After closing at a new record high yesterday, the Dow Jones (DJIA) opened Thursday’s trading session in negative territory.
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The longest government shutdown in history, lasting 43 days, has officially come to an end. On Wednesday, the House passed a bill that would fund the government until January 30 in a 222-209 vote. Afterward, President Trump signed the measure, completing the last step to reopen the government. However, the effects of the shutdown are still lingering.
Government Shutdown Effects Persist
The Department of Labor was scheduled to release October’s jobless claims and the Consumer Price Index (CPI) this morning, although the data points were delayed due to the shutdown. In fact, they may never see the light of day.
“The Democrats may have permanently damaged the federal statistical system with October CPI and jobs reports likely never being released,” said White House Press Secretary Karoline Leavitt.
Additionally, air travel disruptions remain, with FlightRadar reporting almost 1,000 canceled flights within and out of the U.S. this morning. Fortunately, the disruptions have eased since the beginning of the week, with Delta Airlines (DAL) CEO Ed Bastian predicting that “things should be in good shape” by the weekend.
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