US stock futures rose Thursday morning with traders processing the end of the longest government shutdown in US history.
Futures attached to the Dow Jones Industrial Average (YM=F) nudged up 0.2%. Contracts tied to the S&P 500 (ES=F) crept up 0.2% while Nasdaq 100 futures (NQ=F) made 0.3% gains.
A bill ending the record-length 43-day government shutdown will become law following President Trump’s signing after the the House passed the bill in a 222-209 vote Wednesday evening.
The shutdown has shaken financial markets and is estimated to have long-reaching effects, with an analysis from the Congressional Budget Office suggested that US GDP could be roughly $11 billion lower by the end of 2026.
Government data is a point of concern for investors in the aftermath of the shutdown, as many of the reports initially delayed by the closure “will be permanently impaired,” the White House said Wednesday. The Consumer Price Index and jobs report for October are set to be the key releases impacted.
The major gauges told a mixed story during Wednesday’s trade, with the Dow Jones Industrial Average (^DJI) closing above 48,000 for the first time ever. The S&P 500 (^GSPC) nudged higher, while the tech-heavy Nasdaq Composite (^IXIC) fell.
Though the vast majority of Q3 earnings reports have been released, investors will parse results from Disney (DIS) before the bell on Thursday.
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