Core Points - The U.S. government shutdown continues as the Senate again rejected a temporary funding bill, leading to potential disruptions in public services and economic data releases [6][7][9] - Major U.S. stock indices saw slight gains, with the Dow Jones and S&P 500 reaching record closing highs, indicating resilience in the market despite the ongoing shutdown [2][4] - Morgan Stanley's report suggests that the government shutdown may amplify market volatility, with potential GDP impacts estimated at a reduction of approximately 0.1% for each week of the shutdown [9][10] Market Performance - The Dow Jones increased by 0.09% to 46,441.1 points, and the S&P 500 rose by 0.34% to 6,711.2 points, both achieving record closing highs [2] - Notable stock performances included Merck up 7.38%, Nike up 6.47%, and Amgen up 5.78%, leading the Dow [2] - The Nasdaq China Golden Dragon Index rose by 1.44%, with key Chinese stocks like Baidu up 4.30% and JD.com up 3.40%, outperforming the broader market [4][5] Economic Implications - The government shutdown has led to approximately 750,000 federal employees being furloughed, with essential services being maintained [7][9] - Morgan Stanley highlighted that the impact of the shutdown on financial markets and overall economic activity will depend on its duration, with historical data suggesting limited long-term effects [9][10] - The inability to release key economic data due to the shutdown may lead to fluctuations in bond yields and increased stock market volatility [10]