Stock Market Today: S&P 500, Nasdaq Futures Gain As Government Shutdown Looms— Kellanova, Carnival Corp, Jefferies In Focus - SPDR S&P 500 (ARCA:SPY)

Market Overview - U.S. stock futures rose on Monday, following Friday's advances, with major benchmark indices showing positive movement [1] - Gold prices reached a new all-time high, as investors overlooked the potential for a government shutdown led by Donald Trump [1] - The 10-year Treasury bond yielded 4.14%, while the two-year bond was at 3.62%, with an 89.3% likelihood of the Federal Reserve cutting interest rates in October [2] Index Performance - Major indices recorded gains, with the Dow Jones up 0.65% to 46,247.29, S&P 500 rising 0.59% to 6,643.70, Nasdaq Composite advancing 0.44% to 22,484.07, and Russell 2000 gaining 0.97% to 2,434.32 [6][7] - The SPDR S&P 500 ETF Trust (SPY) rose 0.51% to $665.18, while Invesco QQQ Trust ETF (QQQ) increased 0.69% to $600.09 in premarket trading [2] Sector Performance - Materials, utilities, and consumer discretionary stocks saw the biggest gains on Friday, while consumer staples stocks closed lower [3] - Intel Corp. surged over 4% on Friday, extending its weekly gain to around 20%, driven by Nvidia Corp.'s $5 billion investment pledge [5] Economic Data - The Personal Consumption Expenditures (PCE) price index rose 2.7% year-over-year in August, up from 2.6% in July, indicating the Fed's need for caution on rate cuts [4] - The core PCE remained flat at 2.9%, aligning with expectations [4] Analyst Insights - Analysts noted that the market's muted reaction to the potential government shutdown is logical, as the initial impact on security prices is often minimal [9] - The primary concern is the suspension of government services that produce vital economic statistics, leading to a "data blackout" [10] Upcoming Economic Events - Key economic data releases include August's pending home sales, September's ADP employment data, and the U.S. employment report [13]