US Stock Futures Hold Steady as Government Shutdown Continues, Investors Shrug Off Delays
US Stock Futures Hold Steady as Government Shutdown Continues, Investors Shrug Off Delays
U.S. stock futures remained largely unchanged overnight, signaling a cautious but resilient start to the week as the government shutdown extends. Following a record-setting week on Wall Street, investors appear to be largely unfazed by the ongoing political stalemate.
Dow Jones Industrial Average, S&P 500, and Nasdaq-100 futures each ticked up 0.1% Sunday night. This stability comes after the S&P 500 and Nasdaq Composite marked their fourth weekly advance in five weeks, with the Dow also rising for the third time in four weeks.
The protracted shutdown has led to the delay of key economic data, including the critical September jobs report, which was originally due last Friday. Despite this information vacuum, market analysts maintain a bullish outlook. Tom Lee, head of research at Fundstrat, characterized the shutdown as a ‘sidebar’ issue, projecting the S&P 500 could reach 7,000 by year-end and advising investors to ‘buy the dip’ should any market weakness emerge.
Amid the data blackout, market participants will keenly watch for insights from several Federal Reserve officials slated to speak this week, including Governor Stephen Miran on Wednesday and Chair Jerome Powell on Thursday.
Disclaimer: This content is aggregated from public sources online. Please verify information independently. If you believe your rights have been infringed, contact us for removal.