Youtube·2025-10-01 21:30Market Overview - The S&P 500 reached a new record high despite concerns over a government shutdown, with traders more worried about potential mass layoffs affecting consumer spending than the shutdown itself [2][15] - A short-term shutdown is viewed as manageable, but a prolonged closure could negatively impact holiday spending and the housing market [2] Company Highlights - Shares of Lithium America surged over 23% following the announcement that the US government will acquire a 5% stake in the company and an additional 5% stake in the Thacker Pass joint venture with General Motors, aimed at developing a domestic supply chain for critical metals [3] - The IPO market remains active, with flood insurer Neptune going public, raising $368 million by selling over 18 million shares at $20 each, and closing up 24% on its first trading day [7][8] Analyst Insights - Nvidia received bullish attention from TD Cowen, reaffirming its stock as a buy due to its competitive advantages [5] - Apple was also rated positively by Seaport and JP Morgan, with analysts optimistic about its future product trends and consumer upgrade cycles following the iPhone 17 launch [6] - Tesla was noted by William Blair for better-than-expected vehicle demand, maintaining a market perform rating [6] Economic Commentary - The upcoming remarks from Dallas Fed President Lorie Logan are anticipated, especially regarding her proposal to shift the Fed's benchmark from the Fed funds rate to a repo transaction-based benchmark [10][11] - The government shutdown is expected to delay the release of key economic data, including jobless claims, which could affect market sentiment [13][14]