TheDrop Market Analysis, 10/01/25

Markets seemed to withstand pressure from the recent government shutdown by placing their attention toward job data.

President Donald Trump speaking to a crowd in Potterville, Michigan on August 29th, 2024, Alex Brandon/AP Photo.

The S&P 500 index rose to over 6,700 points, making a new record; meanwhile the Dow Jones Industrial Average rose 0.1% and the Nasdaq Composite rose 0.4%. The VIX volatility index remained stagnant, showing the minimal changes experienced today.

World ETFs like the Nikkei, CAC, and FTSE surged as American interest rate cuts seem around the corner. Cryptocurrencies surged following their slight fall yesterday, with Bitcoin rising 3.7% and Ethereum rising 5.4% in valuation, respectively. This did lead to the devaluation of silver and gold, however.

Markets edged up higher very slightly as private ADP jobs data released earlier today showing a softening job market, increasing bets of another Fed rate cut next month, vastly overshadowing the unforeseen doom of a government collapse.

Stocks stagnated today, with most of the Magnificent Seven technically making gains, but those gains being very marginal. The largest of these gainers was Tesla, which rose 3.3% as investors seemed optimistic for its upcoming earnings report. However, confidence later halted after the Ford CEO warned that consumers are not interested in costly electric vehicles, many of which derive from Tesla.