From the potential impact of a government shutdown on the stock market to the future of AI companies and the gold mining industry, here are the top stories that shaped the week’s financial news.
Government Shutdown: S&P 500’s Historical Trends Hint At Unexpected Outcome
Despite the looming threat of a government shutdown, the stock market might not react as expected. In the past 11 shutdowns, the S&P 500, as represented by the Vanguard S&P 500 ETF (NYSE:VOO), actually experienced gains in eight of them. The average increase was 1.46% over seven days surrounding the events.
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Markets Today: Robinhood Soars, Oil Dips, Gold Defies Gravity
The week commenced with modest gains in technology and growth sectors on Wall Street. The S&P …