SPY, QQQ Show Resilience Amid Looming Government Shutdown as Consumer Sentiment Declines

The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) closed higher despite mounting fears of a government shutdown. President TRUMP warned of 'irreversible consequences' as the odds of a federal closure by October 1 surged to 88% on prediction markets.

Key economic data releases—including nonfarm payrolls and CPI figures—face potential delays, leaving the Federal Reserve with limited visibility ahead of its October FOMC meeting. This uncertainty could drive institutional interest toward non-correlated assets like Bitcoin and ethereum as hedges against political volatility.

Separately, the launch of TrumpRx—a direct-to-consumer drug pricing platform developed with Pfizer—highlights growing private-sector workarounds to government dysfunction. Such initiatives may accelerate blockchain adoption for supply chain transparency in pharmaceuticals.