By midday U.S. markets have reclaimed part of yesterday’s losses. The Dow is up ~0.5–0.6 %, the S&P 500 up ~0.8 %, and the Nasdaq gaining ~1.1 %. The rally is being led by financials and chip names, bolstered by strong earnings and recovering sentiment around rate cuts. (turn0news24)

By midday, U.S. markets were slipping again after early attempts to rally reversed amid renewed U.S.–China friction. The S&P 500 was down about 0.6 %, the Nasdaq off ~0.9 %, and the Dow down 0.3-0.4 %. (From midday aggregates in live coverage) 24/7 Wall St.+2Reuters+2

Materials (especially mining, rare metals, battery minerals) are strong as traders bet on reopening of trade corridors, easing of export straits, and reengagement in global supply chains.

At the halfway mark, U.S. markets are in the red, reversing earlier modest gains as a surprise trade shock ripples through sectors. The Dow is off more than 400 points, the S&P 500 down ~1.3 %, and the Nasdaq slipping ~1.8 %.

Wall Street is trading with a sense of cautious optimism. The SPDR S&P 500 ETF (SPY) is up modestly, and the iShares Russell 2000 ETF (IWM) — a proxy for small- to mid-cap stocks — is also inching higher.

The U.S. equity markets entered October 7 with a calm yet cautious tone. The S&P 500 and Nasdaq nudged higher, approaching fresh intraday highs, but gains were modest as investors digested competing forces — exuberance around AI developments and expectations of rate cuts, tempered by concerns over the ongoing U.S. government shutdown and valuation tension. Meanwhile, small-cap stocks showed resilience, helping broaden the rally. Here’s the full story, from the SCN Editorial Team.