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Barchart
Barchart
Rich Asplund

Stocks Retreat as the US Government Shuts Down

The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.27%.  December E-mini S&P futures (ESZ25) are down -0.20%, and December E-mini Nasdaq futures (NQZ25) are down -0.34%.

Stock indexes are moving lower today as the US government shut down at midnight after lawmakers failed to pass a continuing resolution to fund the government.  The dollar index fell to a one-week low today, and gold prices climbed to a record high as the government shutdown sparked a risk-off sentiment in stocks. The shutdown also means a delay in government reports, including Thursday's weekly jobless claims report and Friday's monthly payroll report.  A prolonged shutdown could also delay the government's inflation data, scheduled for release on October 15. 

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