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News of the day for Oct. 14, 2025

Stock futures and bitcoin are sliding this morning, while gold continues hitting new highs, as investors keep an eye on developments related to trade tensions with China and await a speech by Federal Reserve Chair Jerome Powell; quarterly results from major U.S. banks are coming in better than analysts had anticipated; GM shares are down after the automaker revealed a $1.6 billion charge over weakness in its EV business; and shares of rare earth miners continue surging following China’s announcement of trade restrictions on the high-tech materials. Here's what you need to know today.

Stock futures are pointing to a lower open after major indexes rebounded Monday from a steep downturn to close out last week, as concerns linger about trade tensions between the U.S. and China, the world's two largest economies. Investors this morning are digesting earnings reports from major banks and are awaiting remarks from Fed Chair Powell, who is due to speak this afternoon on the outlook for the economy and interest rates. Futures tied to the Dow Jones Industrial Average were down 0.7% recently, while those linked to the benchmark S&P 500 and the tech-focused Nasdaq dropped 0.9% and 1.2%, respectively. Bitcoin was also down sharply after yesterday's rally, sliding to $111,300 in recent trading from an overnight high of around $116,000. The yield on the 10-year Treasury, which affects borrowing costs on an array of consumer loans, fell to 4.02%, its lowest level in a month.

Precious metals continue rising as many investors turn to safe-haven assets amid increasing stock market volatility and economic uncertainty. Gold futures were up 0.4% at $4,150 an ounce in recent trading, after hitting a record high of just under $4,200 earlier in the session. (Read here about how the surge in gold prices—the price of the precious metal is up nearly 60% since the start of the year—is leading a growing number consumers to sell gold jewelry, coins and other items.) Silver futures were also trading at an all-time high this morning, rising slightly to around $50.50 an ounce.

JPMorgan Chase (JPM) reported better-than-expected earnings as the banking giant led a string of reports from major financial institutions. JPMorgan shares were up slightly in premarket trading after the bank reported a 9% rise in revenue and a 12% jump in profits as increased stock trading helped boost the results. Wells Fargo (WFC) shares rose 3% ahead of the bell after the bank reported strong net interest income and raised its profitability target. Goldman Sachs (GS) also reported revenue and earnings that came in ahead of expectations, though its shares dropped about 2.5%. Citigroup (C) shares were up 1% after its results beat estimates.

General Motors (GM) said that its quarterly earnings next week will include a $1.6 billion charge associated with its electric vehicle business. The move comes after the U.S. ended its $7,500 tax credit for EV purchases. “Following recent U.S. Government policy changes, including the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations, we expect the adoption rate of EVs to slow,” the automaker said in a filing. GM shares were down about 2% in premarket trading.

Shares of U.S. rare earth mineral mining firms continued to gain in premarket trading after China threatened to restrict exports of the materials that are critical for high tech products. Shares of USA Rare Earth (USAR) were up 12% after gaining 19% yesterday. MP Materials (MP) shares were up 7% ahead of the bell, after soaring 21% in the prior session.

• Broadcom shares tore higher Monday after the company said it would collaborate with OpenAI, while other semiconductor makers got a boost from a more favorable outlook on trade with China.
• Shares of Las Vegas Sands and Wynn Resorts fell after a report showed a drop in Macau gaming revenue, reflecting disruptions from major weather events.
  

Semiconductor stocks gained ground Monday as China tariff concerns dissipated, while one chipmaker got a boost from a major artificial intelligence partnership announcement. Shares of casino operators fell as stormy weather dragged on gaming revenue in a key region.

Major U.S. equities indexes bounced back as President Donald Trump adopted a softer stance on trade relations with China and officials said the leaders of the two countries are still on track for an upcoming meeting. The S&P 500 jumped 1.6%. The Dow was up 1.3%, closing a bit above 46000, while the Nasdaq added 2.2%. For more Investopedia coverage of the day's major market stories, read here.  

Broadcom (AVGO) shares surged 9.9% after the chipmaker said it would collaborate with ChatGPT maker OpenAI on the development of artificial intelligence accelerator and network systems. The unveiling of Broadcom's partnership with the world's most valuable startup came a week after Advanced Micro Devices (AMD) announced its own OpenAI deal.

