Phyrex|Nov 04, 2025 18:38
Today's drop is likely due to investors' pessimistic expectations about the U.S. government shutdown. Voting begins at 12:30 AM Beijing time on November 5th, and the result is that the Senate has rejected the Republican-led temporary funding bill for the 14th time. The next voting time has yet to be determined. Currently, Kalshi predicts the U.S. government shutdown will last 44 days, which means there are still 9 days to go.
The direct impact is that food stamp relief will only resume after Trump announces the government reopening, which could increase social unrest. Labor Statistics Bureau data will not be released until the shutdown ends. The Department of Transportation warns that if the shutdown continues and air traffic controllers remain in short supply, parts of the airspace may be forced to close or traffic may be restricted next week.
The Nasdaq dropped nearly 2%, the S&P fell almost 1.2%, and Bitcoin is on the verge of breaking below $100,000. Losses caused by the prolonged shutdown may continue to expand.
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