By William Collins, consultant in stock markets – Eurasia Business News, October 1, 2025. Article no 1809

Dow futures fell by about 0.47% this morning following the start of the U.S. government shutdown, which began at midnight after Congress failed to pass a funding bill.

S&P 500 futures also decreased by approximately 0.5%, and Nasdaq 100 futures dropped around 0.6%.

The shutdown threatens hundreds of thousands of federal employees’ jobs and is expected to delay key economic data releases, including the Bureau of Labor Statistics’ jobs report.

On Tuesday night, the U.S. Senate vote fell 55–45, short of the 60 votes needed to overcome a filibuster and pass the legislation. This marks the first government shutdown since 2018, when the funding gap lasted for five weeks during Trump’s first term. It means thousands of workers on unpaid leave and halting many government programs and services.

This uncertainty causes market unease, weak dollar movement, and a surge in gold futures to record highs.

Despite this, historical data suggests the U.S. stock market often rebounds after shutdowns end, but the current shutdown raises concerns about prolonged economic impact if it persists.

Investors are also focusing on today’s ADP employment report amid the disruption. Chip stocks led premarket losses, while pharmaceutical stocks showed some gains due to White House initiatives to enable direct drug purchases.

U.S. Private Sector Employment lost 32K jobs in September, in stark contrast to the expectation for 50K new jobs, after shedding 3K in August, according to data released by ADP on Thursday. August’s figure was revised down from +54K. This could be the result of sweeping tariffs unleashed by president Trump since February 2025.

Gold prices reached a record high around $3,905.60 per ounce with intraday trading between approximately $3,880.30 and $3,922.70. Gold futures opened at about $3,887.70 per ounce and surged above $3,900 during the day, reflecting a strong bullish trend influenced by the U.S. government shutdown and increased demand for safe-haven assets.

Read also : Gold : Build Your Wealth and Freedom

Silver prices reached this morning around $47.23 per ounce, marking a new 14-year high. Silver was up about 1.23% compared to the previous day, driven by safe-haven demand amid the U.S. government shutdown and fiscal uncertainties.

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© Copyright 2025 – Eurasia Business News. Article no. 1809