Nvidia (NVDA) said that its ethernet networking switches would be incorporated into AI data centers by (META) and Oracle (ORCL). The competitive threat from the AI chip behemoth weighed on shares of data center switch provider Arista Networks (ANET), which sank 4.3%. Nvidia's shares ended the day 2.9% higher.

Other semiconductor stocks gained ground Monday as concerns subsided about a possible intensification of U.S.-China trade tensions. The Philadelphia Semiconductor Index (SOX) jumped 4.9%, clawing back losses posted last week. Among the strongest performers were shares of ON Semiconductor (ON) and Monolithic Power Systems (MPWR), which gained 9.6% and 8.5%, respectively.

A lower percieved likelihood of increased tariffs on goods from China also helped drive a recovery in shares of companies that import a major portion of their products from the world's second-largest economy. Shares of electronics retailer Best Buy (BBY) bounced about 10% Monday.

Fastenal (FAST) shares fell 7.5%, the most of any S&P 500 stock, after the provider of industrial construction supplies missed expectations with its third-quarter earnings per share. An uptick in selling, general, and administrative costs weighed on profitability. The company said sluggish industrial production affected its performance but highlighted strength in its fastener product line.

Casino operators came under pressure after a report revealed that September gross gaming revenue in Macau fell more than expected. The underperformance of the Asian gambling hotspot reflects a disruption caused by Super Typhoon Ragasa. Storm-related impacts to the region continued in early October, as Typhoon Matmo also resulting in closures and travel cancelations. Las Vegas Sands (LVS) shares were down 6.3%, while Wynn Resorts (WYNN) stock lost 6.2%.

• Bitcoin has bounced back from a sharp downturn that briefly pushed the price of the pioneer cryptocurrency below the closely watched $110,000 level on Friday evening, but it remains well below the record high of around $126,000 a week ago.
• Since setting the new high just above an established three-month trading range, the price has staged a sharp retreat, raising the possibility of a rare triple top pattern in the process.
• Investors should watch critical support levels on bitcoin's chart around $107,000 and $93,000, while also monitoring key overhead areas near $123,000 and $139,000.

Bitcoin (BTCUSD) has bounced back from a steep downturn on Friday but remains well below the record high it hit last week.

The sell-off saw bitcoin drop to a low of about $107,000, triggering a record liquidation event across the broader crypto market, with losses totaling $19 billion. The move came after President Donald Trump announced new severe tariffs on China, stoking fears of escalating trade tensions between the world’s two leading economies.

The legacy cryptocurrency started to claw back a portion of those losses after Trump said Sunday that "it will all be fine" with China. Bitcoin was trading at $116,000 in late-afternoon trading Monday, a noteworthy recovery from Friday's low but still down about 8% from the record high of above $126,000 set a week ago.

Below, we break down the technicals on bitcoin’s chart and identify critical price levels that investors will likely be watching after the cryptocurrency’s recent volatility.

After hitting a fresh record high just above an established three-month trading range early last week, bitcoin’s price has retreated sharply, raising the possibility of a rare triple top pattern in the process.

Moreover, as the cryptocurrency made a higher high last Monday the relative strength index formed a relatively shallower high to create a bearish divergence, a technical signal pointing to waning buying momentum.

However, in a win for bitcoin bulls, the price found buying interest around the trading range's lower trendline and sits just above the respected 50-day moving average on Monday.

Let’s identify critical support levels to watch on bitcoin’s chart if the cryptocurrency comes under further pressure and also locate overhead areas worth monitoring.

The first lower level to watch lies around $107,000. This area on the chart finds a confluence of support from the nearby upward sloping 200-day MA and a trendline that stretches back to the cryptocurrency’s prominent December peak.

A breakdown below this critical location could see a more significant decline to the $93,000 level. Investors may look for entry points in this region around a trendline that links multiple peaks and troughs on the chart between November and May.

An initial recovery effort may lead to a retest of resistance near $123,000. The cryptocurrency could run into selling pressure in this location near the July, August and September highs, which also mark the recent trading range’s top trendline and potential triple top.

