By Mike Murphy
Stocks gained last week, but got off to a slow start Sunday.
U.S. stock futures gained Sunday, after the S&P 500 and Dow Jones Industrial Average ended Friday at all-time highs.
Dow Jones Industrial Average futures (YM00) were up 83 points, or 0.2%, late Sunday, while S&P 500 futures (ES00) and Nasdaq-100 futures (NQ00) advanced about 0.3% as investors remained in wait-and-see mode as the government shutdown has put the release of much economic data, including monthly jobs numbers, on hold.
Oil prices (CL.1) rose 1.5% after OPEC+ earlier in the day announced a modest production boost of 137,000 barrels a day in November, despite growing fears of a global oversupply of crude over the next year or so.
Bitcoin (BTCUSD) notched a new record high Sunday, topping the $125,000 mark as investors turn to the so-called debasement trade, seeking out the perceived safety of crypto and gold to hedge against fears of a falling dollar amid increased economic uncertainty caused by the government shutdown. The price of gold (GC00) rose Sunday, as did the ICE U.S. Dollar Index DXY, which measures the greenback against a basket of rival currencies.
Read more: How one of 2025’s most popular trades is boosting gold and bitcoin – and may keep going during the government shutdown
Stocks were mixed Friday, with the S&P 500 and Dow closing at record highs. For the week, the S&P 500 SPX and Dow DJIA each advanced 1.1%. The tech-heavy Nasdaq COMP gained 1.3% on the week, despite snapping a five-session winning streak Friday, according to Dow Jones Market Data.
The federal shutdown entered its fifth day Sunday with no apparent end in sight. President Donald Trump said Sunday night that some federal workers have already been fired, following through on his threats. On Monday, the Senate is scheduled to again vote on a stopgap spending measure, which is not expected to gain enough Democratic votes to pass.
-Mike Murphy
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10-05-25 2301ET
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