U.S. Indexes Rest Ahead of Earnings Amid Data Blackout

Barry Adams
10 Oct, 2025
New York City

Benchmark indexes on Wall Street struggled to rise above the flatline as earnings season gathers momentum next week.

The S&P 500 index edged down 0.2%, and the Nasdaq Composite inched lower a fraction. 

The federal government shutdown entered its 10th day as the U.S. Senate failed to pass a short-term budget for the seventh time. 

Benchmark indexes faced headwinds amid a worry that a prolonged shutdown could dent economic growth further. 

About 750,000 federal government workers have been furloughed since last week, and air traffic controllers and security staff have stayed away in several key cities, including Atlanta, Burbank, Nashville, and Newark. 

Most armed forces are likely to miss their first paycheck on Wednesday next week if the shutdown extends further. 

The S&P 500 index and the Nasdaq edged higher on Thursday after Delta Air Lines and PepsiCo reported quarterly results, confirming resilient consumer spending. 

However, investors remained cautious amid a data blackout because of the government shutdown. 

Corporate earnings releases are set to pick up pace next week, and at least 60 companies are scheduled to release their results, including Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, and Morgan Stanley. 

 

U.S. Stock Movers 

Levi Strauss & Co. dropped 6.7% to $22.90 despite the jeans apparel company's results surpassing market expectations. 

The company reported revenue of $1.54 billion and earnings per share of 34 cents in its latest quarter. 

However, the stock came under pressure amid worries about the impact of the Trump administration's steep tariffs on the jean maker's sales and operations.