Stock market today: Dow, S&P 500, Nasdaq futures rise as vote advances bill to end government shutdown
US stock futures climbed Monday morning following a vote that advanced a bill aiming to end the record-breaking federal government shutdown.
Futures tied to the S&P 500 (ES=F) rose 0.5%, while Nasdaq 100 futures (NQ=F) gained 0.9%. Dow Jones Industrial Average futures (YM=F) added 0.2%.
The move higher comes as investors watch closely for a deal in Washington. Lawmakers spent the weekend negotiating a deal, hoping to restore government funding after a 39-day shutdown that has disrupted federal services and frozen key economic data releases.
Senate Majority Leader John Thune said Sunday that a bipartisan agreement is “coming together.” The emerging proposal would reopen the government through January and reverse some of the recent federal layoffs, though questions remain over the extension of healthcare subsidies. The Senate is expected to hold a procedural vote late Sunday on the deal, though its fate in the House remains uncertain.
The prolonged shutdown has taken a toll on consumer confidence and the overall economy. The University of Michigan’s consumer sentiment index dropped to its lowest reading in more than three years, hovering just above record lows. Meanwhile, key inflation reports, including the Consumer Price Index (CPI) and Producer Price Index (PPI), along with the monthly jobs report, have been delayed due to the government closure.
This week, investors will turn their attention to corporate earnings, with tech releases from CoreWeave (CRWV), Oklo (OKLO), and Rocket Lab (RKLB). The entertainment sector will get a health check with results from The Walt Disney Company (DIS) and Paramount Skydance (PSKY).
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