Overview
- The measure would finance federal operations through Jan. 30 and provide back pay to more than 650,000 workers, restoring services at agencies including Agriculture and Veterans Affairs.
- Final approval still requires additional Senate votes and House passage, and objections within the Democratic caucus could slow the timeline.
- U.S. equities rose on the news, with the S&P 500 up about 1.2%, the Nasdaq roughly 1.9% and the Dow 0.7% shortly after the opening bell.
- Technology shares led early gains, including Nvidia up about 3.5% and Broadcom up roughly 2%, while selected individual movers showed wide dispersion.
- European markets strengthened, and Spain’s Ibex 35 opened about 1% higher to reclaim 16,000 points, as investors weighed the Senate progress alongside a stronger U.S. jobs report and upcoming inflation data.