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Happy Tuesday. This is TheStreet's Stock Market Today for Oct. 7, 2025. You can follow the latest updates on the market here in our daily live blog.

Stocks got off to a strong start today, but it really seems to be coming undone right now, thanks to a trifecta of negative news. In short:

NY Fed reports that consumer Inflation Expectations rose month-over-month; one-year ahead now 3.4% (was 3.2%) and five-year ahead now 3% (was 2.9%).

Ford  (F)  (-4%) declining on a WSJ report that a fire at a key supplier could disrupt its business.

Oracle  (ORCL)  is said to have lost $100 million from renting new Nvidia  (NVDA)  Blackwell chips in Q3, per The Information

The U.S. stock market is now open. The Russell 2000 (+0.21%), Dow (+0.29%), Nasdaq (+0.20%), and S&P 500 (+0.20%) all rose to start the morning, jumping from modest declines in futures trading earlier.

With that, the S&P 500 and Nasdaq are once again sitting at intraday highs, now sitting at 6,754 and 22,987.68. The key will be holding onto those gains today, despite catalysts or certain economic data releases.

Really, the only news this morning seems to be a little heavy:

Prediction markets now seen forecasting 3+ week gov't shutdown.

President Trump and House Speaker Johnson warn that gov't workers might not receive backpay during shutdown.

The World Trade Organization (WTO) warns Trump tariff impact will arrive next year with a slowdown in trade growth

Gold hits $4K, as Fed cuts and economic jitters continue.

After notching its seventh record close in a row yesterday, does the S&P 500 have a 'lucky #8' up its sleeve today? With U.S. indexes down just a few basis points in futures trading, it's anybody's best guess.

The S&P 500 hasn't been alone. On Monday, the Nasdaq and Russell 2000 also set fresh record closes, adding to a market rally that has become a topic of increased speculation. Nowhere is that more obvious than in the announcement of a partnership between Advanced Micro Devices  (AMD)  and ChatGPT creator OpenAI yesterday, solidifying the staying power of the AI trade.

It also comes in the absence of certain key economic data, which has been suspended as the government remains shut for a 7th consecutive day. However, a resolution might be taking form, as President Donald Trump suggested that Republicans could work with Democrats on a key issue to procure their votes and end the shutdown.

In the meantime, here are today's highlights:

Unlike yesterday, today we'll have a few Fed speaking engagements this morning, while we also get to dip into data like the RCM/TIPP Economic Optimism Index (10:10 a.m. ET) and Consumer Credit Change (3:00 p.m. ET). At some point, there's also refreshed numbers on Used Car Prices coming today.

However, with the government shut, we'll be missing out on Exports, Imports, and the Balance of Trade for August. Here's what all to watch out for and when:

Earnings season is finally just over the horizon, with the first reports of the third quarter just two days away. The first of the major earnings, from PepsiCo  (PEP) , Delta  (DAL) , and Levi Strauss & Co  (LEVI)  will be out Thursday.

Notably, today is not Thursday. As a result, we'll only have one earnings report to pore over, from food firm McCormick & Company  (MKC) . It's also just dropped in the last 30 minutes, showing results largely in line with investor expectations.

Also shaking up 'business as usual', Gold surpassed the $4K point for the first time ever, notching its first close above the key benchmark and adding to an already-robust rally on Fed rate cut hopes and policy jitters.

However, it might not be the star of the show for much longer, as analysts now see Silver outstripping Gold in a catchup trade. They say that other precious metals might also mount similar catchups, like Platinum.

This story was originally reported by TheStreet on Oct 7, 2025, where it first appeared in the Stock Market News & Data section. Add TheStreet as a Preferred Source by clicking here.