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Record Highs Despite Govt. Shutdown
Tom White
October 02, 2025
U.S. stock futures are slightly higher ahead of the Wall Street open as investors pushed aside the implications of the U.S. government shutdown.
The S&P 500 (SPX), Nasdaq-100 (NDX) and Dow Index ($DJI) all settled at record high closes despite the shutdown.
There are no votes planned for today with the Senate set to be out of session Thursday in observance of Yom Kippur, making Friday the next day Senators would be expected to vote again.
The shutdown will also impact economic data reports with no Jobless Claims or Factory Orders reported today along with no September payrolls report tomorrow morning.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are down 0.6% near $61.50 a barrel – 4-month lows and down for a third straight day as the U.S. government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with a planned output boost by OPEC+ next month.
Gold (/GC) – Gold prices are up 0.3% near $3910, near yesterday’s all-time high and just shy of $4,000 per ounce, as the U.S. government entered its first shutdown in almost seven years after lawmakers failed to reach a deal on government funding.
Bitcoin (/BTC) – The Crypto Future is up over 1% near 119,700 in premarket trading.
VIX – The CBOE Volatility Index was flat on Wednesday and settled at 16.29 as stocks were modestly higher.
U.S. Dollar (/DX) – The dollar is down 0.1% to 97.3.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
FICO | Fair Isaac | +19.32% |
WDC | Western Digital | +3.76% |
AMD | AMD | +3.40% |
EFX | Equifax | -12.15% |
EIX | Edison | -1.30% |
MDLZ | Mondelez | -0.90% |
Economic Data
Time | Event |
|---|---|
7:30AM ET | Challenger Job Cuts |
9:00AM ET | Tesla Deliveries |
10:30AM ET | Natural Gas Inventories |
Delayed Reports | Jobless Claims Factory Orders |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
None | None | None | None |
Upgrades/Downgrades
Keybanc upgrades Nike (NKE) to Overweight from Sector Weight
HSBC upgrades Novo Nordisk (NVO) to Buy from Hold
RBC Capital upgrades Crown Castle (CCI) to Outperform from Sector Perform
William Blair downgrades RH (RH) to Market Perform from Outperform
Canaccord downgrades Lithium Americas (LAC) to Sell from Speculative Buy
Berenberg downgrades Mondelez (MDLZ) to Hold from Buy
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