gold and Bitcoin.

Corporate earnings expectations are positive, with many companies expected to beat Q3 earnings estimates. Overseas stock markets are mixed, with the Euro Stoxx 50 up, Shanghai Composite closed, and Japan’s Nikkei down. Interest rates are steady, with T-notes up and European bond yields lower. German industrial production fell, while the Eurozone economy is showing signs of improvement.

US stock movers include chip makers and gold mining stocks, which are seeing gains. Companies like Dell, AMD, and Micron Technology are up. AST SpaceMobile, Confluent, QuantumScape, and Rocket Lab are also up. On the downside, Penguin Solutions, Joby Aviation, Intercontinental Exchange, and Fair Isaac Corp are down. Earnings reports for the day include companies like Acuity Inc, Conagra Brands, and RPM International Inc.

Read more at Nasdaq: Stocks Supported by AI Optimism and Lower Bond Yields