Government shutdown impact on stock market

Government shutdown would rattle Wall Street - Apr. 6,

A man with a megaphone announces the closure of the Statue of Liberty, a US National Park, to tourists at the ferry dock to the Statue of Liberty in Battery Park in New York, October 1, The closure was due to the US government shutdown. With the chances of a shutdown of the US federal government climbing higher , there's worry around Washington about the political fallout of a second-such budget fight in three years.

The short answer is: Despite the shutdown, economic indicators from the month of the shutdown came out fine:. The jobs report for September is scheduled to be released October 1, the day after the government might shut down. The last shutdown, which lasted from October 1 to 16, , delayed the September jobs report by 18 days , from October 4 to October In the end, it came out all right. Both Markowska and Phillips say a debt ceiling fight would be more worrisome for the economy and, obviously, the US Treasury.

In the event of a government shutdown, it seems for the most part that the economy, from jobs to stocks, will probably keep on rolling.

Why The Stock Market Should Not React to Government Shutdown | HuffPost

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Please go to Windows Updates and install the latest version. Trending Tech Finance Politics Strategy Lifestyle Sports Video All. You have successfully emailed the post. A government shutdown is nowhere near as scary as it sounds Bob Bryan.

But what about the big picture? Following the shutdown which lasted from October , economic data generally met or exceeded expectations.

For example, non-farm payrolls expanded by , in October initial print vs.

October retail sales expanded by a healthy 0. Manufacturing ISM increased from None of this is to say that people's lives won't be affected. On the stock market side, there also seems to be little reason to worry.

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