Finally, a breakout to a fresh all-time high could fuel a move toward $139,000. We projected this area by calculating the distance in dollars of the recent trading range and adding that amount to the pattern’s top trendline. For instance, adding $16,000 to $123,000 projects a target of $139,000.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

As of the date this article was written, the author does not own any of the above securities.

• A growing number of consumers are selling gold jewelry, coins and other items to take advantage of record-high gold prices, managers of jewelry shops and refineries say.
• Gold's appreciation has also made it harder to sell jewelry. Designers are taking steps to make accessories more affordable.

The price of gold has Americans rushing to their attics and closets in hopes of cashing in.

It's a form of 21st Century Gold Rush, in which consumers rummage through their family heirlooms, pulling golden items out of boxes. More Americans have been trading gold for cash as the price of the precious metal has surged to record highs, according to managers of jewelry shops and refineries that purify and reformulate gold for reuse or sale on commodity markets.

“People are coming in that weren’t thinking about it before,” said David Iskhakov, who owns Exclusive Jewelers in downtown Manhattan with his brother. “They’re coming in with their grandparents’ stuff, with inherited stuff, with birthday stuff, ex-boyfriends’ stuff… odds and ends, broken jewelry.”

Exclusive Jewelers is buying twice the volume of gold it did a year earlier, said Iskhakov, whose business buys, sells, repairs and designs jewelry. Coin dealers and people with gold items are coming in more frequently at W.E. Mowrey Refining Co., a precious metal dealership and refinery in St. Paul, Minn., general manager Craig Hirschey said.

Some, according to Hirschey, are relatively recent customers selling a purchase back. "Everyone's selling me more," he said.

Everyone's situation is different, but the price of gold has some people determining that it's a good time to sell jewelry, coins or other items that contain precious metals. Buyers, meanwhile, have to deal not only with higher prices but also a side effect: People have more incentive to try passing off counterfeit goods as real.

Gold prices, which shot past $4,000 an ounce last week, have hit a series of record highs recently and have risen nearly 60% since the start of 2025. Investors are pouring money into gold amid anxiety about a potential slump in the stock market, economic slowdown or renewed inflation.

Generations of investors have treated gold as a hedge against such circumstances, but the current enthusiasm may also reflect concerns about the stability of the U.S. dollar. The federal government shutdown, rising government debt and unease about how independent the Federal Reserve remains may be weighing on the dollar. Those questioning the stability of U.S. currency may be pivoting to crypto and precious metals.

It's a particularly lucrative time to sell jewelry, but that’s not the only reason traffic has picked up at jewelry stores and pawn shops, said Chris Wright, vice president of Utah-based Cascade Refining. Some people, he said, seem to be parting with items earlier than planned because they need money in a tough job market.

Consumers are buying less gold jewelry in part because high prices are daunting, Iskhakov said. Exclusive Jewelers is selling about 20% fewer accessories than a year ago, he estimated.

Some shoppers are gravitating to smaller pieces or lower-carat items to stay within their budget, he said. Jewelers have been embracing more affordable designs, such as pieces that incorporate lower-cost materials, accessories that are hollow or thin, and chains with larger gaps between links. That trend is likely to accelerate, said Iskhakov.

Not all new designs are easy to sell. Thin or hollow hoop earrings may be more affordable, but they can tax wearers' ears and are easier to dent or bend, said David's brother, Eli, who spells the family surname "Itskhakov." Older hoops, he said, aren’t flying out of the store either.

“You could try to sell little hoop earrings, and it was coming out to like $300, $400,” Itskhakov said. “Years ago, you would get that for $100, $150 … People, they’re like, ‘I’m not going to pay $400 for that.’”

Refiners say they're pulling in more material from jewelers and other commercial operators, including dental labs. Exclusive Jewelers liquidated hoop earrings and other items that were challenging to sell because of their price point or older style, the brothers said. 

The amount of gold, silver and other precious metals brought into Cascade Refining is up about 25% to 30% this month compared to a year earlier, Wright said. That's been the pattern for the past five or six months, he said.

