It's Monday, Oct. 20, 2025 ... but if you're a software engineer, you might just call it a nightmare. An internet outage at Amazon Web Services knocked out hundreds of websites overnight and into this morning, affecting social app Snapchat, education software company Instructure, and brokerage apps Robinhood and Webull. Reports peaked at over 5,000 last night around 4 a.m. ET.
And it wasn't the only thing that didn't show up this morning for work: The Conference Board's Leading Index didn't either. Now, that wasn't much of a surprise as the absence of some of Bureau of Labor Statistics data pushed the research group to punt on the report. It becomes the latest product of the government shutdown, which is now heading into its 20th day. That makes it the third-longest shutdown of all time, per data from Vanguard.
On both fronts the market hasn't paid much mind so far, even after a funky week, which saw investors juggle new China tariffs, private-credit risks in regional banks, and the potential expiration of Obamacare and other health-care credits.
Monday Reading:.
Today the small-cap Russell 2000 (+1.43%) is bouncing back from last week's bank tumult, while the large-cap Nasdaq Composite (+1.31%) and S&P 500 (+0.93%) are putting up strong numbers to start the week.
Still, we've only just started earnings season, which has the potential to mask some concerns. But with weak earnings revisions weighing on early reports, such as banks and consumer brands, investors will want to see trading breadth widen this week. Dozens of reports are coming down the pike, including Tesla, Netflix, Procter & Gamble, GE Aerospace and IBM..
TurboTax Via TheStreet
-- Noah Weidner, Markets Reporter
