By John Meyer, consultant in business – Eurasia Business News, October 7, 2025. Article no 1821
On October 7 the U.S. stock market indices traded lower with the following performance:
- Dow Jones Industrial Average (DJIA) closed at 46,563.97, down by 131.00 points or -0.28%.
- Nasdaq Composite Index closed at 22,785.36, down by 156.30 points or -0.68%.
- S&P 500 Index closed at 6,710.31, down by 29.97 points or -0.44%.
The market pullback was influenced by worries about the ongoing U.S. government shutdown impacting economic data availability, concerns on corporate earnings margins (notably Oracle), and some profit-taking after recent strong rallies fueled by optimism around artificial intelligence (AI) innovations. Affordable Care Act tax credits and health care are at the center of the U.S. Federal shutdown.
In contrast to stocks, gold reached a historic high, surpassing $4,000 per troy ounce for the first time ever, driven by investor demand for safe-haven assets amid current uncertainties.
Over in the bond market, yields were lower. The 10-year Treasury yield (US10Y) was 2 basis points lower at 4.13%, while the 2-year yield (US2Y) also fell 2 basis points to 3.58%. A $58B, 3-Year Note Auction tailed.
U.S. President Donald Trump reportedly held trade talks with Canada’s Governor Mark Carney, a development indicating ongoing diplomatic and economic discussions, although details remain limited. The broader context includes the U.S. government shutdown entering its seventh day and potential impacts on economic indicators and market dynamics.
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© Copyright 2025 – Eurasia Business News. Article no. 1821
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