W.E. Mowrey has spent 75% more on gold, silver, palladium and other precious metals in 2025 than at this point last year, Hirschey said, requiring the business to shift from its standard operating model. The refinery has more material ready for sale, but many of its regular customers don't need supply, so W.E. Mowrey has been selling on the wholesale market, which is less lucrative, Hirschey said.

“My demand is gone,” Hirschey said. “I have to sell upstream to an even larger refiner that's got overseas connections.”

UPDATE: This article has been updated to include additional information on the price of gold.

• Monday has brought more gains for shares of MP Materials and USA Rare Earth.
• Chinese regulators last week increased restrictions on exports that derive 0.1% or more of their value from rare earth technology. President Trump retaliated by boosting tariffs on Chinese imports.

U.S. rare-earths stocks are hot to start the week.

Shares of rare earth minerals providers MP Materials (MP) and USA Rare Earth (USAR) continued their recent climb Monday, rising after China took further steps to limit their exports to the U.S. Both companies' shares were up more than 20% in recent trading.

Chinese regulators, citing national security, last week banned exports that derive 0.1% or more of value from rare-earth technologies without government approval. That raised concerns about demand, lifting prices. Rare earth minerals are key to many high-tech industries, including chipmaking, and China is the top global producer. 

A popular way to play an increased interest in rare earths necessary for various industries has been through shares of companies that produce them. Fresh uncertainty in U.S.-China trade relations, however, has meant more volatility for those shares—though on Monday, that volatility meant a big upward move for a few companies' stocks.

President Donald Trump retaliated, boosting tariffs on Chinese goods to 100%. He later appeared to back down, posting on Truth Social site “Don’t worry about China, it will all be fine!” and saying that China's President Xi Jinping “just had a bad moment.”

That news has lifted U.S. stocks broadly today, reflecting a measure of relief after Friday's news weighed on shares.

MP Materials shares had risen nearly 500% this year headed into Monday's session, while shares of USA Rare Earth had about tripled.  

• News involving OpenAI has a tendency to move the shares of companies involved.
• Today's example is Broadcom, which saw its stock jump on news of a deal with the ChatGPT maker.
  

OpenAI isn't publicly traded. But when it acts, stocks often move.

On Monday, it was Broadcom's (AVGO) turn. Shares of the chipmaker were recently up nearly 10%, approaching 2025 highs, following an announcement that the ChatGPT maker would team with the chipmaker to co-develop AI systems for delivery from 2026 to 2029.

Today's climb in Broadcom shares is another example of the sustained popularity of the news-driven AI trade, which continues amid concerns about whether there's a bubble in the sector. It also highlights the power of OpenAI, considered the world's most valuable startup at about half a trillion dollars.

One way for a stock to get a lift these days: land a mention in a press release or news report involving OpenAI, the company known for ChatGPT. Shares of Broadcom jumped Monday on just such an announcement, the latest to involve a major tech company.

The deal is "a pivotal moment in the pursuit of artificial general intelligence," Broadcom CEO Hock Tan said in a statement. OpenAI chief Sam Altman called it "a critical step in building the infrastructure needed to unlock AI’s potential."

The Broadcom news follows a raft of other OpenAI announcements in recent weeks. News about a partnership with AMD (AMD) powered that chip maker's shares higher in early October. And Nvidia's (NVDA) stock rose last month after it announced plans to invest as much as $100 billion in OpenAI. (September reports also highlighted a multiyear Oracle (ORCL)-OpenAI deal worth hundreds of billions of dollars.)

And when OpenAI had a "DevDay" event earlier this month, shares of a range of companies that were mentioned—including Figma (FIG) and Expedia (EXPE)—also got lifts.

As for Broadcom specifically, its shares recently changed hands at about $356, roughly 9% off the Visible Alpha mean of Wall Street analysts near $389. The stock has gained 54% since the start of 2025.

Major U.S.stock indexes rose sharply Monday morning after President Donald Trump softened his tone on China. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were each up at least 1.3% in recent trading, recovering from a selloff on Friday.

Broadcom (AVGO) stock popped after the chipmaker and OpenAI announced a partnership for 10 gigawatts of custom AI accelerators. Shares of fellow chipmakers Advanced Micro Devices (AMD), Nvidia (NVDA), and ON Semiconductor (ON) also rose.

