With the U.S. federal government entering a shutdown on the 1st (local time), the New York stock market opened mixed around the flat line.
As of 9:43 a.m. Eastern time, the Dow Jones Industrial Average was up 25.26 points, or 0.05%, at 46,423.15.
The Standard & Poor's (S&P) 500 index was down 13.28 points, or 0.20%, at 6,675.18, while the tech-heavy Nasdaq composite was down 68.53 points, or 0.30%, at 22,591.47.
After the U.S. Congress failed to pass a budget by the deadline following a standoff over health insurance-related expenditure, the federal government entered a shutdown at 12:01 a.m. on the 1st.
Investors are on high alert for developments, seeing the risk that a prolonged shutdown could hit the economy.
Netflix shares fell more than 2% after Tesla CEO Elon Musk posted on social media platform X, saying, "Cancel your Netflix subscription for your children." Lithium Americas shares jumped 17% on news that the Donald Trump administration acquired a 5% equity stake in Lithium Americas. Coinbase shares rose nearly 2% as Bitcoin strengthened amid shutdown concerns and BTIG issued a buy rating.
European stocks rose across the board on the back of a deferral of drug tariffs. The Euro Stoxx 50 index was up 0.76% from the previous session. Germany's DAX and Britain's FTSE 100 were up 0.85% and 0.88%, respectively, while France's CAC 40 rose 0.87%.
International oil prices weakened. At the same time, the front-month November delivery West Texas Intermediate (WTI) price was down 1.39% from the previous session at $61.50 a barrel.