Particle.news
Download on the App Store
20 ARTICLES
·
2h ago

Wall Street Closes at New Records as Shutdown Delays Data and Fed Cut Bets Build

Weaker private payrolls are reinforcing expectations for further Fed easing, with the shutdown blocking key labor reports.

Image
Los números de hoy 2 de octubre.
Al cierre el Dow Jones de Industriales subió 0,17%, el el selectivo S&P 500 avanzó 0,06% y el tecnológico Nasdaq ganó 0,39%. Foto: EFE.
Image

Overview

  • The S&P 500, Dow Jones and Nasdaq ended Thursday at fresh highs as investors leaned into rate‑cut expectations despite a partial federal shutdown.
  • A funding impasse triggered the shutdown after a Republican‑backed bill failed in the Senate, with roughly 750,000 federal workers facing temporary furloughs according to the Congressional Budget Office.
  • The Bureau of Labor Statistics has halted releases, with weekly jobless claims not published and the monthly nonfarm‑payrolls report likely delayed, complicating signals before the Fed’s Oct. 28–29 meeting.
  • Treasury yields fell as markets increased bets on additional cuts following ADP data showing a 32,000 drop in private payrolls for September.
  • Company moves added to volatility, with Nike jumping about 6% on better‑than‑expected results and Netflix slipping after Elon Musk urged followers to cancel subscriptions, while European equities rose and Mexican stocks saw profit‑taking.