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That\u2019s a delicate balance to achieve, and every economic report from the US government that gets delayed only increases the uncertainty about whether it\u2019s possible. Stocks have already run to records on expectations for coming cuts to rates, so a lack of them could send the market lower.<\/p>\n
To be sure, the stock market and economy have typically powered through past shutdowns, particularly if they are short in duration. But this shutdown could be different in a couple ways, including the threat that the White House may use it to push for large-scale firings of federal workers.<\/p>\n
On Wall Street, Nike rose 6.4 per cent after blowing past analysts\u2019 expectations for profit in the latest quarter. The athletic giant reported strong growth for apparel sold in North America.<\/p>\n
Tesla rose 3.3 per cent as Elon Musk\u2019s electric-car maker said its sales decline is expected to slow, offering investors a measure of relief amid a lengthy downturn.<\/p>\n
The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts\u2019 estimates compiled by Bloomberg. Although that would amount to a roughly 5 per cent drop from a year ago \u2014 and mark Tesla\u2019s third straight quarterly decrease \u2014 it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13 per cent.<\/p>\n
Lithium America\u2019s stock that trades in the United States jumped 23.3 per cent after the Canadian company said the US government agreed to let it draw from a previously announced $2.26 billion loan. As part of the agreement, the US Department of Energy will take an ownership stake in the Vancouver-based company.<\/p>\n
Lithium Americas is developing a lithium project in Nevada with General Motors, and it follows Intel and other companies where the US government has recently taken an ownership stake.<\/p>\n
On the losing side of the market was Peloton Interactive, which dropped 3.7 per cent. It got a cold reception to its unveiling of an AI and computer vision system, along with other equipment designed for cross training.<\/p>\n
Corteva sank 9.1 per cent after announcing a plan to split into two companies, each with its own stock. One will hold onto the company\u2019s seed business, while the other will focus on crop protection.<\/p>\n
Cal-Maine Foods fell 1.2 per cent after the egg company\u2019s profit and revenue for the latest quarter fell short of analysts\u2019 expectations.<\/p>\n
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All told, the S&P 500 rose 22.74 points to 6,711.20. The Dow Jones Industrial Average added 43.21 to 46,441.10, and the Nasdaq composite climbed 95.15 to 22,755.16.<\/p>\n
In stock markets abroad, indexes rose in Europe following a mixed finish in Asia.<\/p>\n
In the bond market, the yield on the 10-year Treasury sank to 4.10 per cent from 4.16 per cent late Tuesday.<\/p>\n
Yields fell as the weaker-than-expected payroll report from ADP firmed expectations for coming cuts to rates by the Fed. So did another report showing that US manufacturing was weaker last month than economists expected.<\/p>\n
Several manufacturers told the Institute for Supply Management\u2019s surveyors that they\u2019re still feeling pain because of tariffs.<\/p>\n
\u201cSteel tariffs are killing us,\u201d one manufacturer said.<\/p>\n
AP, Bloomberg<\/p>\n