Market Overview - US stock futures rose early Monday, with Dow Jones Industrial Average and S&P 500 both up around 0.4%, and Nasdaq 100 up 0.5% as investors anticipate a potential US government shutdown [1] - A government shutdown remains a possibility by Wednesday, which could delay the release of key economic data, including the monthly jobs report [2] - Last week, jobless claims were lower than expected, and GDP growth was revised higher, leading to speculation that the Federal Reserve may not ease policy as aggressively as anticipated [3] Economic Indicators - Wall Street economists forecast the US economy created 43,000 new nonfarm payroll jobs in September, with the unemployment rate expected to remain at 4.3% [3] - The S&P 500 is up 2.8% month-to-date, while the Dow has gained 1.5%, and the Nasdaq has rallied 2.9% despite a pullback last week [5] Corporate Earnings - Earnings reports are expected to be light, with Nike's report on Wednesday being the most significant corporate update of the week [5] - The third quarter earnings season for major banks will commence in mid-October [5] Commodity Market - Gold prices reached a record high of over $3,800 an ounce, driven by government uncertainty and a weak dollar [6] - Oil prices fell as stockpiles rose and production increased, with Brent crude dropping below $70 a barrel and West Texas Intermediate around $65 [7] - OPEC+ is pursuing a strategy to reclaim market share, which may lead to a record glut in 2026 as production revives [9]
Stock market today: Dow, S&P 500, Nasdaq futures climb with government shutdown in focus
Yahoo Finance·2025-09-29 00:11