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Ongoing government shutdown and AI fears are putting the market under pressure, Jim Cramer says
CNBCยท2025-11-06 23:45

Market Overview - Wall Street is concerned about the prolonged government shutdown and the rapid expansion of artificial intelligence (AI) infrastructure, which is perceived as out of control [1][4] - Major stock indices closed lower, with the Dow Jones Industrial Average down 0.84%, the S&P 500 down 1.12%, and the Nasdaq Composite down 1.9%, marking its worst week since early April [2] Government Shutdown Impact - The federal government shutdown has reached its 37th day, the longest in U.S. history, resulting in hundreds of thousands of employees being furloughed or working without pay [3] - The shutdown has delayed critical economic data, leaving investors uncertain about the economy's health; job cuts in October reportedly reached their highest level in 22 years [3] AI and Data Center Concerns - Analysis from JPMorgan indicates that an AI and data center "blob" is increasingly affecting various sectors of the economy, raising concerns among investors [4] - OpenAI's commitment to spending billions on new technology has heightened fears, especially after comments from its CFO regarding potential government support for data center expansion, although she later denied the need for federal backing [4]