Stock Market Today With IBD S&P 500 Hits High Despite Shutdown, Jobs Data; Vertiv, Snowflake, Reddit In Focus
Oct 1, 2025
Market analyst Ed Carson shares insights on the recent S&P 500 highs amid mixed economic data. He discusses the strength of the equal-weighted S&P and NASDAQ 100, highlighting the resilience of growth stocks. Ed breaks down Vertiv's impressive breakout driven by rising data center demand and analyzes Snowflake's post-earnings pullback. He also addresses concerns over Reddit's traffic due to AI influences, presenting a technical view of its sell-off. Join for a detailed look at today's market movers!
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Markets Rally Despite Weak Jobs Data
- The S&P 500 and Dow hit all-time closing highs while NASDAQ lagged slightly, showing selective strength across indexes.
- Markets shrugged off a weak ADP jobs print as Treasury yields fell and Fed rate-cut odds rose, supporting equities.
Weaker Jobs Boosts Rate-Cut Odds
- The ADP private payrolls miss lowered Treasury yields and pushed rate-cut odds higher.
- Ed Carson said that weaker payrolls put more Fed cuts firmly back in play and eased market concerns.
Shutdown Has Limited Market Impact
- The government shutdown had little market impact on day one, reflecting investor desensitization.
- Broader market breadth held up with equal-weighted indexes near highs, indicating healthy participation.