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Government Shutdown Hits Day 38
Tom White
November 07, 2025
U.S. stock futures are slightly lower in premarket trading as tech weakness are leading to losses for the major averages this week.
The drop in stocks was also pressured by data reflecting job cuts for October hit the highest level for the month in more than two decades, making 2025 the worst year for layoffs since 2009.
The Government shutdown is on day 38, the longest in history, and is also weighing on stocks this week.
The October jobs report that was due today will be delayed and Fedspeak this week highlighted the uncertainty that a lack of data is having on markets.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up 1% near $60 a barrel but remained on track for a second consecutive weekly loss after three days of declines on worries about excess supply and slowing U.S. demand.
Gold (/GC) – Gold futures are up 0.4% near $4015 as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over the U.S. economic outlook amid a prolonged government shutdown buoyed demand.
Bitcoin (/BTC) – The Crypto Future is down 1.2% near 100,000 in premarket trading.
VIX – The CBOE Volatility Index jumped 8% on Thursday and settled at 19.50 as stocks sold-off.
U.S. Dollar (/DX) – The dollar is flat at 99.5.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
EXPE | Expedia | +14.93% |
CE | Celanese | +5.32% |
MNST | Monster Beverage | +4.07% |
XYZ | Block | -15.17% |
TTWO | Take-Two Interactive | -5.31% |
CEG | Constellation Energy | -5.07% |
Economic Data
Time | Event |
|---|---|
7:00 AM ET | Fed’s Jefferson Speaks |
10:00 AM ET | Consumer Sentiment |
3:00 PM ET | Fed’s Miran Speaks Consumer Credit |
Notable Earnings
Premarket | Postmarket | Premarket Monday | Postmarket Monday |
|---|---|---|---|
AMCX, BAM, CEG, DK, DUK, EOG, FLR, HMC, HAIN, KKR, FUN, WEN | None | B, DOLE, HHH, CART, BEKE, MNDY, RDNT, WULF, TSEM, TSN, WHF | BBAI, CHGG, CRWV, IHRT, OXY, PSKY, REAL, RRGB, RGTI, RKLB |
Upgrades/Downgrades
Guggenheim upgrades Datadog (DDOG) to Neutral from Sell
CICC upgrades AMD (AMD) to Outperform from Market Perform
Piper Sandler upgrades Expedia (EXPE) to Neutral from Underweight
RBC Capital downgrades CarMax (KMX) to Sector Perform from Outperform
Needham downgrades Penn Entertainment (PENN) to Hold from Buy
William Blair downgrades Sweetgreen (SG) to Market Perform from Outperform
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