{"id":72613,"date":"2026-10-05T11:38:13","date_gmt":"2026-10-05T15:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/"},"modified":"2026-10-05T11:38:13","modified_gmt":"2026-10-05T15:38:13","slug":"nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/","title":{"rendered":"Nasdaq 100 Hits Record Highs as Trump Unveils Diesel Relief Plan"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/#Tech_Markets_Reach_New_Heights_Amid_Rate_Optimism\" >Tech Markets Reach New Heights Amid Rate Optimism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/#Trump_Targets_Diesel_Costs_with_Regulatory_Easing\" >Trump Targets Diesel Costs with Regulatory Easing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/#OpenAI_Responds_to_EU_AI_Act_Mandates\" >OpenAI Responds to EU AI Act Mandates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/#Energy_Strains_and_Geopolitical_Warnings\" >Energy Strains and Geopolitical Warnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-hits-record-highs-as-trump-unveils-diesel-relief-plan\/72613\/#Analyst_Downgrade_Pressures_GlobalFoundries\" >Analyst Downgrade Pressures GlobalFoundries<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>) climbed over 0.6% to a new intraday record<\/strong> following a soft September jobs report that reduced expectations for an October interest rate hike.<\/li>\n<li><strong>President Donald Trump is set to announce a plan to expand the use of tax-exempt red-dyed diesel<\/strong> for highway vehicles to combat record-high fuel prices reaching <strong>$6.53 per gallon<\/strong>.<\/li>\n<li><strong>OpenAI is implementing invisible text watermarking for EU ChatGPT users<\/strong> to comply with the <strong>EU AI Act<\/strong>, marking a significant shift in the company&#39;s transparency policy.<\/li>\n<li><strong>Petronas (<a href=\"\/stock\/PETR\">PETR<\/a>) CEO warned of a &quot;very, very tight&quot; LNG market this winter<\/strong>, with prices potentially hitting <strong>$40-$50 per MMBtu<\/strong> if European storage levels drop significantly.<\/li>\n<li><strong>GlobalFoundries (<a href=\"\/stock\/GFS\">GFS<\/a>) shares fell nearly 5%<\/strong> after Exane BNP Paribas slashed its price target from <strong>$80 to $51<\/strong>, citing structural headwinds in the mobile segment.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Markets_Reach_New_Heights_Amid_Rate_Optimism\"><\/span>Tech Markets Reach New Heights Amid Rate Optimism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>) rose more than <strong>0.6%<\/strong> on Monday, reaching a fresh session high as investors reacted to a cooling labor market. A weaker-than-expected payroll report, showing only <strong>29,000 jobs added in September<\/strong>, has led money markets to price in a less than <strong>25% chance<\/strong> of a Federal Reserve rate hike this month. This shift in sentiment has fueled a rally in growth stocks, even as 10-year Treasury yields remain elevated near <strong>5.25%<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trump_Targets_Diesel_Costs_with_Regulatory_Easing\"><\/span>Trump Targets Diesel Costs with Regulatory Easing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Donald Trump is scheduled to unveil a measure on Monday to ease requirements for using <strong>red-dyed diesel<\/strong>, a variety typically restricted to off-road use and exempt from the <strong>24.4 cents-per-gallon<\/strong> federal excise tax. The move comes as the national average for on-highway diesel hit <strong>$6.38 per gallon<\/strong>, placing immense pressure on the agricultural and logistics sectors during the peak harvest season. While the plan aims to provide immediate relief, analysts suggest the impact may be limited without a broader increase in overall diesel supply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"OpenAI_Responds_to_EU_AI_Act_Mandates\"><\/span>OpenAI Responds to EU AI Act Mandates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>OpenAI has announced it will begin adding invisible watermarks to text generated by <strong>ChatGPT<\/strong> and <strong>Codex<\/strong> for users in the European Union. This move is a direct response to the <strong>EU AI Act<\/strong>, which requires generative AI providers to make synthetic content identifiable in a machine-readable way. While the technology is still in its early stages, OpenAI is also opening applications for a <strong>text watermark detector<\/strong> to help researchers evaluate the effectiveness of these provenance signals.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Strains_and_Geopolitical_Warnings\"><\/span>Energy Strains and Geopolitical Warnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the energy sector, Petronas (<a href=\"\/stock\/PETR\">PETR<\/a>) CEO Tengku Muhammad Taufik cautioned that while buyers are currently paying <strong>$25-$28 per MMBtu<\/strong> for LNG, a spike to <strong>$50<\/strong> could trigger a massive shift to alternative energy sources. This warning coincides with renewed threats from <strong>Iran<\/strong>, where military officials stated that any &quot;further mistake&quot; by enemies would lead to the opening of &quot;new fronts&quot; and &quot;strategic surprises.&quot; The ongoing deadlock over the <strong>Strait of Hormuz<\/strong> continues to keep global energy markets on edge.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Downgrade_Pressures_GlobalFoundries\"><\/span>Analyst Downgrade Pressures GlobalFoundries<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>GlobalFoundries (<a href=\"\/stock\/GFS\">GFS<\/a>) faced significant selling pressure on Monday after <strong>Exane BNP Paribas<\/strong> downgraded the stock to Neutral. Analyst Karl Ackerman reduced the price target to <strong>$51<\/strong>, noting that the company&#39;s transition into higher-margin sectors like automotive and satellite communications is progressing more slowly than anticipated. The downgrade follows similar cautious moves from <strong>Deutsche Bank<\/strong> and <strong>Citi<\/strong>, reflecting broader concerns about margin expansion in the semiconductor foundry space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nasdaq 100 (NDX) climbed over 0.6% to a new intraday record following a soft September jobs report that 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