TL;DR
US stock futures fell on September 30 due to fears of a possible government shutdown. Investors were also worried about rising interest rates and weak global demand. Gold hit a record high as traders looked for safer options. Tech stocks like Nvidia rose, but others like Intel and Chevron fell. A shutdown may delay key economic data needed by the US central bank.
Futures fall as shutdown deadline nears
US stock futures dropped on Monday as lawmakers failed to agree on a new budget. If they do not pass a deal by October 1, the government will shut down. This would stop many federal services and delay important reports like the monthly jobs data. The Dow Jones futures fell 0.3%. S&P 500 futures dropped 0.2%. Nasdaq 100 futures also slipped 0.2%.
Gold hits record high as investors avoid risk
Gold prices rose to a record $3,842 per ounce. This happened as investors looked for safe places to put their money. At the same time, US Treasury yields stayed high. The 10-year yield was 4.15%, and the 30-year yield was around 4.71%. High yields make stocks less attractive and can slow down the economy.
Tech stocks rise, but others decline
Some big tech stocks gained. Nvidia rose 2.05% to $181.85. Amazon gained 1.09%. Disney went up 1.13%. These gains were mainly due to strong demand for tech and AI. But many other stocks dropped. Intel fell 2.90%. Chevron dropped 2.53% as oil prices went down. Boeing, IBM, and Verizon also lost value.
ETFs show mixed signs in the market
Exchange-traded funds showed mixed trends. The SPDR S&P 500 ETF rose 0.27%. The Invesco QQQ Trust, which tracks tech stocks, gained 0.45%. Some stocks saw strong gains. Robinhood rose over 12%. Western Digital jumped 9.2%. Coinbase and AppLovin also moved up sharply.
Investors also watch Fed and global slowdown
Investors are also watching the US Federal Reserve. If the government shuts down, important data like jobs and inflation numbers may be delayed. This makes it harder for the Fed to decide on interest rates. There are also concerns about the global economy. Europe is seeing weak growth. Exports from Asia are slowing. This could hurt US companies that sell products in other countries.
FAQsQ: Why are US stock futures falling? They are falling because of fears of a government shutdown and global economic weakness.
Q: Why did gold prices go up? Gold prices rose as investors looked for safer investments during uncertain times.
Q: How can a government shutdown affect the market? It can delay key data and services, which may affect decisions by the Federal Reserve.
