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U.S. Stock Futures Steady as Market Brushes Off Government Shutdown Worries

U.S. Stock Futures Steady as Market Brushes Off Government Shutdown Worries

U.S. stock futures were largely flat on Thursday evening after a positive session. Strength in the artificial intelligence (AI) sector seemed to outweigh worries about the two-day-old U.S. government shutdown. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.03%, 0.01%, and 0.02%, respectively, at 6:13 p.m. EDT on October 2.

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In the regular trading session, U.S. stocks rose for the fifth day in a row. The Dow, S&P 500, and Nasdaq all closed at record highs, with the Nasdaq and S&P 500 also hitting new intraday peaks. Overall, the Nasdaq, the Dow Jones, and the S&P 500 gained 0.4%, 0.2%, and 0.1%, respectively.

The shutdown has forced the Labor Department to pause most activity, blocking the release of the key September nonfarm payrolls report, due tomorrow. This removes a data point that the Federal Reserve would factor into its October interest rate decision.

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