SPY ETF Flat Amid Government Shutdown Concerns Despite Strong Corporate Earnings
The SPDR S&P 500 ETF Trust (SPY) closed nearly unchanged at $671.29, down just 0.01%, as market Optimism from robust earnings by General Motors and 3M collided with growing anxiety over the prolonged U.S. government shutdown. Consumer discretionary and industrial sectors outperformed, while utilities and communication services dragged.
Investors injected $7 billion into SPY over five days, demonstrating continued appetite for broad market exposure despite macroeconomic headwinds. The stalemate in Washington—now entering its third week—has begun disrupting critical services, with air travel disruptions amplifying economic concerns.
All eyes now turn to impending CPI and Q3 GDP data, which could ignite volatility in the benchmark ETF. The Nasdaq 100's slight 0.06% decline reflects similar caution among growth-oriented investors.
