The trader worked on the New York Stock Exchange on October 1, 2025.
NYSE
On Wednesday, the US government is based on a halt. However, the stock market has jumped. One benchmark reached record highs.
Traders in the forecast market are betting that the shutdown will last for almost two weeks. Based on data dating back to 1990, nothing is too radical as it is the average length it takes for governments to reopen. Bank of America.
The government halt has not put a brake on the stock market momentum. Are investors too adventurous? Now, history shows that patterns are not new. According to BOFA data, the S&P 500 increased by an average of 1% in the week before and after the shutdown.
Even the ADP Job Report missed expectations with a large margin, but rarely suppressed the animal’s spirit. According to ADP, Private Payrolls fell at 32,000 in September, compared to an increase of 45,000 estimated by the economist Dow Jones survey.
The official unfarmed salary report from the Bureau of Labor Statistics has not been released Friday as it is currently trapped in bureaucratic purgatory. So, the US Federal Reserve could put additional weights on ADP reports, but it doesn’t always move in sync with the BLS count. Traders expect weak data will encourage the Fed to cut interest rates in October.
Scrub all the negative news, S&P 500 I closed the 6,700 level for the first time. Again, perceptions of what bad news are, seem to be quite different to external observers and markets.
Things you need to know today
And finally…
Morning Light hit the Capitol building hours before the press conference, discussing the Epstein Files Transparency Bill and directing the release of remaining files related to the investigation of Jeffrey Epstein and Gislain Maxwell on Capitol Hill, Washington, DC, September 3, 2025.
Jonathan Ernst | Reuters
How US government closures will affect global markets
The US government signed a closure on Wednesday. According to Luke Bartholomew, Aberdeen’s Associate Chief Economist, it has increased concerns about the US’s institutional reliability, financial position and “dysfunction.”
RSM US chief economist Joe Brusuelas noted that the biggest market outcome could be further pressure on greenbacks or the impact on the Fed’s October rate decision.
– Chloe Taylor and Tasmin Rockwood
