US stocks under pressure as government shutdown starts

New York, Oct 1, 2025 (AFP)
Wall Street stocks mostly fell early Wednesday as the US government officially entered a partial shutdown following a stalemate in budget talks.
Republicans and Democrats immediately blamed each other for the deadlock that will impact hundreds of thousands of government workers and the millions of Americans who use the services they provide.
Markets also absorbed poor data on US private-sector hiring from last month.
About 15 minutes into trading, the Dow Jones Industrial Average was flat at 46,398.42.
The broad-based S&P 500 declined 0.2 percent to 6,676.70, while the tech-rich Nasdaq Composite Index shed 0.3 percent to 22,598.90.
Ahead of the shutdown, it had been seen as a source of additional uncertainty for markets. But analysts say negative impacts from closures can be reversed once the government reopens.
"Investors have been willing to ignore a lot of inconvenient facts for the past several months or even years," said Steve Sosnick, of Interactive Brokers. "So they might do the same again."
Meanwhile, private sector employment shed 32,000 jobs in September, said payroll firm ADP. While the ADP report is not typically viewed as very influential on markets, the September data could take on greater import if the shutdown delays Friday's government jobs report.
Among individual companies, Nike jumped 3.9 percent after reporting better than expected results. But the company raised its projection of the cost from US tariffs to an annual hit of $1.5 billion from the prior $1 billion.

Sumber : AFP