Stocks

Stocks Slip on Shutdown Worries

Phil Orlando, Chief Equity strategist at Federated Hermes, talks about the market's asymmetric risks. Stocks retreated as the US government veering toward a shutdown stoked anxieties about the possibly delayed release of key economic data the Federal Reserve needs to keep cutting interest rates. The S&P 500 fell 0.2%. Gold’s record-breaking rally came to a halt. The Bloomberg Dollar Spot Index slid. Treasuries are headed for a third straight quarter of gains. Oil extended a sharp decline as OPEC+ considers boosting the pace of its output hikes in the coming months. Even with Friday’s release of nonfarm payrolls data in doubt given a seemingly imminent US government shutdown, traders will still get some glimpses this week of how the labor market is faring. (Source: Bloomberg)

U2Fx.com

Sep 30, 2025 - 22:00

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Phil Orlando, Chief Equity strategist at Federated Hermes, talks about the market's asymmetric risks. Stocks retreated as the US government veering toward a shutdown stoked anxieties about the possibly delayed release of key economic data the Federal Reserve needs to keep cutting interest rates. The S&P 500 fell 0.2%. Gold’s record-breaking rally came to a halt. The Bloomberg Dollar Spot Index slid. Treasuries are headed for a third straight quarter of gains. Oil extended a sharp decline as OPEC+ considers boosting the pace of its output hikes in the coming months. Even with Friday’s release of nonfarm payrolls data in doubt given a seemingly imminent US government shutdown, traders will still get some glimpses this week of how the labor market is faring. (Source: Bloomberg)