Core Points - The US government shutdown has officially begun, causing market volatility and investor concern [1][7] - Investors fear prolonged shutdowns could lead to mass federal worker layoffs, impacting the labor market and consumer spending [2] - Key economic data releases are affected, with the Bureau of Labor Statistics postponing the September jobs report [3] Market Reactions - US stocks opened lower, particularly in the tech sector, with the Nasdaq Composite experiencing significant losses [3][4] - Long-end US Treasury yields decreased slightly, with the 10-year government bond yield falling to 4.137% [4] - The shutdown coincided with disappointing private payroll data, showing a loss of 32,000 jobs in September, raising expectations for a Federal Reserve rate cut [5] Commodity Performance - Gold prices reached a new high of $3,898.18 per ounce, continuing a record-breaking trend [6]
All the ways the US shutdown is impacting markets
Yahoo Financeยท2025-10-01 21:55