Stock futures rose Monday morning after a critical step by Senate lawmakers late Sunday brought the U.S. closer to ending its historic government shutdown.
S&P 500 futures were up 0.76%, Dow Jones Industrial Average futures added 112 points (0.24%), and Nasdaq-100 futures jumped 1.29% as investors monitored progress on a federal funding deal.
The Senate is debating a bipartisan agreement that would reopen the government through January and reverse some of the recent federal layoffs. Sources told CNBC that enough Democratic senators had signaled support for the deal to clear the 60-vote threshold required for procedural approval.
Eight Democrats broke ranks with party leadership to back the measure, which now allows further votes on the funding agreement to be held Monday. While the deal does not include an extension of Affordable Care Act (ACA) subsidies—a major sticking point for Democrats—it does guarantee a vote on the issue in December.
Economic Uncertainty Fuels Market Nervousness
The ongoing shutdown has already pushed consumer sentiment to its lowest level in over three years, according to a University of Michigan survey. With federal agencies closed, key economic reports such as the Consumer Price Index (CPI) and Producer Price Index (PPI) have been delayed, leaving investors with limited data to gauge the economy’s health.
The stock market has felt the strain. Last week, the Nasdaq Composite fell 3%, marking its worst week since April’s tariff-driven selloff. The S&P 500 dropped 1.6%, and the Dow Jones shed 1.2%. Analysts cite overvaluation concerns in technology and AI-related stocks as adding to market volatility.
Wedbush analyst Dan Ives noted that a “risk-off rally” in major tech names like Microsoft, Palantir, and Nvidia is driving some short-term optimism in the tech sector, though uncertainties linger.
Other Market Headlines
In corporate news, Pfizer finalized a $10 billion deal to acquire obesity drug developer Metsera after a bidding war with Danish rival Novo Nordisk. The agreement gives Metsera shareholders $86.25 per share, including $65.50 in cash and additional contingent payments up to $20.65 per share.
Meanwhile, reports indicate that Senate Democrats are increasingly open to a compromise with Republicans to reopen the government. The plan includes protections for federal workers against further layoffs, a key concern in the ongoing budget negotiations.
Senate Republican leader John Thune said Sunday that progress was being made on the federal funding package but cautioned that negotiations were not yet complete. If passed, this measure would end the seven-week-long shutdown—the longest in U.S. history—restoring pay for federal workers and resuming essential government services.
If you’re directly affected by the government shutdown—such as federal employees or SNAP beneficiaries—stay updated on official announcements regarding paychecks, benefits, and reopening timelines. Investors should monitor stock market movements closely, especially in tech and AI sectors, as uncertainty may create short-term volatility. Keeping an eye on Senate updates will help you anticipate changes that could impact both your finances and daily life.
CLICK HERE TO GET THE FLOWLESSKNOWLEDGE
Make Smart Tech & Finance Choices
Stay informed about global events and manage your finances smarter using free tools from our trusted partners:
- Loan Calculator
- Mortgage Calculator
- Credit Score Checker
- Car Loan Calculator
- Text to Speech
- Will Generator
- Age Calculator
- PDF to Word
- QR Code Generator
Click any link above to access the tool instantly — quick, free, and easy to use.