Market Rises Amid Tariff Speculation and Shutdown Uncertainty
Equities gained ground as the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) climbed ahead of a packed earnings week. The uptick coincides with renewed trade optimism—former President TRUMP signaled willingness to eliminate remaining China tariffs contingent on Beijing curbing fentanyl exports. "As soon as we see that, we’ll get rid of the other 10%," Trump stated aboard Air Force One, referencing his earlier reduction of duties from 20% to 10%.
Political headwinds persist as the government shutdown enters its 31st day. Trump escalated pressure on Senate Republicans to abolish the filibuster, claiming the procedural change WOULD expedite reopening legislation. The standoff echoes the 35-day impasse of 2018-2019, with markets so far shrugging off operational disruptions.