Warner Bros. Discovery (WBD) shares surged after the company reportedly rebuffed a takeover approach from Paramount Skydance (PSKY) for being too low. Paramount Skydance shares also rose slightly.

Shares of Bloom Energy (BE) soared on news that asset manager Brookfield (BAM) would spend $5 billion deploying the fuel cell company's technology in AI factories.

Fastenal (FAST) shares sank after the building products supplier missed third-quarter profit expectations.

General Mills (GIS) shares fell to a 52-week low on a rough day for stocks in the Consumer Staples sector, the only one of 11 tracked by the S&P 500 that is in the red Monday.

Gold futures soared to a record above $4,100 an ounce. Oil futures also rose. Bitcoin rebounded from weekend lows. The U.S. dollar gained ground against the euro, pound and yen. The bond market is closed for Columbus Day.

• JPMorganChase has launched a $1.5 trillion, 10-year initiative to boost sectors seen as vital to U.S. security and resiliency.
• The bank will invest up to $10 billion in select companies to help increase their growth, innovation, and strategic manufacturing.
• CEO Jamie Dimon said the U.S. is too reliant on others for important minerals, products, and manufacturing, and needs to "act now" to address those challenges.

JPMorganChase has announced plans to pump $1.5 trillion dollars over ten years into industries seen as critical to U.S. national interests.

Under the program, called the Security and Resiliency Initiative, the bank said it will “make direct equity and venture capital investments of up to $10 billion to help select companies primarily in the United States enhance their growth, spur innovation, and accelerate strategic manufacturing,” according a press release Monday.

News of JPMorgan's plans comes as major technology companies and the U.S. government have been announcing investments in critical industries to ensure the U.S. doesn't need to rely on producers in other countries. Several of the U.S. companies that have received those investments recently have seen their share prices surge.

The plan will focus on four key areas: Supply Chain and Manufacturing; Defense and Aerospace; Energy Independence and Resilience; and Frontier and Strategic Technologies. In addition JPMorgan has divided those into 27 sub-groups “ranging from shipbuilding and nuclear energy to nanomaterials and critical defense components.”

JPMorgan said that to drive the initiative, it will hire more bankers, investment professionals, and other experts, as well as “create an external advisory council of experienced leaders from the public and private sectors to help guide the long-term strategy.”

CEO Jamie Dimon said that the country has become too reliant on other places to provide critical minerals, products, and manufacturing. "Our security is predicated on the strength and resiliency of America’s economy,” Dimon said. “We need to act now.”

Shares of JPMorgan, which is due to release its third-quarter earnings report on Tuesday, were up 2% in recent trading, tracking a broader move higher for U.S. stocks. The stock has gained 28% since the start of the year.

• Fuel cell company Bloom Energy is among the latest stocks to pop on AI-fueled optimism, rising more than 20% Monday morning on news of a deal with Brookfield.
• How long can the optimism last? Someone's bearish prediction may well prove correct—and yet there are gains to be had in the meantime, a challenging proposition for any investor.
  

While investors try to work out whether we're in an "AI bubble"—and how much time there might be before it pops—there are still hot trades to be had.

The latest: Shares of Bloom Energy (BE) were up more than 20% Monday morning on the news that asset manager Brookfield (BAM) would spend $5 billion deploying the fuel cell company's technology in AI factories. A press release didn't offer too many details, but cited global opportunities and "a site in Europe that will be announced before the end of the year."

Today's pop marks another step higher for Bloom, which has climbed steadily and substantially in 2025. The stock recently was at $107, up from around $22 at the end of last year, as investors have sought to buy into AI up and down the food chain.

There are plenty of reasons to wonder how much energy there might be in the AI trade, or even U.S. stocks broadly, and Friday's move lower on trade concerns illustrated how jumpy some investors may presently be. But moves like Monday's pop in shares of Bloom Energy show that it's hard to predict just when the party might end.

It's also a fresh example of how there's still appetite for action even as questions remain about how much longer enthusiasm for AI spending can sustain strength in stocks amid a range of sources of worry. This morning alone, it was easy to find newsletters from financial media and research sources asking just how much longer the party could continue.

