Economic Data May Not Arrive On Time as Possible Federal Government Shutdown Approaches Closer

Barry Adams
30 Sep, 2025
New York City

Wall Street indexes turned lower amid rising possibilities of a federal government shutdown starting as early as Tuesday at midnight. 

The S&P 500 index and the tech-heavy Nasdaq Composite decreased 0.3% amid worries that the extended government shutdown could negatively impact the health of the U.S. economy.

The Labor Department confirmed on Monday that September nonfarm payrolls data scheduled for Friday will not be released in the event of a U.S. federal government shutdown. 

Moreover, rating agencies could downgrade the U.S. debt, following the last downgrade by Moody's in May.

The federal government shutdowns in the past have had little impact on the broader market; however, this time the disruptions in government operations could compound uncertainties because of the deteriorating labor market and sharp escalation in trade tariffs. 

 

U.S. Stock Movers 

Electronic Arts extended two-day gains to over 20% after the company agreed to go private in a deal worth $55 billion. 

The company agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity Partners in an all-cash deal for $210 a share. 

Firefly Aerospace dropped 10% to $33.20 after the company's rocket booster exploded during a pre-flight test at its facility in Texas.

Progress Software decreased 0.3% to $42.45, and the software company reported better-than-expected earnings for the fiscal third quarter and raised its annual outlook.

Vail Resorts fell 2.2% to $144.75 after the ski resort operator reported a quarterly loss of $5.08 per share on revenue of $271 million. 

CarMax Inc. extended a two-day decline to 22% to $144.75 after the used car retailer reported revenue declined 6% and net income fell 28% from a year ago, respectively. 

The sales weakness reflected elevated used-car prices and a shift in focus to sell luxury automobiles.