By
Joel South
Oct 8, 2025 | Updated 10:00 AM ET
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Key Points
- The U.S. Government Shutdown of 2025 stretches into its eighth straight day, and airports are showing strain.
- Tech news reporter warns Oracle may be losing money on AI.
- Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor)
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Copper Is Shiny
Continuing the copper theme, Morgan Stanley analyst Carlos De Alba upgraded Southern Copper (NYSE: SCCO) stock to equalweight with a $132 price target today.
“Recent supply disruptions from main listed copper players, coupled with Grupo Mexico’s governance issues, are limiting avenues for investors to play the copper theme,” explains De Alba, “and we no longer expect SCCO to underperform in this context given its smooth execution and seamless operations.” To the contrary, the analysts expects SCCO “to trade at an elevated multiple vs. its historical average.”
Investors seem to agree. Southern Copper stock is up nearly 5% this morning, and the Voo is still up 0.2%.
This article will be updated throughout the day, so check back often for more daily updates.
The Vanguard S&P 500 ETF (NYSEMKT: VOO) closed 0.4% lower on Tuesday, snapping a six-day winning streak, as the U.S. government endured its seventh straight day of shutdown.
Today is Day 8, and the economy is starting to show signs of stress at various pain points. Airports in Boston, Chicago, Houston, Las Vegas, Nashville, and Philadelphia — to name a few — have all reported flight delays caused by strain on the air traffic controllers who have been working without pay now for more than a week.
Adding to investor worry is a report from The Information suggesting that the artificial intelligence economy may not be all it’s cracked up to be. Focusing on software giant Oracle (NYSE: ORCL), which has been taking a prominent position in AI, The Information reports that cloud profit margins look weaker than forecast and the company may be losing money on “some” deals wherein it rents out computing power to AI providers.
Oracle shares shed 2.5% yesterday, although they’re getting back about 0.2% premarket today. The Vanguard S&P 500 ETF is also inching higher again, up about 0.2%.
Analyst Calls
Not all the AI news is bad. Seaport Global Securities analyst Angie Storozynski upgraded shares of S&P 500 component company Constellation Energy (Nasdaq: CEG), a large electric utility, operator of the Three Mile Island nuclear power plant, and supplier of power to large AI providers such as Microsoft (Nasdaq: MSFT).
“The multiples are still rich vs. those of VST, CEG’s closest peer, but for a good reason given CEG’s size and its nuclear/gas earnings mix,” says Storozynski. Still, “we would want to be long CEG into its refreshed earnings update.” She upgrades Constellation stock to buy with a $407 price target.
Elsewhere in the market, Citi upgrades copper miner Freeport-McMoRan (NYSE: FCX) to buy with a $48 price target. And Deutsche Bank upgrades Northrop Grumman (NYSE: NOC) to buy with a $700 target.
Like Constellation, Freeport and Northrop are both S&P 500 component stocks.