{"id":12038,"date":"2025-09-29T14:46:31","date_gmt":"2025-09-29T14:46:31","guid":{"rendered":"https:\/\/bitunikey.com\/news\/stocks-climb-as-trump-looks-to-avert-shutdown-crypto-reacts-higher\/"},"modified":"2025-09-29T14:46:34","modified_gmt":"2025-09-29T14:46:34","slug":"stocks-climb-as-trump-looks-to-avert-shutdown-crypto-reacts-higher","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/stocks-climb-as-trump-looks-to-avert-shutdown-crypto-reacts-higher\/","title":{"rendered":"Stocks climb as Trump looks to avert shutdown, crypto reacts higher"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Wall Street saw an upbeat opening on Monday, with cryptocurrencies also climbing slightly as investors turned their attention to U.S. President Donald Trump\u2019s efforts to avert a looming government shutdown.<\/p>\n<div id=\"cn-block-summary-block_d04d7375382e1747aa4ee188a17a193c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 and Nasdaq climbed as stocks gained while Dow Jones Industrial Average hovered near the flatline.<\/li>\n<li>Wall Street was upbeat ahead of Trump\u2019s meeting with Congressional leaders as he looked to avert a looming government shutdown.<\/li>\n<li>Cryptocurrencies also posted slight gains, with Bitcoin breaking to above $113,000.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Dow Jones Industrial Average rose about 50 points, while the S&amp;P 500 ticked up 0.5% and the Nasdaq Composite edged up 0.8% in early trading. The upbeat sentiment across the stock market, with the major gauges near recent record highs, comes as investors eye the next move in President Trump\u2019s efforts to avoid a government shutdown.<\/p>\n<p>Stocks\u2019 uptick on Monday aligned with a spike in the prices of top artificial intelligence bets. The AI-related stocks signaling fresh moves include Oracle and Nvidia, two names that notched notable gains in the past week amid key deals, including that of Nvidia and OpenAI.<\/p>\n<p>The gains allow bulls to hold near record highs despite last week\u2019s dip that saw the major gauges string together a streak of downside closes.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Crypto market gains as stocks eye rally<\/h2>\n<p>The surge in stocks also reflected in the crypto market as Bitcoin (BTC) climbed to above $113,000 and Ethereum (ETH) hit $4,180. Overall gains saw the global crypto market cap rise 2.7% to $3.88 trillion.<\/p>\n<p>Investors will weigh <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/trump-to-host-oval-office-shutdown-meeting-as-key-issues-remained-unresolved-122820659.html\" target=\"_blank\" rel=\"nofollow\">reports<\/a> that Trump is set to meet congressional leaders from both Republicans and Democrats. The meeting between the president and lawmakers is set for the Oval Office in the afternoon on Sept. 29, as Trump looks to gain support for a move aimed at averting a halt to federal funding.<\/p>\n<p>A shutdown beginning Wednesday is likely, and Wall Street sees this as potentially highlighting the risk that such a move could pose for the highly anticipated monthly jobs report.<\/p>\n<p>However, investors remain optimistic heading into October, and Wall Street is keen on a positive outcome from Trump\u2019s Oval Office meeting. Also on the agenda is the upcoming jobs report, which will be crucial in investors\u2019 assessment of the Federal Reserve\u2019s next interest-rate move.<\/p>\n<p>Economic data releases last week had the market pricing in two quarter-point rate cuts from the Fed in the next two meetings. Cryptocurrencies could be on a tear should risk-on sentiment build amid fresh Fed cuts.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street saw an upbeat opening on Monday, with cryptocurrencies also climbing slightly as investors turned their attention to U.S. President Donald Trump\u2019s efforts to avert a looming government shutdown.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12038"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12038\/revisions"}],"predecessor-version":[{"id":12039,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12038\/revisions\/12039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/342"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}