Stock Market Today: Dow Futures Slip, Nasdaq Rises Amid Mixed Trade—AngioDynamics, Entero Therapeutics, Fermi In Focus - SPDR S&P 500 (ARCA:SPY)

Market Overview - U.S. stock futures showed mixed performance following record advances on Wednesday, with Dow Jones futures down 0.04%, S&P 500 futures up 0.17%, Nasdaq 100 futures up 0.36%, and Russell 2000 futures up 0.41% [3] - The Dow Jones index closed 43 points higher at 46,441.10, S&P 500 rose 0.34% to 6,711.20, Nasdaq Composite advanced 0.42% to 22,755.16, and Russell 2000 gained 0.24% to 2,442.35 [7][8] Economic Impact of Government Shutdown - The Trump administration warned that a government shutdown could reduce weekly GDP by $15 billion and increase unemployment by 43,000 if it lasts a month [1] - The Senate rejected funding bills, with the next voting opportunity scheduled for Friday [2] - Wall Street is currently overlooking the potential economic consequences of the shutdown, which could significantly impact businesses reliant on federal operations [5] Employment Data - The ADP monthly employment report indicated a surprising drop in private payrolls, with a loss of 32,000 jobs, missing forecasts of a gain of over 50,000 [6] Analyst Insights - Brian Rehling from Wells Fargo suggests that the government shutdown will likely have a negligible long-term impact on the economy and markets, although it may cause short-term volatility [10] - Rehling notes that the biggest market impact would be the delay of key economic reports, which are crucial for the Federal Reserve's data-dependent monetary policy [11] - Rehling anticipates that any market pullback could present an opportunity for investors to reposition their portfolios [12] Sector Performance - Gains were observed in Health Care and Utilities sectors, while Materials and Financials experienced losses [4] - Wells Fargo rates Financials, Information Technology, and Industrials as favorable sectors for investment [17] Upcoming Economic Data - Key economic data releases, including initial jobless claims and the September jobs report, will be delayed due to the government shutdown [15][16] Stocks in Focus - AngioDynamics, Inc. saw a premarket jump of 6.14% ahead of its earnings report [21] - Gulf Island Fabrication Inc. rose 9.25% after securing a $35 million fabrication contract [21] - Concorde International Group Ltd. surged 55.25% following the approval of a 2025 Equity Incentive Plan [21]