U.S. Government Shutdown Nears Record as Wall Street Mixed, AI Deals Soar

The U.S. government shutdown could surpass its 35-day record. Major AI deals and key earnings reports keep investors on their toes.

, and Administrator

2025 November 3 . 11:05 PM

1 min read

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U.S. Government Shutdown Nears Record as Wall Street Mixed, AI Deals Soar

The U.S. government shutdown is nearing its 35-day record, with predictions suggesting it could surpass 45.7 days. Meanwhile, Wall Street's major averages were mixed on Monday, and several companies are set to report earnings this week. The 10-year Treasury yield reached 4.11%, and the 2-year yield climbed to 3.61%.

OpenAI has inked a significant deal with Amazon Web Services, worth $38B, for Nvidia GPUs. This comes as Microsoft signed a $9.7 billion AI cloud services contract with IREN, a company that recently shifted from Bitcoin mining to operating a neocloud. The five-year agreement covers AI cloud capacity hosted in Texas.

In the earnings front, companies such as AMD, QCOM, SMCI, PLTR, PFE, MRNA, MCD, ABNB, and UBER are expected to report this week. The October U.S. ISM Manufacturing PMI stood at 48.7, signaling economic contraction. Additionally, the U.S. will suspend port fees for China-linked vessels starting November 10.

As the government shutdown approaches a record, investors await earnings reports and monitor economic indicators. The AI sector continues to grow, with major deals between OpenAI, Amazon Web Services, Microsoft, and IREN. The impact of the U.S. suspending port fees for China-linked vessels remains to be seen.