| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story.
U.S. stock futures rose on Monday following Friday’s mixed moves. Futures of major benchmark indices were higher.
The federal government shutdown will continue into this week after a Senate procedural vote failed again on Friday. The measure did not secure the 60 votes needed to advance, with only 54 senators voting in favor.
Meanwhile, Bitcoin (CRYPTO: BTC) broke $125,000 per coin mark to set a new all-time high, with trading volume more than doubling in the last 24 hours to a whopping $76 billion.
The 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.57%. The CME Group's FedWatch tool‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.11% |
| S&P 500 | 0.27% |
| Nasdaq 100 | 0.47% |
| Russell 2000 | 0.29% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.31% at $671.26, while the QQQ advanced 0.65% to $607.11, according to Benzinga Pro data.
Sectors posting the biggest gains on Friday included utilities, health care, and financials, while consumer discretionary and communication services stocks bucked the trend to close lower.
U.S. stocks still settled mostly higher. All three major indices recorded gains for the week, with the S&P 500 advancing around 1.1% while the 30-stock Dow also jumped 1.1%.
Due to the shutdown, the Bureau of Labor Statistics failed to publish its monthly jobs report, so markets leaned heavily on private data pointing to labor market softening.
The ADP Employment Report showed the largest private-sector job loss in over two years, and the ISM Services PMI recorded its fourth consecutive month of contraction in its employment component.
The Dow Jones index ended 239 points or 0.51% higher at 46,758.28, whereas the S&P 500 index rose 0.0066% to 6,715.79. Nasdaq Composite declined 0.28% to 22,780.51, and the small-cap gauge, Russell 2000, gained 0.72% to end at 2,476.18.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | -0.28% | 22,780.51 |
| S&P 500 | 0.0066% | 6,715.79 |
| Dow Jones | 0.51% | 46,758.28 |
| Russell 2000 | 0.72% | 2,476.18 |
The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later.
Charlie Bilello, Chief Market Strategist at Creative Planning, highlighted this looming prospect in a recent X post, referencing the Polymarket odds.
In a detailed video accompanying his post, Bilello explained, "The majority saying it's going to last October 15th or later," underscoring the betting market's bearish outlook on a swift resolution.
Despite the political gridlock, Bilello offered a nuanced perspective on the shutdown's potential impact on financial markets and public benefits. Addressing widespread fears, he reassured that essential services like Social Security would remain unaffected.
Historically, government shutdowns have had a surprisingly benign effect on the stock market. Bilello noted, "More often than not, the stock market's actually been higher during a government shutdown. So really no impact whatsoever." He cited the 2018 shutdown, which lasted 35 days and saw the S&P 500 rally 10%, as a testament to investors' tendency to look past temporary political disruptions.
Meanwhile, entrepreneur and investor Anthony Pompliano stirred a debate Sunday by comparing the performance of the S&P 500 stock index to that of Bitcoin.
In an X post, Pompliano stated that despite the S&P 500 surging over 100% since January 2020, the index has actually fallen 88% when evaluated against Bitcoin, citing data from the Opening Bell Daily newsletter.
"Bitcoin is the hurdle rate. If you can’t beat it, you have to buy it," Pompliano said, suggesting that the apex cryptocurrency has crossed the benchmark required to be considered a viable investment.
See Also: How to Trade Futures
Here's what investors will be keeping an eye on this week;
Crude oil futures were trading higher in the early New York session by 1.56% to hover around $61.90 per barrel.
Gold Spot US Dollar rose 1.45% to hover around $3,943.01 per ounce. Its last record high stood at $3,949.58 per ounce. The U.S. Dollar Index spot was 0.68% higher at the 98.3890 level.
Asian markets closed higher on Monday, except Hong Kong's Hang Seng and Australia's ASX 200 indices. Japan's Nikkei 225, South Korea's Kospi, China’s CSI 300, and India’s S&P BSE Sensex indices rose. European markets were mixed in early trade.
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