Wall Street closed unevenly, but the Dow Jones reached a new record in a context marked by the shutdown

Likewise, the opening of the government is expected for the current week. In this context, the Dow Jones Industrial Average rose 0.47% to 46,924.68 points; the S&P500 was unchanged at 6,735.33 points and the Nasdaq Composite depreciated 0.16% to 22,953.67 points.

Trade negotiations and the government shutdown

Investors welcomed signs of resilience in the financial sectorfollowing last week’s concerns about the health of the regional banking sector, while optimistic statements from an advisor to the White House fueled hopes that the partial closure of Washington could be resolved soon.

Kevin HassettWhite House economic advisor, told CNBC on Monday that government shutdown ‘will probably end this week’. The remarks boosted risk appetite after weeks of political deadlock dampened sentiment and delayed key economic data.

The optimism surrounding the trade dispute between USA and China also helped improve the tone, as the president donald trump and his Chinese counterpart, Xi Jinpingthey will meet in South Korea at the end of this month.

Publication of new quarterlies and those to come

The actions of Coca-cola rose 4.1% after the soft drink giant posted third-quarter adjusted earnings and revenue above expectations, even as it described the overall operating environment as “complicated.”

3M Company raised its annual profit and margin forecast after reporting solid quarterly resultswhich raised its share price by more than 5%.

Rtx Corp advanced 7.6% after the American aerospace and defense industry company to improve its full-year outlook after reporting third-quarter results that exceeded market expectationsdriven by strong demand for its missiles and after-sales services.

GE Aerospace rose 1.3% as the aircraft engine supplier raised its 2025 profit forecast, with a strong end to the year projected thanks to strong demand for after-sales maintenance services due to the shortage of new aircraft.

Halliburton rose 11.5% after the company beat earnings estimates for the third quarter, driven by continued demand for its oilfield equipment and services in North America.

Beyond Meat surged 146.2% after the company announced it would expand distribution of select meat and vegetable products to more than 2,000 stores Walmart throughout the country.

It is also worth noting that Zions Bancorporation (+1.3%) reported better-than-expected quarterly earnings after the close on Monday, helping to calm nerves over the health of U.S. regional banks. Last week, Zions detected a $50 million loss related to two loans under investigation for fraud and increased its reserves for credit losses.

After the closing of the wheel, the highlight of Tuesday’s agenda will be the results of the streaming giant Netflix (+2.7%). Netflix shares have advanced more than 39% so far this yearreflecting mostly solid confidence around a company that has taken steps to cement its status as one of the icons of the streaming industry by introducing advertising on its platform.

Gold in unexpected limits

Gold’s historic bull run could soon unravel, says John HigginsChief Markets Economist at Capital Economics, who warned that the price of the metal rose well above its “fair” value and could now be in a “bubble zone.”

Higgins argues that the price of gold outperformed not only inflation, but also its historical relationship with other real assets. “At the beginning of 2025, the price of gold was already close to its previous peak in real terms, which it reached in 1980”he stressed in a note.

“But now, the real price of gold is almost 60% higher than that peak, and more than three times its average since 1980.” Although gold’s long-term role as a store of value is unquestionable, Higgins noted that the latest rally cannot be justified by conventional factors such as lower real bond yields or high inflation.

“Because gold pays no interest, the opportunity cost of holding it declines when yields on such bonds fall. But those yields have generally been rising,” he said, noting that the previously close relationship between bond yields Treasury Inflation Protected Securities (TIPS) and gold prices “broke in recent years.”

He dismissed the idea that high inflation explains the rebound, noting that price pressures have eased from their post-pandemic highs. “Inflation is trending downward from its post-pandemic peak, even if it remains higher than the Fed would like”he added.

Speculative factors, rather than fundamentals, could fuel the pinnacle. Higgins cited possible contributors such as “reserve managers diversifying away from the dollar,” higher ETF allocations, “growing demand from China” and “the simple fear of being left out.” However, he acknowledged that some of these trends could have lasting effects and help prevent a sudden collapse.

“Some of these factors may be ‘structural’ and therefore continue to support the gold price,” he said. “But it also seems increasingly possible that gold is in a bubble that will burst shortly”he finished.