One recurring theme in recent days was the notion that, sure, things look hot, but that doesn't mean impending doom—or, at least, not at any time that can be predicted with confidence.

"While the GenAI boom echoes the dot-com era, it differs in key ways," reads a Monday report from BCA Research. "Valuations are elevated but not extreme, and the rally is still underpinned by solid earnings growth. With few warning signs flashing red, the bull market likely has further to run, though a period of consolidation is overdue."

Someone's bearish prediction may well prove correct—and yet there are gains to be had in the meantime, a challenging proposition for any investor.

"Even if a bull market is nearing its demise, you often can’t predict to the day when prices will turn," Ritholtz Wealth Management Chief Strategist Callie Cox wrote in a Monday email. "In the last 12 months of every bull since 1932, the S&P 500 has climbed an average of 30%. People lose touch with reality and throw money into corners of the market you wouldn’t believe—and yet, Wall Street plays along longer than you can imagine."

News of the day for Oct. 13, 2025

Stock futures are soaring this morning after President Donald Trump appeared to soften his stance on trade negotiations with China; gold futures are at fresh highs as investors continue to seek out the safe-haven asset amid market volatility; JPMorgan Chase (JPM) said it will invest $10 billion in critical U.S. industries; and mining stocks USA Rare Earth (USAR) and MP Materials (MP) surged after Trump’s remarks on trade with China. Here's what you need to know today.

Stock futures are surging after President Donald Trump said "it will all be fine" with China, a comment that eased the concerns that followed his announcement Friday that higher tariffs would be imposed on Chinese imports. The president's announcements on Friday spurred a selloff that sent major stock indexes into negative territory for the week. Futures tied to the Dow Jones Industrial Average were up 0.7% recently, while those linked to the benchmark S&P 500 and the tech-heavy Nasdaq jumped 1.1% and 1.6%, respectively. Investors this week will be keeping a close eye on big bank earnings as the government shutdown enters its 13th day. While the stock market is open for trading today, bond markets and banks are closed for the Columbus Day holiday.

Gold futures hit $4,100 an ounce for the first time Monday as investors continue pouring into the safe haven asset amid market volatility and economic uncertainty. Silver futures also hit a record high, jumping 5% to near $50 an ounce. Bitcoin (BTCUSD) rebounded after plunging on Friday, but remains well below the record high of about $125,000 set last week. The digital currency was at $114,000 recently, after sliding as low as $107,000 over the weekend. Several crypto-related stocks—including Strategy (MSTR), Coinbase (COIN), MARA Holdings (MARA) and Riot Platforms (RIOT)—were gaining ground in premarket trading.

President Donald Trump said, “The U.S.A. wants to help China, not hurt it!!!,” in a social media post on Sunday. “Don’t worry about China, it will all be fine!,” Trump said, just two days after announcing the U.S. would raise tariffs on Chinese imports by 100%. The president's threats on Friday followed China's move earlier in the week to tighten its export controls on rare earth minerals, which are needed for batteries, electronics and other high-tech uses. Earlier on Sunday, China had said it was “not afraid” of a trade war with the U.S.

JPMorgan Chase (JPM) said it will invest $10 billion in industries critical for U.S. national security, part of a broader initiative that calls for $1.5 trillion in investments over 10 years. JPMorgan said the investments would come in areas that include advanced manufacturing, defense and aerospace, energy independence and frontier technologies. Investments will be made in critical minerals, pharmaceuticals, artificial intelligence and cybersecurity. The world’s largest bank by market capitalization is scheduled to report quarterly earnings tomorrow morning before markets open. JPMorgan shares were up 1% in premarket trading.

Shares of several mining companies are soaring this morning after President Trump's latest comments on trade with China. USA Rare Earth (USAR) shares were up 15% in recent premarket trading, while  MP Materials (MP) added 8%. Lithium miners Albemarle (ALB) and Lithium Americas (LAC) each gained 3% ahead of the opening bell.

CORRECTION: This article has been updated to remove a reference to Treasury yields, as bond market trading is closed for the Columbus Day holiday.