U.S. stock market futures advanced and gold hit a new all-time high on Monday morning, with investors shrugging off the near-certainty of a government shutdown as Wall Street weighs the limited immediate financial fallout against the more significant risks of a prolonged political impasse.
While the market appears calm, a key risk looms: a potential blackout of crucial economic data that could leave investors and policymakers flying blind.
Futures Rise Despite 83% Shutdown Bets
As of early Monday, Dow Jones futures were up 127 points, or 0.27%, while Nasdaq 100 futures gained 108 points (+0.44%), and S&P 500 futures rose by 0.34%. Meanwhile, gold hit a fresh all-time high $3,815.28 per ounce.
The positive sentiment comes even as bettors on Polymarket give an 83% probability of a government shutdown occurring at midnight on Wednesday, Sept. 30.
| Futures | Change (+/-) |
| Dow Jones | 0.27% |
| S&P 500 | 0.34% |
| Nasdaq 100 | 0.44% |
| Russell 2000 | 0.35% |
Wall Street’s Unfazed Initial Reaction Is Logical
According to Jim Bianco, President at Bianco Research LLC, the market’s muted reaction is logical, as the initial shock is often minimal. He notes that while …