Dow, S&P 500, Nasdaq futures slide as a US government shutdown begins

October 1, 2025

Dow, S&P 500, Nasdaq futures slide as a US government shutdown begins

Breaking News

Image source: Adobe Stock

US stock futures pulled back on Wednesday after the US government entered its first shutdown in seven years, putting hundreds of thousands of jobs and billions of dollars in output at risk.

Futures on the Dow Jones Industrial Average and the S&P 500 both fell about 0.5%. Contracts on the tech-heavy Nasdaq 100 slid 0.6%.

Stocks closed out their strongest third quarter since 2020 on Tuesday, but the mood has turned sour as Wall Street weighs the likely economic impact of the shutdown.

The longer it lasts, the greater the likely hit to growth, as the fallout reaches the businesses that rely on the federal government's daily output.

Twin Senate votes on Tuesday failed to advance either a Democratic or a Republican bill to keep the government funded, triggering the stoppage at 12:01 a.m. ET. Yahoo Finance reports.

EdgeUp

📊 Taiwan will not agree to 50-50 chip production deal with US, negotiator says

Taiwan will not agree to a deal with the United States for half of all semiconductor production to take place in the country, the island's top tariff negotiator said on Wednesday after returning home.

U.S. Secretary of Commerce Howard Lutnick told U.S. television network News Nation over the weekend that Washington's pitch to Taiwan would be a 50-50 split in making chips, the vast majority of which are now made on the island. Reuters reports.


🤖 Samsung, SK Hynix to supply memory chips to OpenAI's Stargate project

Samsung Electronics and SK Hynix have signed letters of intent to supply memory chips for OpenAI's data centers, they said on Wednesday, as South Korean chipmakers join forces with the ChatGPT maker to meet rising demand from its Stargate project.

The announcements were made on Wednesday after OpenAI CEO Sam Altman met South Korean President Lee Jae Myung and the chairmen of Samsung Electronics and SK Hynix at the presidential office in central Seoul.

U.S. President Donald Trump announced the $500 billion Stargate project in January, charging OpenAI and partners including SoftBank and Oracle with ensuring the U.S. remains a leader in artificial intelligence. Yahoo Finance reports.


🚙 Tesla hikes lease prices as US electric vehicle tax credit expires

Tesla has raised lease prices for all its vehicles in the U.S. after a $7,500 federal tax credit that helped boost electric vehicle sales expired, according to the company's website on Wednesday.

The change follows the end of tax incentives under sweeping legislation passed by Congress, which eliminated the $7,500 credit for new EV leases and purchases, as well as a $4,000 credit for used EVs, effective September 30.

Tesla and its rivals had been passing these credits on to customers through competitive lease offers. Yahoo Finance reports.


📱 Alphabet’s stock just had its best quarter in two decades thanks to AI

For investors looking for validation of Alphabet Inc.’s artificial-intelligence strategy, some proof arrived on Tuesday.

The Google parent company’s stock clinched its biggest quarterly gain in 20 years, with shares of Alphabet’s Class A stock closing at $243.10 and gaining 38% between the beginning of July and the end of September.

The stock’s third-quarter performance this year marked the company’s best since the second quarter of 2005, according to Dow Jones Market Data. (Its Class C shares which originated in 2014 and now trade under the “GOOG” ticker, rose 37% to seal their best quarterly performance on record.) MarketWatch reports.


📊 Pipeline and Storage boost Atmos Energy's Q3 performance

Atmos Energy's recent updates underscore impressive accomplishments, including strong Q3 25 earnings with substantial revenue and profit growth, strategic investments in infrastructure modernization and enhanced customer service initiatives. MarketScreener reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.


1) GLXG: Galaxy Payroll Group
Total gain: +43.22%

2) LAC: Lithium Americas
Total gain: +31.17%

3) NVA: Nova Minerals
Total gain: +24.2%

4) AIHS: Senmiao Technology
Total gain: +21.5%

5) MTEX: Mannatech
Total gain: +14.12%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on September 30.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) ZURA: Zura Bio
Total gain: +46.15%
The stock appeared to be moving on no notable news.

2) IBG: Innovation Beverage Group
Total gain: +39.16%
The stock appeared to be moving on no notable news.

3) AIIO: Robo.ai
Total gain: +36.52%
Burkhan Capital LLC and Robo.ai Inc. jointly announced a strategic investment. A consortium led by Burkhan has committed $300 million to support and accelerate Robo.ai’s growth and transformation. The transaction is expected to close within 30 days, subject to customary closing conditions. Benzinga reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars



AYI: Acuity
Q4 2025
Before Market Open
Estimate: 4.630
Actual: N/A

CALM: Cal-Maine Foods
Q1 2026
Before Market Open
Estimate: 5.350
Actual: N/A

RPM: RPM International
Q1 2026
Before Market Open
Estimate: 1.880
Actual: N/A

Today’s Economic Dates

Time (ET) | Report | Period

8:15 AM - ADP employment - September
9:45 AM - S&P final U.S. manufacturing PMI - September
10:00 AM - Construction spending - August

Parting Thoughts

“The markets are constantly changing, so you must adapt or die.”

– Richard Dennis

Sourced in: The Robust Trader

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