Wall Street today: US stocks drift amid looming govt shutdown, Nvidia rises 2.8%, Micron Tech jumps 5%

US stocks were drifting on Monday, September 29, 2025, amid looming government shutdown.

The markets are contending with the September 30 deadline to avert a government shutdown depending on talks on Monday between President Donald Trump and congressional leaders.

As of 1:15 PM Eastern Time, the S&P 500 added 0.1%, the Dow Jones Industrial Average was down 0.1%, and the Nasdaq Composite was 0.4% higher.

As of 10:30 AM Eastern Time, the S&P 500 added 0.4%, the Dow Jones Industrial Average was down 0.1%, and the Nasdaq Composite was 0.9% higher.

At the open, the Dow Jones Industrial Average rose 59.0 points, or 0.13%, to 46,306.34. The S&P 500 rose 17.9 points, or 0.27%, to 6,661.58, while the Nasdaq Composite rose 121.2 points, or 0.54%, to 22,605.299.

In the bond market, the yield on the 10-year Treasury fell to 4.14% from 4.20% late on Friday.

Gainers and Losers

Electronic Arts stock surged 5% as the company announced it will be acquired by a consortium led by Saudi Arabia’s Public Investment Fund for $55 billion.

Among the technology stocks, Nvidia rose 2.8%, Micron Technology jumped 4.9%, Amazon added 0.7%, and Microsoft gained 0.8%.

Lam Research shares advanced 2.6% after Deutsche Bank upgraded the rating on the chip-making equipment firm to “buy” from “hold”.

Seagate Technology climbed 7.1% to hit a record high after two brokerages raised their target price.

Shares of Exxon Mobil dropped 2.2% and Chevron lost 2.3% as crude prices slumped.

Crude Oil

Oil prices tumbled on Monday as OPEC plans for another hike in oil output in November.

Brent crude futures dropped $1.26, or 1.8%, to $68.87 a barrel by 1309 GMT. US West Texas Intermediate crude was down $1.36, or 2%, at $64.36.

Bullion

Gold prices topped $3,850 per ounce for the first time on Monday as investors flocked to the safe-haven asset on US rate cut expectations.

Spot gold jumped 1.6% to $3,820.96 per ounce by 09:32 AM ET (1332 GMT), after hitting a record high of $3,831.19 earlier in the session.

US gold futures for December delivery rose 1.1% to $3,850.80.

Among other metals, spot silver climbed 1.7% to $46.78 per ounce, platinum gained 1.7% to $1,594.90, and palladium fell 0.4% to $1,265.25.