U.S. stock futures edged higher early Thursday after President Donald Trump signed a funding bill passed by both chambers of Congress, ending the longest government shutdown in U.S. history. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.17%, 0.10%, and 0.18%, respectively, at 3:42 a.m. EST on November 13.
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During Wednesday’s regular trading session, the three major indexes closed mixed as investors shifted toward value stocks such as the healthcare sector. The Dow Jones crossed the 48,000 mark for the first time, gaining 0.68%. The S&P 500 added 0.06%, while the Nasdaq slipped 0.26%.
Late Wednesday, President Trump signed the funding bill after both the House and Senate passed it, with the House voting 222–209. Federal employees were instructed to return to work on Thursday. Markets reacted positively, relieved by the resolution of a major source of uncertainty that had weighed on sentiment in recent weeks.
Due to the extended shutdown, key economic reports, including the jobs data and the Consumer Price Index (CPI) report scheduled for today, remain delayed.
On the earnings front, Walt Disney (DIS), Applied Materials (AMAT), JD.com (JD), and Virgin Galactic (SPCE) will release their results today.
Notably, the U.S. 10-year Treasury yield was up, floating near 4.08%. WTI crude oil futures were trending lower, hovering near $58.36 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,236 per ounce on Thursday.
Elsewhere, in Europe, markets opened higher on Thursday amid optimism over the end of the U.S. government shutdown and a busy day of earnings announcements.
Asia-Pacific Markets Traded Higher
Asia-Pacific markets also traded higher on Thursday, following news that the U.S. President had signed the funding bill into law, ending the prolonged federal government shutdown.
Hong Kong’s Hang Seng index rose 0.56%. In China, the Shanghai Composite gained 0.73%, while the Shenzhen Component advanced 1.76%. Meanwhile, Japan’s Nikkei added 0.43%, and the Topix rose 0.67%.
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