Wall Street indexes climb as investors brush off government shutdown uncertainties

Wall Street indexes climb as investors brush off government shutdown uncertainties

By Sinéad Carew and Niket Nishant

Mon September 29, 2025 4:42 PM

After last Wednesday’s good real estate report and Friday’s good PCE, investor sentiment has suddenly shifted with investors largely shrugging off the upcoming obstacles – an upcoming government shutdown and doubts about more rate cuts. Today’s attitude was that there won’t be a shutdown and that, despite the cautionary notes re inflation, there will be another rate cut in November, the odds now priced at 89%, and this optimism pushed the indexes modestly higher. AI once again ruled the day, with a 3-digit increase in the Nasdaq.  

Let’s face it, there have been many threats of shutdowns in the past and always someone blinks at the 11^th hour. And even if they don’t the disruption is always very short-lived. But after just two days of doubts, the long-held optimism of more cuts was back today with investors more confident that we will indeed find a balance between employment and inflation. As today’s expert put it, “Investors are clinging to the positives.” Volume was 17.91 billion, a little below the 18.25 average. 

DJ: 46,247.29  +299.97      NAS: 22,484.07  +99.37      S&P: 6,643.70  +38.98      9/26

DJ: 46,316.07  +68.78        NAS: 22,591.15  +107.09    S&P: 6,661.21  +17.51      9/29

Mon 9-29-25 4:42 pm Wall Street indexes climb as investors brush off government shutdown uncertainties | Reuters