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Markets Reprice After U.S. Shutdown Ends, With Dow at Records and Tech Under Pressure

Missing October reports leave a patchy data calendar that complicates the next Federal Reserve decision.

Overview

  • President Donald Trump signed stopgap funding to end the 43‑day shutdown, reopening agencies even as the White House said October jobs and CPI figures may never be published.
  • Wall Street futures were subdued and European shares steadied as traders awaited the restarted flow of U.S. statistics and weighed private indicators pointing to labor-market softening.
  • Investors continued rotating out of high-valuation tech into value and defensive groups, lifting the Dow to back-to-back records while the Nasdaq slipped.
  • Oil prices extended recent declines after OPEC flagged potential oversupply and the IEA projected a future surplus, adding pressure across commodities.
  • India’s Sensex and Nifty closed nearly unchanged after a volatile session, with profit-booking and continued FII outflows offsetting supportive domestic signals.