Microsoft shares gain after deal to convert OpenAI into a for-profit organization

US equity markets again ended the day in green, yesterday, 28^th October, 2025. Nasdaq ended the day, up by 190.04 points or 0.80%. Dow Jones ended the day, up by 161.78 points or 0.34%. S&P 500 ended the day, up by 15.73 points or 0.23%.

Microsoft, OpenAI deal

Microsoft’s shares gained around 2% yesterday, after OpenAI and Microsoft agreed on ending the restriction on OpenAI being converted into a for-profit organization from a non-profit one. OpenAI is currently a non-profit organization. Microsoft is its biggest shareholder. Now that it can be converted into a for-profit organization, its IPO may come in the near future.

US Federal Reserve is expected to announce an interest rate cut later in the day today.

European markets ended the day on a mixed note

European markets ended the day on a mixed note, yesterday. Euro Stoxx 50 ended the day, down by 6.71 points or 0.12%. Dax ended the day, down by 30.15 points or 0.12%. FTSE 100 ended the day, up by 42.92 points or 0.44%.

Asian markets start in green

Nikkei is again rising up today. At 8:55 a.m. IST, 29^th October, 2025 it is up by 1030 points or 2.05%. Shanghai index is up by 14.08 points or 0.35%. Kospi is up by 49.65 points or 1.24%. Hang Seng is closed today because of a public holiday.

Indian equity markets saw profit booking yesterday. But they gained in the last 1 hour. Markets may start the day today in green. The expectation of an interest rate cut by US Federal Reserve later in the day today may drive Indian equity markets up.

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Source: Dow Jones