Top Stock Movers Today: Uber, DoorDash and Verizon

Monday, Oct 6, 2025

The Government has entered Day 6 of the shutdown, but the market appears to be thriving, looking past the uncertainty.

• The S&P 500 was up 0.4% and edged closer intraday to its previous high record.
• The Nasdaq Composite, led by AMD’s 27% surge, achieved another record high today, up 0.7%.
• Even the small-cap Russel 2000 hit a fresh high, up 0.4% at closing.
• Meanwhile, the Dow Jones Industrial Average was the only one to close lower, down 0.1%.

The market is rallying on technological advancements, new collaborations and product launches.

Advanced Micro Service and Sanmina were up 22.7% and 23.7% respectively, led by AMD’s 6-Gigawatt multiyear deal with OpenAI.

While Uber stock surged 3.6% following positive news on driver unionization, Tesla also led the chart today, up 5.4% on news of a new product launch. Notably, DoorDash was up 3.9% following news of the successful acquisition of food delivery partner Deliveroo.

On the flip side, changing the CEO did not pan out well for the telecommunications giant Verizon, whose stock was down 5% at the close of trading.

Gold continues to soar as the government shutdown drags on, up 1.9% today and slowly nearing the $4,000 mark.

Here are the Stocks that made the most market moves today

Five S&P 500 stocks making big moves today are:

• Advanced Micro Devices AMD: +23.7%
• Tesla Inc TSLA: +5.4%
• Monolithic Power Systems MPWR : +5.4%
• Super Micro Computer SMCI: +5.1%
• Albermarle Corp ALB: +4.3%

The worst-performing five S&P 500 stocks today are:

• Applovin Corp APP: -14%
• Verizon Communications VZ: -5.1%
• Starbucks Corp SBUX: -4.9%
• Western Digital Corp WDC: -4.6%
• Alexandria Real Estate Equities ARE: -4.5%

Stocks also worth noting include:

• Nvidia NVDA: -1%
• Comerica Inc CMA: +13.7
• PlugPower PLUG: +11.7%
• Palantir PLTR: +3.7%
• Microsoft MSFT: +2.2%

DoorDash introduces major changes

DoorDash, a global local commerce platform, confirmed the acquisition of Deliveroo, an international delivery service platform, on Oct. 2.

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The acquisition, which was cleared under Park 26 of the UK Companies Act, positions DoorDash  (DASH) as a “global leader in local commerce, enabling the combined entity to better service businesses, consumers and couriers,” as per the company statement.

Following the news, the company's stock rose 3.9% today, reaching a 52-week high. Shares had already seen a 68% increase year-to-date.

This is not all for DoorDash, which has been slowly adding newer features for its users. More recently, it introduced Going Out, a new feature that Parisa Sadrzadeh, VP of In-Store, DoorDash, believes will ease customers’ lives.

Going Out saves you time, saves you money, and soon – saves you a seat. We’re giving consumers a seamless way to discover and book at nearby spots while saving and earning rewards, all in one place, making DoorDash your go-to companion for dining out locally.

Last month, DoorDash also launched Dot, its autonomous delivery robot, which is the first to “seamlessly navigate bike lanes, roads, and sidewalks, and is purpose-built for local commerce.

Related: McDonald’s has an Uber Eats and DoorDash pricing problem

However, analysts are unsure, with Wells Fargo lowering the price target on DoorDash to $301 from $306, while maintaining an Overweight rating. The rating incorporates the Deliveroo acquisition into estimates and expects a Q3 result within guidance.

Uber soars despite unionization

Gavin Newsom, the governor of California, signed into law landmark legislation on October 3 to strengthen labor rights for rideshare drivers.

The news raised Uber’s  (UBER) stock 3.6% as the market opened today, trading very close to its previous high of 101.9.

The official note turned the decision into a political statement, stating:

Doland Trump is holding the government hostage and stripping away worker protections. In California, we’re doing the opposite: proving government can deliver – giving drivers the power to unionize while we continue our work to lower costs for families. That’s the difference between chaos and competence.

This new law makes California the second state, after Massachusetts, where rideshare drivers can legally form a union and protect their rights to decent wages and insurance.

Related: Uber Eats tests a wild new way to deliver food to customers

“Rideshare drivers are the backbone of the gig economy,” said Assemblymember Marc Berman.

For too long, they have been denied the same rights and protections that others take for granted. This new law changes that. This will help raise standards for everyone, because what happens in the gig economy sets the tone for the whole economy.

The law gives rights to over 800,000 drivers working for companies like Uber.

The company’s stock saw a 10% gain in the last month, attributed to its deal with Israeli drone company Flytrex to launch drone-based delivery.

Verizon faces heat with changes in authority

On Monday, after Verizon Communications  (VZ) announced that Dan Schulman, former CEO of PayPal, would be its new CEO, effective immediately, the company's stock declined by 5% during trading hours.

Related: Verizon angers customers with new tactic to boost loyalty

Schulman replaced Hans Vestberg, who had served as Verizon’s CEO since 2018, and will remain on the Board till 2026 to ensure a smooth transition and successful integration with Frontier Communications, which the company believes will close in the first quarter of 2026.

Mark Bertolini, Chairman of Verizon Board of Directors, believes that Schulman is “the right leader to chart Verizon’s next phase of increased customer focus and financial growth.”

Schulman brings to Verizon a unique combination of financial and operational experience with large public companies and deep expertise in the telecommunication, technology and financial sectors.” Additionally, in his previous role, he increased PayPal’s EPS fivefold and tripled its revenue from $8 billion to $30 billion.

Related: Major office supply retailer sold after it closed 1,000 stores