Stock Market Live October 7: S&P 500 (VOO) Rises Again on Government Shutdown Day 7

"As Tuesday dawns, the U.S. Government is seven days into its shutdown - with no end in sight. The U.S. Senate tried yesterday, for a fifth time, to pass a bill to fund the government through November 21. It failed to win the necessary 60 votes, which would require eight Democrats to switch sides and join their Republican comrades. Despite their being no movement towards compromise, however, the U.S. stock market just keeps on climbing."

"Shutdown or not, the government continues to make news today, however, most notably thanks to the Trump Administration announcing that it will directly invest $35.6 million in tiny Trilogy Metals ( NYSEMKT: TMQ), a profitless, revenue-less miner of copper, cobalt, lead, zinc, gold, and silver. The government will receive a 10% stake in the company for its investment. It's presumably buying into the company in hopes of securing access to strategic metals such as copper and cobalt."

U.S. Government shutdown reached seven days after the Senate failed to pass a funding bill that required 60 votes, with eight Democrats needed to join Republicans. The U.S. stock market continued to climb, with the Vanguard S&P 500 ETF up nearly 0.2% premarket. The Trump Administration announced a direct $35.6 million investment for a 10% stake in Trilogy Metals, a miner of copper, cobalt, lead, zinc, gold, and silver, sending Trilogy shares up 240% premarket. Constellation Brands reported fiscal Q2 2026 earnings of $3.63 per share and revenue just under $2.5 billion, beating EPS forecasts by $0.15 and issuing fiscal 2026 guidance of $11.30 to $11.60, prompting a near 5% premarket rise.

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