US open: Major indices in the red as data blackout risk grows
By Iain Gilbert
Date: Tuesday 30 Sep 2025
(Sharecast News) - Major indices were in the red early on Tuesday, with members of Congress scrambling to pull together an eleventh-hour government spending bill.
As of 1505 BST, the Dow Jones Industrial Average was down 0.02% at 46,308.96, while the S&P 500 shed 0.10% to 6,654.41, and the Nasdaq Composite came out of the gate 0.16% lower at 22,554.30.
The Dow opened 7.11 points softer on Tuesday, taking a small bite out of gains recorded in the previous session.
Investors continued to weigh heightened political uncertainty at the open on Tuesday, with Congress Republicans and Democrats still needing to lock in a government budget agreement before the end of the day. The Labor Department said it will withhold all scheduled data releases, including Friday's nonfarm payrolls report, if a government shutdown can not be averted.
Trump warned over the weekend that mass federal job cuts could follow if lawmakers fail to reach an agreement. While shutdowns have historically had limited impact on financial markets, analysts cautioned that delays to key economic indicators, such as Friday's nonfarm payrolls report, could cloud the Federal Reserve's interest rate outlook and weigh on investor sentiment.
On the macro front, the S&P/Case-Shiller 20-city home price index rose 1.8% year-on-year in July, the smallest gain since July 2023, after a 2.2% increase in June, and compared to forecasts of 1.6%. New York again reported the highest annual gain among the 20 cities, up 6.4%, followed by Chicago at 6.2%, while Cleveland, Boston and Detroit also posted solid increases of about 4%. By contrast, Tampa home prices fell 2.8% year-on-year and Phoenix slipped to -0.9%, officially turning negative.
Elsewhere, the Chicago business barometer fell to 40.6 in September, according to the Institute for Supply Management, down from 41.5 in August and well below market expectations for an improvement to 43. September's reading reflected the sharpest contraction in activity in three months and marked the 22nd consecutive reading below the neutral threshold of 50.
On another note, consumer confidence weakened in September, according to the Conference Board, declining to the lowest level since April. Consumer confidence declined by 3.6 points to 94.2, with the present situation index, based on consumers' assessment of current business and labour market conditions, falling by seven points to 125.4 and the expectations index decreasing by 1.3 points to 73.4.
Finally, US job openings increased by 19,000 to 7.22m in August, according to the Bureau of Labor Statistics, in line with market expectations. Job openings decreased in construction and in the federal government, while both hires and total separations were little changed at 5.1m.
In the corporate space, Nike will report earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Amgen Inc. (AMGN) $275.49 1.50%
Cisco Systems Inc. (CSCO) $68.33 1.12%
Dow Jones - Fallers
Merck & Co. Inc. (MRK) $78.64 0.00%
Caterpillar Inc. (CAT) $469.86 0.00%
Walt Disney Co. (DIS) $114.40 0.00%
Johnson & Johnson (JNJ) $181.15 0.00%
Chevron Corp. (CVX) $155.74 0.00%
Unitedhealth Group Inc. (UNH) $343.89 0.00%
Home Depot Inc. (HD) $407.79 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Nike Inc. (NKE) $69.29 0.00%
Salesforce.Com Inc. (CRM) $245.51 0.00%
S&P 500 - Risers
News Corp Class B (NWS) $35.06 3.67%
News Corp Class A (NWSA) $31.51 3.31%
Micron Technology Inc. (MU) $166.60 2.53%
Xcel Energy Inc. (XEL) $80.66 2.49%
Wynn Resorts Ltd. (WYNN) $132.04 1.97%
Biogen Inc (BIIB) $138.26 1.65%
Amgen Inc. (AMGN) $275.49 1.50%
Alliant Energy Corp. (LNT) $66.95 1.49%
Monster Beverage Corp (MNST) $66.93 1.48%
Illumina Inc. (ILMN) $92.27 1.40%
S&P 500 - Fallers
Paychex Inc. (PAYX) $120.34 -6.42%
TripAdvisor Inc. (TRIP) $16.43 -3.64%
Ipg Photonics Corp. (IPGP) $78.72 -3.52%
Broadcom Inc. (AVGO) $328.80 -3.32%
Skyworks Solutions Inc. (SWKS) $76.96 -2.68%
Expedia Group Inc. (EXPE) $218.27 -2.15%
Qorvo, Inc. (QRVO) $91.53 -1.59%
PACCAR Inc. (PCAR) $98.90 -1.49%
KLA-Tencor Corp. (KLAC) $1,066.04 -1.46%
Nektar Therapeutics (NKTR) $57.81 -1.40%
Nasdaq 100 - Risers
Micron Technology Inc. (MU) $166.60 2.53%
Wynn Resorts Ltd. (WYNN) $132.04 1.97%
JD.com, Inc. (JD) $35.89 1.82%
Biogen Inc (BIIB) $138.26 1.65%
Amgen Inc. (AMGN) $275.49 1.50%
Monster Beverage Corp (MNST) $66.93 1.48%
Illumina Inc. (ILMN) $92.27 1.40%
Sirius XM Holdings Inc (SIRI) $22.84 1.35%
Baidu Inc. (BIDU) $136.90 1.32%
Cisco Systems Inc. (CSCO) $68.33 1.12%
Nasdaq 100 - Fallers
Paychex Inc. (PAYX) $120.34 -6.42%
Broadcom Inc. (AVGO) $328.80 -3.32%
Skyworks Solutions Inc. (SWKS) $76.96 -2.68%
Expedia Group Inc. (EXPE) $218.27 -2.15%
Tesla Inc (TSLA) $439.77 -2.10%
PACCAR Inc. (PCAR) $98.90 -1.49%
KLA-Tencor Corp. (KLAC) $1,066.04 -1.46%
QUALCOMM Inc. (QCOM) $165.60 -1.21%
Gen Digital Inc. (GEN) $28.54 -0.90%
Netflix Inc. (NFLX) $1,190.04 -0.89%
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