S&P 500 ends 7-day winning streak; Nasdaq and Dow show cautious pullback

Ahead of the U.S. market open on October 7, the S&P 500 ended a seven-day rally, falling 0.38%, while the Nasdaq Composite dropped 0.67%. Early gains gave way to profit booking amid concerns over the ongoing government shutdown and Federal Reserve policy. Safe-haven demand pushed gold above $4,000 per ounce, marking record highs. Bitcoin surged past $125,000, driven by institutional interest. Market participants remained cautious, balancing equity positions with alternative assets amid economic and policy uncertainties.