Business, Finance, Stocks
The Nasdaq rose despite government shutdown fears, driven by tech stocks and anticipated rate cuts. Gold prices hit record highs as investors seek safe assets amid uncertainty.
By William Collins, consultant in stock markets – Eurasia Business News, September 29, 2025. Article no 1808
The Nasdaq rose on Monday as investors largely shrugged off concerns about a looming government shutdown, with President Trump hosting urgent, last-minute talks at the White House with congressional leaders in hopes of averting the crisis before federal funding expires at midnight on Tuesday.
The Nasdaq Composite climbed 0.48%, leading major indexes higher alongside the S&P 500 (+0.3%) and Dow Jones (+0.1%).
Market optimism persisted despite the shutdown risk, driven by tech stocks and anticipation of possible Federal Reserve rate cuts.
If a shutdown occurs, analysts expect negative ramifications for the dollar and Treasury yields, while gold prices have reached new highs as investors seek safe havens.
The U.S. President Donald Trump met with the four top congressional leaders — House Speaker Mike Johnson, Senate Majority Leader John Thune (Republicans), and House Minority Leader Hakeem Jeffries, Senate Minority Leader Chuck Schumer (Democrats).
Democrats are demanding reversal of Medicaid cuts and extension of Obamacare subsidies, while Republicans are pushing a short-term funding bill (continuing resolution) without those concessions.
The Senate requires 60 votes to pass any funding bill, so bipartisan support is essential; Democrats hold enough votes to block Republican proposals, making a compromise urgent.
As of Monday, little progress had been made, with both sides entrenched. Prediction markets put the shutdown odds above 60%, and Barclays analysts suggest it could last more than five days if it happens.
A government shutdown would suspend non-essential services, halt inspections, and furlough federal workers across affected agencies; Social Security and Medicare checks will continue to be sent out.
President Trump has warned that a shutdown could result in permanent cuts to federal positions.
Both parties are using the shutdown threat for political leverage, with Democrats focusing on healthcare and Republicans positioning themselves as fiscal stewards ahead of next year’s midterms
Gold and Silver prices Surge
Gold surged to a record high, trading between $3,815 and $3,843 per ounce, while silver rose to around $46.91 to $47.16 per ounce.
Read also : Gold : Build Your Wealth and Freedom
Both metals were buoyed by a weaker dollar, central bank buying, and heightened economic uncertainty.
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© Copyright 2025 – Eurasia Business News. Article no. 1808
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