Markets Rise Despite Looming Government Shutdown
Markets have shown resilience despite looming political uncertainty. A potential government shutdown, set to begin in early October, has had a limited impact on market performance, according to Christian Henke of IG. Meanwhile, major indices and key stocks have registered notable gains.
The Nasdaq index is poised for a five percent gain in September and an over eight percent increase for the quarter. The DJIA has risen nearly five percent for the third quarter and nearly one and a half percent for the month so far. Apple stock has seen gains of 0.94% EUR and 0.7% USD, while Tesla's shares have risen 1.0% USD and 0.89% EUR.
Merck & Co's stock led the DJIA with a 5.0 percent gain. However, the S&P 500 slipped 0.1 percent to 6,654 points on Tuesday. The DJIA also dipped by around 0.3 percent to 46,197 points. Nvidia's shares, however, hit a record high with a 2.2 percent gain, marking the fourth consecutive day of increases. The Nasdaq 100 lost 0.2 percent to 24,554 points on the same day.
Despite a potential government shutdown, markets have largely maintained their upward trajectory. Key indices and stocks have shown resilience, with notable gains registered across the board. However, investors will continue to monitor political developments and their potential impact on market performance.
