Dow Jones Futures Slip as U.S. Government Shutdown Fears Mount
Login

Dow Jones Futures Slip as U.S. Government Shutdown Fears Mount

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Dow Jones futures edged lower on Tuesday, reflecting market caution as investors weighed the growing risk of a potential U.S. government shutdown and its impact on upcoming economic data.

Futures Under Pressure Ahead of Jobs Data

During European trading hours, Dow Jones futures fell 0.18% to 46,500, while S&P 500 futures dropped 0.19% to 6,700. The Nasdaq 100 futures also slipped 0.21%, trading below 24,800.

The weakness in futures comes as traders brace for the possibility that the highly anticipated September Nonfarm Payrolls report could be delayed if lawmakers fail to reach a funding agreement. The uncertainty also casts a shadow over other key releases this week, including job openings, private payrolls, and the ISM manufacturing PMI.

Shutdown Standoff in Washington

Congressional leaders once again failed to secure a deal on Monday, leaving the U.S. government on the brink of a funding freeze. President Donald Trump has warned of federal job cuts if a shutdown occurs, a move that would further disrupt government operations and dampen investor confidence.

Wall Street Opened Strong on AI Rebound

Despite futures weakness, Wall Street kicked off the week with gains on Monday, driven by a rebound in artificial intelligence stocks.

  • Dow Jones: +0.15%
  • S&P 500: +0.26%
  • Nasdaq: +0.48%

Tech leaders led the rally, with Nvidia up 2.1%, AMD gaining 1.2%, and Micron Technology jumping 4.2%.

New Tariffs Add to Uncertainty

Adding another layer of market risk, President Trump signed a proclamation on Monday imposing:

  • 10% tariff on lumber imports
  • 25% tariff on vanities, kitchen cabinets, and upholstered wooden products

The new tariffs are set to take effect on October 14, according to Reuters.

Make money without lifting your fingers: Start using a world-class auto trading solution.

EightCapyour trusted Partner in CFDs, Cryptocurrencies and Stocks.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News