Overview
The U.S. stock market finished higher today, buoyed by gains that were tempered by concerns over potential new tariffs and a possible federal government shutdown as Congress remains at an impasse over short-term funding. The Labor Department warned that, should a shutdown occur, all operations at the Bureau of Labor Statistics would cease, delaying crucial data releases like Friday's payroll report.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
Market tensions are high due to the potential government shutdown, which historically has not greatly affected markets but this time could delay critical data releases essential for Federal Reserve policy projections. President Trump's announcement of new tariffs adds to trade policy risks and market uncertainty.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 20:25:15 | U.S. Johnson Redbook Retail Sales |
| 22:00 | U.S. July Home Price Index |
| 22:45 | U.S. September PMI |
| 23:00 | U.S. August JOLTS Job Openings |
| 23:00 | U.S. Conference Board Consumer Confidence Index |
| 20:20 | Fed's Collins Speech |
| 20:30 | Fed's Bostic Speech |
A General Opinion
The U.S. stock market's rise amidst political uncertainty and potential delays in economic data releases showcases resilience but also reflects underlying caution. The postponed data could impact the Federal Reserve's rate policy outlook. Investors will closely monitor tomorrow's scheduled economic data and commentary from Federal Reserve officials.
