Markets Rally as Government Shutdown Nears End, Economic Data Delays Persist
US equity futures climbed Monday morning as Senate progress toward ending the 39-day government shutdown buoyed investor sentiment. S&P 500 futures rose nearly 1% while Nasdaq 100 contracts gained 1.5%, reflecting Optimism that the political impasse may soon resolve.
The shutdown's economic toll became increasingly visible with delayed releases of critical inflation data and jobs reports. Consumer confidence has deteriorated to near-record lows amid the prolonged disruption, creating pent-up demand for economic visibility.
While the proposed funding bill cleared a key procedural hurdle, uncertainty remains as the legislation moves toward final Senate passage and faces House scrutiny. The temporary measure WOULD only reopen government through January 30, leaving longer-term fiscal questions unanswered.
