U.S. stock futures tumbled on Wednesday morning due to investors’ concerns about the impact of the government shutdown, which could delay key economic data and weigh on the Federal Reserve’s policy-easing plans. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.48%, 0.30%, and 0.41%, respectively, at 8.20 a.m. EST on October 1.
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The decline in futures follows an unusually solid September, with the Nasdaq Composite, the S&P 500, and the Dow Jones gaining around 5.6%, 3.5%, and 1.9%, respectively.
Coming to key stocks in focus, shares of athletic apparel and footwear maker Nike (NKE) were up 4.8% in pre-market trading, as the company reported a surprise revenue growth for the first quarter of Fiscal 2026. Meanwhile, Lithium Americas (LAC) stock rallied 32% in Wednesday’s pre-market trading on the news that the U.S. Department of Energy (DOE) is acquiring a 5% stake.
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