U.S. Stock Futures Climb Ahead of Government Reopening and Key Earnings

U.S. stock futures edged higher early Monday as investors anticipated an end to the 39-day government shutdown. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.46%, 0.88%, and 0.35%, respectively, at 4:18 a.m. EST on November 10.

During Friday’s regular trading session, the three major indexes closed mixed amid elevated concerns about hefty tech valuations. The University of Michigan’s preliminary Index of Consumer Sentiment for November came in at 50.3, just above the all-time low of 50.0 set in June 2022.

For the week, all three indexes closed in negative territory after sharp volatility. The Dow fell 1.21%, the S&P 500 declined 1.63%, and the Nasdaq 100 dropped 3.09%, marking its worst week since April.

Lawmakers appear close to ending the shutdown after the Senate passed a bipartisan funding bill to reopen the government through January 30. The measure includes back pay for federal workers and funding for key departments.