Market Update – Investors Stay Upbeat Despite Government Shutdown
Markets continue to show strength even as the federal government shutdown halts key economic reports. With limited data available, investors are relying on private-sector indicators such as ADP’s employment report, which suggests continued softening in the labor market. Despite uncertainty, the S&P 500 has extended its winning streak as optimism holds.
In this week’s Market Update, we cover:
The impact of the federal shutdown on economic reporting
What ADP’s private jobs data reveals about hiring trends
Why investors remain optimistic despite uncertainty
Historical context on previous shutdowns and GDP impact