US pre-open: Futures higher as AMD and Comerica deals lift sentiment
By Iain Gilbert
Date: Monday 06 Oct 2025
(Sharecast News) - Wall Street pushed higher in pre-market trade, buoyed by fresh M&A activity and strength in AI-linked names, as market participants looked past the ongoing government shutdown and associated data delays.
As of 1230 BST, Dow Jones futures were up 0.21%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.34% and 0.66% higher, respectively.
The Dow closed 238.56 points higher on Friday, registering yet another record high.
AMD surged over 20% in pre-market action after striking a multi-year GPU supply deal with Sam Altman's OpenAI, which could see the ChatGPT developer take a 10% stake in the chipmaker via a warrant agreement structured in tranches.
Regional banks also rallied, with Comerica up double-digits after Fifth Third Bancorp agreed to acquire the lender in an all-stock deal worth $10.9bn, creating the ninth-largest US bank by assets. Traders also seem to expect further consolidation across the sector, with the SPDR S&P Regional Banking ETF jumping 1% before the open.
Investors also largely shrugged off the Federal government shutdown, now in its sixth day, which has delayed key macro releases, including September's all-important non-farm payrolls report.
Trade Nation's David Morrison said: "While it remains unclear if any economic data may be released this week, there are plenty of Federal Reserve speakers to consider. These include Fed chair Jerome Powell on Thursday, with Michelle Bowman, Neel Kashkari and Raphael Bostic amongst the other headliners. And not forgetting the new boy, and president Trump's pick as governor, Stephen Miran. Mr Miran went against the grain and voted for a thumping 50 basis point cut at the last FOMC meeting in September."
No major data points were slated for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
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