Wall Street ticks to more records, led by technology stocks

NEW YORK (AP) — U.S. stocks edged up to more records on Thursday as technology stocks kept rising and as Wall Street kept ignoring the shutdown of the U.S. government.

The S&P 500 added 0.1% to its all-time high set the day before. The Dow Jones Industrial Average rose 79 points, or 0.2%, and the Nasdaq composite climbed 0.4%. Both also hit records.

Thursdays on Wall Street typically have investors reacting to the latest weekly tally of U.S. workers applying for unemployment benefits. But D.C.’s shutdown meant this week’s report on jobless claims has been delayed. An even more consequential report, Friday’s monthly tally of jobs created and destroyed across the economy, will likely also not arrive on schedule.

That increases uncertainty when much on Wall Street is riding on investors’ expectation that the job market is slowing by enough to convince the Federal Reserve to keep cutting interest rates, but not by so much that it leads to a recession.

“The Fed has been on record that they are very data dependent, and the lack of data from public sources is likely to be problematic,” said Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute.

So far, the U.S. stock market has looked past the delays of such data. Shutdowns of the U.S. government have tended not to hurt the economy or stock market much, and the thinking is that this one could be similar, even if President Donald Trump has threatened large-scale firings of federal workers this time around.

That left corporate announcements as the main drivers of trading Thursday.

Stocks in the chip and artificial-intelligence industries climbed after OpenAI announced partnerships with South Korean companies for Stargate, a $500 billion project aimed at building AI infrastructure.

Samsung Electronics rose 3.5% in Seoul, and SK Hynix jumped 9.9%.

The announcement also sent ripples around the world. On Wall Street, Advanced Micro Devices climbed 3.5%, and Broadcom gained 1.4%. Nvidia’s 0.9% rise was the strongest single force pushing the S&P 500 upward.

Excitement around AI and the massive spending underway because of it has been a major reason the U.S. stock market has hit record after record, along with hopes for easier interest rates. But AI stocks have become so dominant, and so much money has poured into the industry that worries are rising about a potential bubble that could eventually lead to disappointment for investors.

Occidental Petroleum fell 7.3% after it agreed to sell its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion in cash. It could be the final big purchase for Berkshire Hathaway with famed investor Warren Buffett as its CEO.

Fair Isaac jumped 18% to its best day in nearly three years after announcing a program that will streamline access to its FICO credit scores, potentially cutting out such big credit bureaus as TransUnion, Equifax and Experian.

TransUnion’s stock tumbled 10.6%, while Equifax slid 8.5%.

All told, the S&P 500 rose 4.15 points to 6,715.35. The Dow Jones Industrial Average added 78.62 to 46,519.72, and the Nasdaq composite gained 88.89 to 22,844.05.

The stock of a third credit bureau, the United Kingdom’s Experian, fell 4.2% in London. It helped drag London’s FTSE 100 down by 0.2%, but indexes were much stronger across Europe and Asia.

South Korea’s Kospi leaped 2.7% for one of the world’s largest gains following the big jumps for Samsung Electronics and SK Hynix.

In the bond market, the yield on the 10-year Treasury eased to 4.08% from 4.12% late Wednesday.

AP Writers Teresa Cerojano and Matt Ott contributed.

FILE - The New York Stock Exchange, Tuesday, Jan. 28, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)

FILE - A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Tuesday, Jan. 28, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)

Financial information is displayed as traders work on the floor at the New York Stock Exchange in New York, Wednesday, Oct. 1, 2025. (AP Photo/Seth Wenig)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 2, 2025. (AP Photo/Ahn Young-joon)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 2, 2025. (AP Photo/Ahn Young-joon)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 2, 2025. (AP Photo/Ahn Young-joon)

RIO DE JANEIRO (AP) — A Brazilian Supreme Court Justice on Thursday ordered the transfer of former President Jair Bolsonaro from the federal police headquarters in Brasilia to a much bigger cell with an outside area in the Papuda Penitentiary Complex, also in the capital.

The transfer was described as a move to a facility with “more favorable conditions” for high-profile detainees.

Since November, Bolsonaro has been carrying out a 27-year prison sentence for attempting a coup despite his 2022 electoral defeat. His lawyers have been pushing for a transfer to house arrest on medical grounds.

Michelle Bolsonaro, his wife, and his sons have regularly said that Bolsonaro is being mistreated and not getting adequate medical attention.

In the court decision, Justice Alexandre de Moraes denied the accusations. “Regrettably and falsely, there has been a systematic attempt to delegitimize the regular and lawful execution of the custodial sentence of Jair Messias Bolsonaro, which has been carried out with full respect for human dignity."

Bolsonaro had been in a 12-square-meter room with a bed, a private bathroom, air conditioning, a TV set and a desk, and Moraes ordered Bolsonaro's transfer to an even more comfortable situation. He determined that Bolsonaro be transferred to a 54-square-meter room with a 10-square-meter outside area that he can access at will.

Following the transfer, Bolsonaro will also have increased time for family visits and physiotherapy equipment such as a treadmill and bicycle will be installed. The new area resembles an apartment, with a double bed, a kitchen, a laundry, a living room and an outdoor area.

The Supreme Court’s press office said the transfer had already happened.

Since starting his sentence, Bolsonaro has made several trips to a nearby hospital, most recently after falling out of bed and hitting his head.

Moraes decided that Bolsonaro can have “full assistance, 24 (twenty-four) hours a day, from previously registered private doctors, without the need for prior notification.”

Moraes also ordered a medical examination to assess Bolsonaro's health and determine whether he needs to be transferred to a penitentiary hospital.

Bolsonaro has been hospitalized multiple times since being stabbed at a campaign event before the 2018 presidential election.

The former president and several of his allies were convicted by a panel of Supreme Court justices for attempting to overthrow Brazil’s democracy following his 2022 election defeat.

The plot included plans to kill President Luiz Inácio Lula da Silva, Vice President Geraldo Alckmin and Justice de Moraes. The plan also involved encouraging an insurrection in early 2023.

The former president was also found guilty of charges including leading an armed criminal organization and attempting the violent abolition of the democratic rule of law.

Bolsonaro has always denied wrongdoing.

In Thursday’s court order, Moraes said that Bolsonaro was convicted of extremely serious crimes and that his custodial sentence was not a “hotel stay or a vacation colony” as statements from Bolsonaro’s sons’ cited in the decision “mistakenly seem to demand.”

FILE - Brazil's former President Jair Bolsonaro stands at the entrance of his home while he is under house arrest in Brasilia, Brazil, Sept. 2, 2025. (AP Photo/Luis Nova, File)