Stocks dip as government shutdown continues, rare earths rally: What to watch this week

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daily performances since April 10, just a week after the Trump administration released its initial "Liberation Day" tariff proposals. The Dow Jones Industrial Average (^DJI) notched its worst performance since May.Gold (GC=F), on the other hand, had its eighth straight week of gains, continuing the biggest precious metals bull rally in decades.In the week ahead, the market will continue to fly blind on several key points of economic data that would normally publish if not for the gridlock in Washington. Figures ranging from import prices and retail sales to hourly earnings and jobless claims are likely to be missing from the calendar.Given that the Federal Open Market Committee enters the blackout period for its October meeting starting on Saturday, Oct. 18, if Congress gets through Friday with no deal to re-open the government, the Fed will enter the blackout missing a ream of economic data.Elsewhere in the corporate world, it's set to be a big week of earnings as third quarter season gets properly underway. Results from the big banks such as JP Morgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) will lead the week. Outside of the financial services sector, big names to watch include Johnson & Johnson (JNJ) and Domino's (DPZ) on Tuesday and Taiwan Semiconductor Manufacturing (TSM) on Thursday.Jamie Dimon, CEO of JPMorgan Chase, and Charles Scharf, CEO of Wells Fargo, left, at the U.S. Capitol in Feburary. (Tom Williams/CQ-Roll Call, Inc via Getty Images) · Tom Williams via Getty ImagesIt's not always clear how news out of Washington will impact stocks' direction. Friday's market rout shows that Trump's tariff threats still matter. Meanwhile, the government shutdown seems to so far have had muted impact on the major indices, with Deutsche Bank calling the shutdown's market effect "de minimis."In the past, the major credit rating agencies have noted that a government shutdown like the one currently in effect would reflect negatively on the US government bond rating. Given that the rating agencies have already downgraded government bonds in the last few years on the basis of political instability, said Jeff Buchbinder, chief equity strategist at broker-dealer LPL Financial, this outcome is essentially "off the table."In the shutdown negotiations, healthcare is set to be the market sector with the most to gain or lose this time around. The primary battle in Congress keeping Democrats and Republicans from reaching a funding deal is over Affordable Care Act subsidies, set to expire at the end of the year — whether to spend more than $1 trillion to extend them, as the Democrats are seeking, or to let them expire, as Republicans are looking for.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,552.51 -182.60 (-2.71%)Dow 3045,479.60 -878.80 (-1.90%)Nasdaq22,204.43 -820.17 (-3.56%)Russell 20002,394.60 -74.26 (-3.01%)VIX21.66 +5.23 (+31.83%)Gold4,000.40 +27.80 (+0.70%)PortfolioSign in to access your portfolioSign inTop gainersPTGX Protagonist Therapeutics, Inc. 87.00 +19.96 (+29.77%)APLD Applied Digital Corporation 33.99 +4.70 (+16.05%)NAMS NewAmsterdam Pharma Company N.V. 37.05 +4.04 (+12.26%)FRMI Fermi Inc. 29.08 +2.31 (+8.63%)MP MP Materials Corp. 78.34 +6.05 (+8.37%)Top losersVG Venture Global, Inc. 9.45 -3.13 (-24.88%)DGNX Diginex Limited 24.93 -6.46 (-20.58%)CORT Corcept Therapeutics Incorporated 73.96 -14.40 (-16.30%)WRD WeRide Inc. 10.17 -1.80 (-15.04%)AMBA Ambarella, Inc. 72.88 -11.40 (-13.53%)Most activeNVDA NVIDIA Corporation 183.05 -9.46 (-4.91%)BBAI BigBear.ai Holdings, Inc. 7.22 -0.27 (-3.60%)BITF Bitfarms Ltd. 4.2000 +0.0300 (+0.72%)INTC Intel Corporation 36.33 -1.47 (-3.89%)PLUG Plug Power Inc. 3.4200 -0.3600 (-9.52%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersETH-USD Ethereum USD 4,125.57 +397.43 (+10.66%)NVX NOVONIX Limited 2.9400 +0.7750 (+35.80%)LTC-USD Litecoin USD 100.17 +7.35 (+7.92%)XLM-USD Stellar USD 0.34 +0.02 (+7.48%)^N225 Nikkei 225 48,088.80 -491.60 (-1.01%)Top economic events