SPY stock price today is at $526.45, supported by upbeat job market data. Traders expect range-bound patterns until the next FOMC announcement, with volatility likely to spike thereafter. The White House warned last Wednesday that a government shutdown would trigger widespread dismissals of employees in government programs that don’t align with President Trump’s priorities. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during a shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%. âHouseholds still generally have the means to spend, but growing concerns over the labor market suggest that we will likely see a pullback in the pace of spending growth for the remainder of the year,â warned Wells Fargo senior economist Sam Bullard. Currently, SPY stock price today is fluctuating near $525.
