US open: Stocks mixed as shutdown risk and PMI data weigh
By Iain Gilbert
Date: Tuesday 23 Sep 2025
(Sharecast News) - Wall Street trading got off to a mixed start on Tuesday as traders continued to monitor events in Washington and thumbed over a preliminary reading of S&P Global's composite purchasing managers index.
As of 1505 BST, the Dow Jones Industrial Average was up 0.39% at 46,561.82, while the S&P 500 ticked up 0.03% to 6,695.70, and the Nasdaq Composite came out of the gate 0.23% weaker at 22,735.65.
The Dow opened 180.28 points higher on Tuesday, extending gains recorded in the previous session as the looming risk of a possible government shutdown was offset by news of Nvidia's partnership with OpenAI.
Investors continued to keep a close eye on Washington on Tuesday, with the risk of a US government shutdown rising ahead of a 30 September deadline. The Senate last week rejected proposals from both parties to temporarily fund federal operations, raising concerns over a potential lapse in government services.
Separately, hopes for a high-level meeting between Donald Trump and Chinese President Xi Jinping this autumn appeared to fade, after US Ambassador to China David Perdue said the summit was more likely to take place next year.
On the macro front, business activity in the US slowed in September, according to preliminary estimates from S&P Global, with both manufacturing and services sectors losing momentum. The composite purchasing managers' index fell to 53.6 from 54.6 in August, undershooting market expectations and marking a second consecutive month of softer growth. Despite the pullback, the reading still pointed to the strongest quarterly expansion since late 2024, suggesting underlying resilience in the private sector.
The manufacturing PMI slipped to 52.0 from 53.0, matching forecasts and easing from its highest level in more than three years, with S&P revealing that firms reported slower output growth and a moderation in new orders, though employment levels remained broadly stable. Elsewhere, the services PMI declined to 53.9 from 54.5, reflecting weaker demand conditions and a more cautious outlook among service providers.
S&P Global noted that inflationary pressures persisted, with input costs rising at a faster pace than in August. However, selling price inflation eased slightly, indicating some margin compression.
Still to come, a speech from Federal Reserve chairman Jerome Powell at 1735 BST will likely draw an amount of investor attention.
No major corporate earnings were slated for publication on Tuesday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $29.78 3.55%
Boeing Co. (BA) $215.74 1.72%
3M Co. (MMM) $156.40 1.65%
Caterpillar Inc. (CAT) $479.67 1.60%
Unitedhealth Group Inc. (UNH) $346.70 1.58%
Chevron Corp. (CVX) $158.49 1.56%
Johnson & Johnson (JNJ) $176.80 1.49%
Nike Inc. (NKE) $72.26 1.37%
Dow Chemical Co. (DOW) $23.47 1.29%
American Express Co. (AXP) $345.06 1.20%
Dow Jones - Fallers
Walmart Inc. (WMT) $101.93 -0.87%
Microsoft Corp. (MSFT) $510.76 -0.72%
Procter & Gamble Co. (PG) $152.47 -0.39%
Apple Inc. (AAPL) $255.66 -0.16%
Visa Inc. (V) $344.64 0.08%
Coca-Cola Co. (KO) $66.27 0.09%
Home Depot Inc. (HD) $412.43 0.10%
Amgen Inc. (AMGN) $286.55 0.19%
S&P 500 - Risers
Halliburton Co. (HAL) $23.72 4.89%
Helmerich & Payne Inc. (HP) $22.23 4.66%
McKesson Corp. (MCK) $727.92 4.44%
Apache Corp. (APA) $24.58 4.09%
Sempra Energy (SRE) $85.71 4.05%
Omnicom Group Inc. (OMC) $77.39 3.84%
Interpublic Group of Companies Inc. (IPG) $26.45 3.70%
National Oilwell Varco Inc. (NOV) $13.06 3.65%
Intel Corp. (INTC) $29.78 3.55%
Under Armour Inc. Class A (UAA) $4.95 3.45%
S&P 500 - Fallers
Oracle Corp. (ORCL) $316.30 -3.61%
Amazon.Com Inc. (AMZN) $222.63 -2.20%
NRG Energy Inc. (NRG) $167.46 -2.05%
Nvidia Corp. (NVDA) $179.95 -1.99%
Cadence Design Systems Inc. (CDNS) $370.21 -1.04%
Constellation Brands Inc. Class A (STZ) $132.10 -1.03%
Synopsys Inc. (SNPS) $509.50 -1.03%
Monster Beverage Corp (MNST) $63.41 -0.89%
CenturyLink Inc. (LUMN) $6.16 -0.88%
Walmart Inc. (WMT) $101.93 -0.87%
Nasdaq 100 - Risers
Intel Corp. (INTC) $29.77 3.53%
Charter Communications Inc. (CHTR) $272.79 2.50%
Check Point Software Technologies Ltd. (CHKP) $205.41 2.15%
Wynn Resorts Ltd. (WYNN) $128.60 2.02%
Comcast Corp. (CMCSA) $32.05 1.79%
Asml Holdings N.V. (ASML) $974.78 1.77%
Paypal Holdings Inc (PYPL) $68.87 1.76%
Micron Technology Inc. (MU) $167.25 1.60%
Sirius XM Holdings Inc (SIRI) $23.37 1.53%
Microchip Technology Inc. (MCHP) $66.32 1.40%
Nasdaq 100 - Fallers
Baidu Inc. (BIDU) $130.07 -4.80%
Regeneron Pharmaceuticals Inc. (REGN) $573.83 -3.67%
Amazon.Com Inc. (AMZN) $222.63 -2.20%
Nvidia Corp. (NVDA) $179.95 -1.99%
Qvc Group Inc Series A (QVCGA) $12.59 -1.64%
JD.com, Inc. (JD) $33.47 -1.37%
Synopsys Inc. (SNPS) $509.50 -1.03%
Western Digital Corp. (WDC) $111.38 -0.92%
Monster Beverage Corp (MNST) $63.41 -0.89%
Trip.com Group Limited (TCOM) $77.14 -0.87%
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