CNBCยท2025-10-02 19:01Market Overview - The S&P 500 experienced minimal movement amid the federal government shutdown, reaching a new all-time intraday high before stabilizing near the flatline [1] - Treasury Secretary Scott Bessent indicated that the shutdown could negatively impact GDP, affecting market sentiment [1] Nvidia Performance - Nvidia shares rose approximately 1% to $189, marking its longest winning streak since June with six consecutive sessions of gains [1] - The iShares Semiconductor ETF increased around 2%, contributing to the positive performance of the tech-heavy Nasdaq [1] BlackRock Insights - Bank of America anticipates a significant increase in BlackRock's net flows in Q3, driven by strong performance in fixed income and equity sectors [1] - BlackRock's shares gained over 4.5% since its mid-July earnings report, with a new price target of $1,396 suggesting over 22% upside from the previous close [1] - Analysts view BlackRock as well-positioned to benefit from growth trends in asset management, particularly in alternative assets [1] Disney Leadership Transition - Disney is expected to announce a successor for CEO Bob Iger early next year, with Josh D'Amaro and Dana Walden as the leading candidates [1] - The CEO search is being led by James Gorman, the Disney board's chairman, who is viewed favorably by analysts [1] Disney+ Brand Impact - Analysts at Jefferies noted that while Disney's brand may have taken a hit due to recent controversies, the impact on Disney+ appears less severe than anticipated [1] - Jefferies reiterated a buy rating with a price target of $144, while another source has a target of $135 [1] Upcoming Economic Data - The Bureau of Labor Statistics' nonfarm payrolls report will be delayed due to the government shutdown, but the Institute for Supply Management's services sector activity gauge is still scheduled for release [1] - Federal Reserve Vice Chair Philip Jefferson is set to speak at the Drexel Economic Forum, providing additional economic insights [1]