Dow, S&P 500, Nasdaq nudge higher as Wall Street grapples with shutdown risk

Business

US stocks edged higher on Monday as investors eyed a looming US government shutdown that risks delaying the release of the all-important monthly jobs report later in the week.

The S&P 500 (^GSPC) gained 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.5%, with the two gauges building on Friday’s rebound. Meanwhile, the Dow Jones Industrial Average (^DJI) rose almost 0.2%.

Markets are assessing the odds of a US government shutdown on Wednesday this week, as a standoff between Republicans and Democrats goes down to the wire. Trump set a meeting with congressional leaders on Monday, likely the last hope of avoiding a halt to federal funding. Odds of a shutdown are near 80%, according to Polymarket.

The Department of Labor on Monday said that the Bureau of Labor Statistics, which releases key economic data, including Friday’s planned monthly jobs report, will “suspend all operations.”

“Economic data that are scheduled to be released during the lapse will not be released,” the department said as part of a shutdown contingency plan.

The BLS’s monthly job updates, as well as its release of consumer and producer inflation reports, have been key to the Federal Reserve’s policy setting and the bets on interest rate cuts that have helped buoy stocks.

Last week, jobless claims fell short and GDP growth was revised higher, fueling speculation that the Fed may not cut rates as aggressively as hoped. That puts even more weight on the jobs report, amid forecasts that nonfarm payrolls grew 43,000 and the unemployment rate stayed at 4.3% for the month.

At the same time, investors are regrouping after a losing week that saw cracks emerge in AI-focused stock trading as well as surprise tariff announcements from President Trump for Oct. 1. On Monday, Trump added to those tariff announcements by proposing new duties on movies and furniture.

Despite that, stocks are still on pace to finish September — and the third quarter — with gains. The S&P 500 is up 2.8% month-to-date, while the Dow has added 1.5%. The Nasdaq, boosted by tech, has rallied 2.9%.

LIVE 24 updates

  • Ines Ferré

    Stocks edge higher as government shutdown looms, gold rises to new record

    US stocks rose on Monday as the markets remained relatively unchanged amid the threat of a US government shutdown.

    The S&P 500 (^GSPC) gained about 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) rose nearly 0.5%. The Dow Jones Industrial Average (^DJI) rose 0.2%.

    Meanwhile, gold (GC=F) rose to new records, building on this year’s rally of 45%.

  • Ines Ferré

    Bitcoin jumps to hover above $114,000 as cryptocurrencies bounce back

    Bitcoin (BTC-USD) jumped above $113,000 on Monday to start out the week in positive territory after recent weakness in the world’s largest cryptocurrency.

    Ethereum (ETH-USD) and solana (SOL-USD) also rose amid an overall rally in the crypto space.

  • Ines Ferré

    Gold rallies 45% this year, while silver surges even higher

    It’s not just gold (GC=F) having a monster year, up 45% so far. Silver (SI=F) has surged even more, jumping more than 60% year-to-date in a sharp hockey-stick move.

    The price of white metal has been exaggerated to the upside, reminiscent of a short squeeze, with traders forced to cover bearish bets.

    Last week, silver gained more than 8.6%, to close out its sixth straight week of gains.

    The metal is not far off its all-time high record closing price for silver futures of $48.70 per ounce in January 1980. It’s intraday high. Its intraday high of $50.36 was set around that time too.

  • Ines Ferré

    Treasury Secretary counselor says Fed rate cut is needed for the economy as worries continue about tariffs

    Yahoo Finance’s Francisco Velasquez reports:

    Read more here.

  • CEOs out at GSK, Comcast, Barrick, Newmont, and CSX as top brass turnover spikes in 2025

    A wave of leadership changes swept through Wall Street on Monday, underscoring the pressure on C-suites amid new economic and political challenges that are weighing on businesses.

    Among them, British drugmaker GSK (GSK) announced its CEO, Emma Walmsley, will step down at the end of the year. Walmsley will be replaced by Luke Miels, an executive charged with commercializing the company’s portfolio of drugs.

    Comcast (CMCSA) also announced on Monday it will adopt a dual-CEO model, appointing Michael Cavanagh as co-CEO as the company prepares to spin off its USA Network and CNBC networks. Cavanagh will assume his new role in January.

    Two gold miners, Barrick (B) and Newmont (NEM), made changes as the industry weathers new challenges. Barrick’s CEO Mark Bristow stepped down from his role after seven years, while Newmont named Natascha Viljoen as its first female CEO, succeeding Tom Palmer.

