After an initial wobble on Wednesday morning, stocks rebounded and gold eased, as nervy investors appeared to look through the potential effects of a U.S. government shutdown that took effect at midnight.
Typically, markets have been unfazed by government shutdowns, noted Adam Turnquist, chief technical strategist for LPL Financial, instead “prioritizing corporate earnings, broader economic trends and other key macroeconomic factors.”
But the longer a shutdown runs, the deeper its potential effect on the economy.
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