04:57 PM EDT, 09/29/2025 (MT Newswires) -- US equity indexes rose at the close on Monday amid gains in technology and consumer discretionary, while gold scaled a new peak ahead of a potential partial shutdown of the federal government.

The Nasdaq Composite advanced 0.5% to 22,591.2, the S&P 500 rose 0.3% to 6,661.2, and the Dow Jones Industrial Average climbed 0.2% to 46,316.1, reversing its losses from earlier in the session. Energy was the standout decliner, retreating 1.9%.

Shares of index heavyweight Nvidia ( NVDA ) traded up 2.1%, the top performer on the Dow.

Electronic Arts ( EA ) agreed to be acquired and taken private by an investor consortium that includes Saudi Arabia's Public Investment Fund in an all-cash deal worth around $55 billion. The videogame publisher's shares were up 4.5%.

Gold futures were up 1.3% to $3,856.81 after touching an all-time high of $3,862.20 intraday.

Most US Treasury yields declined, with the 10-year down 4.6 basis points to 4.14% and the two-year rate 2.4 basis points lower at 3.62%.

The ICE US Dollar Index declined 0.2% to 97.96.

The US federal government is facing a partial shutdown beginning Wednesday unless Republicans and Democrats can agree on a spending bill, news outlets reported. President Donald Trump was reportedly expected to meet the top four congressional leaders at the White House on Monday.

"The two chambers of Congress are unlikely to strike a compromise by tomorrow's midnight deadline for a continuing resolution to extend the 2025 fiscal-year budget," Wells Fargo Investment Institute said.

The Department of Labor's updated guidelines on Friday confirmed the Bureau of Labor Statistics would suspend all operations during a lapse in appropriations. The official jobs report for this month is currently scheduled for a Friday release.

The Trump administration will impose a 100% tariff rate on movies made outside of the US, Trump said Monday. In a separate social media post, the president said he will impose "substantial tariffs on any country that does not make its furniture in the (US)."

Meanwhile, Trump said he is "close" to a peace agreement that would end the war in Gaza following his meeting with Israeli Prime Minister Benjamin Netanyahu, CNN reported late Monday. The agreement -- which Hamas has not yet agreed to -- includes the release of all the hostages and the demilitarization of Gaza.

West Texas Intermediate crude oil futures sank 3.9% to $63.14 a barrel.

In economic news on Monday, pending home sales jumped 4% in August, above the flat reading expected in a poll compiled by Bloomberg and following a 0.3% decline in July, according to the National Association of Realtors. The monthly sales index climbed 3.8% year-over-year.