    And railroad operator CSX (CSX) appointed Steve Angel as CEO, replacing Joe Hinrichs amid pressure from activist investor Ancora Holdings to pursue a deal similar to the Union Pacific-Norfolk Southern tie-up. “We applaud the CSX Board of Directors for heeding shareholder feedback and terminating former CEO Joe Hinrichs,” Ancora told Yahoo Finance.

    Overall, 2025 has been a record year for CEO changes. According to the latest CEO turnover report from Challenger, Gray & Christmas, 1,358 CEOs have left their posts so far this year, marking a 9% increase from the same period last year and the highest year-to-date total of CEO exits since Challenger began tracking this data in 2002.

    “CEO turnover continues to climb in 2025, reflecting the immense pressures leaders face in navigating economic uncertainty, rapid technological change, and shifting organizational priorities,” workplace and labor expert Andy Challenger said in the report. “We’re seeing companies recalibrate leadership faster than ever, with boards demanding adaptability and fresh perspective at the very top.”

  • Laura Bratton

    Trump’s latest tariff threats aimed at foreign movies, furniture

    Yahoo Finance’s Ines Ferré reports:

    Read the full story here.

  • Laura Bratton

    Home contract signings jumped in August as mortgage rates dropped

    Yahoo Finance’s Claire Boston reports:

    Read the full story here.

  • Brett LoGiurato

    BLS to ‘suspend all operations,’ putting jobs, inflation reports in limbo

    The Department of Labor on Monday said the Bureau of Labor Statistics would “suspend all operations” in the event of a government shutdown, which is looking increasingly likely to happen starting Wednesday.

    “Economic data that are scheduled to be released during the lapse will not be released. All active data collection activities for BLS surveys will cease,” the department said.

    The BLS releases key updates on jobs and inflation that have been key for the Federal Reserve’s policy setting and bets on its interest rate moves. That includes Friday’s planned nonfarm payrolls report and the Consumer Price Index and Producer Price Index, both scheduled for release the week of Oct. 13.

    Yahoo Finance’s Ben Werschkul has more details on today’s shutdown-related meeting at the White House.

  • Laura Bratton

    Toyota global sales climb in August, powered by US growth despite Trump’s tariffs

    Yahoo Finance’s Pras Subramanian reports:

    Read more here.

  • Laura Bratton

    Nvidia stock rises, eyes fresh record

    Nvidia (NVDA) shares climbed more than 3% and eyed a fresh record Monday.

    The stock traded around $183.80 late morning before pulling back slightly. Shares hit a record close of $183.61 last week.

    The jump comes even as Nvidia’s Chinese chipmaking rival Huawei reportedly plans to double production of its latest AI chips, according to Bloomberg, just as Nvidia has faced difficulties with its place in the China market, which CEO Jensen Huang has emphasized as a rapidly growing $50 billion opportunity.

    Those difficulties range from the Trump administration’s short-lived export ban on its chips for China to the latest reports of a Chinese ban on purchases of those chips.

    A bright spot for the stock Monday: Bernstein analyst Stacy Rasgon reiterated his Buy rating on Nvidia shares, pointing to “off the charts” demand for its chips.

  • Laura Bratton

    Dallas Fed’s index for Texas manufacturing activity drops more than expected

    The Dallas Fed’s general business activity index for Texas manufacturing dropped to -8.7 in September, lower than the -1 reading expected and the -1.8 in August.

    Texas accounts for more than 10% of US manufacturing output.

    The contraction in manufacturing activity in the state comes after the S&P Global’s Flash PMI reading last week showed the broader US manufacturing and services sectors grew less than expected in September.

    Meanwhile, the Dallas Fed’s employment index for Texas manufacturing dropped 12 points to -3.4 in September, marking “a slight decline in employment” and the lowest reading since April, amid broader cracks in the US labor market.

    At the same time, production in the manufacturing sector in Texas grew at a slower pace, with the regional bank’s production index falling 10 points from August to 5.2.

    The latest data is another metric of the country’s economic health as the Federal Reserve weighs further interest rate cuts this year.

  • Laura Bratton

    Intel stock falls, ending rally

    Intel (INTC) shares fell on Monday after surging more than 20% during the prior trading week.

    The stock dipped more than 3% in early trading, snapping its recent rally following Nvidia’s (NVDA) announcement that the AI chipmaker would take a $5 billion stake in the struggling company and that the two firms would partner to develop chips for data centers and personal computers.

    The US government also made a $9 billion investment in Intel in August.

