Overview
- The Senate advanced a House-passed stopgap that would fund the government through January 30 and fold in three full-year appropriations bills.
- U.S. stock futures climbed in early trade, with the S&P 500 up roughly 0.7–1.0% and the Nasdaq 100 up about 1.3%, as European and Asian equities also gained and Treasury yields edged higher.
- The 40-day shutdown has postponed CPI, PPI, jobs and retail sales reports, leaving the Federal Reserve with reduced visibility and complicating prospects for a December rate cut.
- Consumer sentiment fell to the weakest level in nearly three and a half years, and White House economist Kevin Hassett warned fourth-quarter GDP could turn negative if the closure persists.
- After last week’s tech slump on valuation worries, AI-linked names led part of Monday’s rebound, with Nvidia and other chipmakers higher in premarket trading.