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WSJ Minute Briefing

U.S. Stocks Hit Record Highs on Shutdown’s Second Day

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 2 October 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

A global surge in chip stocks led the rally. Plus: Tesla shares fall despite posting positive sales. And Starbucks raises its dividend. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Boardrooms love buzzwords.

0:02.0

AI, climate, resilience.

0:03.8

But what do they actually mean for CFOs and execs trying to survive the next earnings call?

0:08.3

That's where the pre-read comes in.

0:09.9

Real experts and real talk.

0:11.7

Subscribe to the pre-read.

0:13.2

Presented by Workieva.

0:19.0

Here's your closing bell brief for Thursday, October 2nd.

0:22.6

I'm Catherine Sullivan for the Wall Street Journal.

0:25.4

U.S. stocks rallied today, even as the federal government shutdown entered its second day.

0:30.7

The NASDAQ led the major indexes higher, rising 0.4%, lifted by a global surge in semiconductor stocks.

0:37.4

The Dow was up 0.2 percent,

0:39.7

and the S&P was up about a tenth of a percentage point. All three indexes closed at new records.

0:45.7

Investors seemed to set aside concerns about the shutdown, with many looking ahead to the start

0:50.5

of earning season in two weeks. Among individual companies, shares of Fair

0:55.0

Isaac soared 18% after the credit analytics company said it would license its scores directly

1:00.6

to resaleers. The move sent stock in credit bureaus, Equifax, and TransUnion sharply lower.

1:07.2

Shares of Tesla fell 5%, despite the electric vehicle maker reporting a surprising 7.4% increase year-over-year in global deliveries, reversing previous declines.

1:18.5

Stalantis shares climbed 8% after the auto conglomerate posted a jump in third quarter U.S. sales, and Starbucks stock rose 3% after the coffee chain announced it was

1:29.0

raising its quarterly dividend to 62 cents a share from 61 cents. Heads up, an artificial

1:35.2

intelligence tool helped us make this episode by creating summaries that were based on

1:39.4

WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of the

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