    Deutsche Bank (DB) analyst Ross Seymore wrote in a note to clients on Monday that the moves “reflect CEO Lip Bu Tan’s aggressive pursuit of strengthening the company’s balance sheet at all costs.”

    Tan assumed his role as chief executive of Intel earlier this year after the ouster of former CEO Pat Gelsinger last December.

    But Seymore also said that it will likely be a few years before Intel sees the benefit of its latest turnaround efforts.

    “We note that the true financial benefit of the steps taken by the company (investment in foundry, rehabbing their product roadmap, announced collaborations) remain unlikely until 2028+,” Seymore wrote.

  • Laura Bratton

    Stocks rise at the open as government shutdown looms

    US stocks climbed on Monday at the open, despite a looming US government shutdown that could delay the release of significant monthly jobs report later in the week, which will factor into the Federal Reserve’s path of interest rate cuts.

    The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose about 0.3%. The tech-heavy Nasdaq Composite (^IXIC) jumped 0.5%. The moves built on Friday’s rebound after the major gauges slumped last week to snap a record-breaking rally.

  • Wall Street says high stock valuations may be here to stay

    Yahoo Finance’s Allie Canal reports:

    Read more here.

  • EA stock jumps on $55 billion acquisition deal

    Electronic Arts (EA) announced on Monday that it will be acquired by a group of investors comprising Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners in a deal valued at $55 billion.

    The deal marks the largest leveraged buyout in history.

    Shares of the maker of the “Sims” and “Madden NFL” video game franchises jumped over 5% in premarket to $204 per share, as shareholders will receive $210 per share from the deal, a 25% premium to the stock price as of Sept. 25.

    The stock surged nearly 15% on Friday after the Wall Street Journal initially reported that EA was in advanced talks to be acquired for as much as $50 billion. Year to date, the stock is up 32%.

  • MoonLake stock poised for huge wipeout after drug trial disappoints

    Shares in MoonLake Immunotherapeutics (MLTX) cratered almost 90% a couple of hours before the bell on the heels of disappointing trial data.

    The biopharma company’s trial results for a skin disease drug fell short of showing it was superior to treatments such as UCB SA’s Bimzelx, analysts found.

    Bloomberg reports:

    Read more here.

  • Cannabis stocks surge after Trump appears to back CBD for senior healthcare

    Shares of pot companies climbed in premarket trading on Monday after President Trump shared a video advocating the potential benefits from the use of cannabidiol (CBD) in senior healthcare.

    Canopy Growth’s (CGC) US-listed stock was up around 14%, paring a gain of almost 20% in the early hours. Tilray Brands (TLRY) jumped over 18%, while Cronos Group (CRON) and Aurora Cannabis (ACB) both added about 10%.

    Reuters reports:

    Trump had said last month his administration was looking to reclassify marijuana, which could also result in potentially easing criminal penalties around its use.

    Hemp-derived cannabidiol (CBD) could “revolutionize senior healthcare” by helping reduce disease progression and was shown as an alternative to prescription drugs, according to a video shared by Trump on Truth Social on Sunday. …

    Trump “already hinted that they were planning to reclassify it. This doesn’t mean it’s legalizing the drug, but it does reduce some of the burden on the companies,” said Daniela Hathorn, senior market analyst at Capital.com.

    “I do think there is further room for these stocks to move higher if it’s confirmed that the reclassification is happening.”

    Read more here.

  • Jenny McCall

    Good morning. Here’s what’s happening today.

  • Jenny McCall

    Premarket trending tickers: Canopy Growth, GSK and AstraZeneca

    Here’s a look at some of the top stocks trending in premarket trading:

    Canopy Growth (CGC) and Tilray Brands (TLRY) US-listed shares jumped in premarket trading on Monday following President Trump’s social media post suggesting the possible benefits of cannabidiol.

    GSK’s (GSK) US-listed shares rose 3% following the news that its CEO Emma Walmsley will step down in December and be replaced by insider Luke Miels.

    AstraZeneca’s (AZN) stock rose 1%v before the bell after announcing it will directly list its shares in the US and invest $50 billion in US manufacturing.

  • Alibaba stock rises after bullish analyst calls on AI, cloud

    Alibaba (BABA, 9988.HK) shares climbed on Monday, up around over 3% before the bell on Wall Street after closing higher in Hong Kong.

    The gains came after analysts lifted their price targets on the stock, citing the Chinese tech giant’s accelerated push into AI.

    Bloomberg reports:

    Read more here.


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