"The S&P 500 rose 0.4% Tuesday to close out its fifth straight winning month after setting a record last week. The Dow Jones Industrial Average gained 0.2%, and the Nasdaq composite rose 0.3%. The quiet trading came as a potential shutdown of the U.S. government loomed. Past shutdowns have had limited impact on the economy and stock market, and many investors expect something similar this time around."
"The S&P 500 has climbed an average of 4.4% during past shutdowns and is positive over the last five, according to Monica Guerra, head of U.S. policy at Morgan Stanley Wealth Management. The broad stock market has been on a nearly relentless run since hitting a low in April on expectations that President Donald Trump's tariffs won't derail global trade and that the Federal Reserve will cut interest rates several times to boost the slowing job market."
U.S. stocks closed out a fifth consecutive winning month with the S&P 500 rising and the Dow and Nasdaq posting modest gains. Trading was quiet as a potential federal government shutdown approached, and investors treated the risk as limited based on past shutdowns' muted effects on the economy and markets. The S&P 500 has historically climbed during past shutdowns and was supported by expectations that tariffs would not derail trade and that the Federal Reserve will cut interest rates to support the slowing job market. Treasury yields wavered but remained relatively steady after mixed economic reports.
Read at Fortune
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