U.S. Stock Futures Skyrocket as Government Shutdown Fears Fade—Here’s Why
Markets roar back to life as political gridlock eases.
Traders breathe sigh of relief
No more guessing games—Washington's dysfunction takes a backseat (for now). Futures surge as lawmakers finally signal progress. Short-term pain? Maybe. Long-term gain? Wall Street's betting on it.
The cynical take
Another crisis averted, another rally fueled by borrowed time—because nothing pumps markets like kicking the can down the road. Classic DC playbook: manufacture drama, then 'solve' it just in time for quarterly earnings.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
During Friday’s regular trading session, the three major indexes closed mixed amid concerns about hefty tech valuations. Last week, all three indexes closed in negative territory after sharp volatility.
Coming to trending stocks, Metsera (MTSR) shares plunged 15% in Monday’s premarket trading after Novo Nordisk (NVO) said that it wouldn’t raise its offer to buy the U.S. experimental weight-loss drugmaker and WOULD rather pursue other obesity deals. NVO stock was up 1.6% as of writing. Notably, pharma giant Pfizer (PFE) has struck a $10 billion deal to acquire Metsera.
Meanwhile, investors await some major earnings releases, including reports from Occidental Petroleum (OXY), AST SpaceMobile (ASTS), Nebius Group (NBIS), Oklo (OKLO), Cisco Systems (CSCO), CoreWeave (CRWV), Walt Disney (DIS), Applied Materials (AMAT), and Ross Stores (ROSS). Also, Rigetti Computing (RGTI), BigBear.ai Holdings (BBAI), and Beyond Meat (BYND) will be announcing their quarterly results today.
