Stock futures are little changed after AI trade roars back: Live updates

Stock futures are adjacent the flatline connected Monday nighttime aft a beardown commencement to the trading week.

Futures tied to the Dow Jones Industrial Average slipped 11 points, oregon 0.02%. S&P futures and Nasdaq 100 futures were some down little than 0.1%.

Major U.S. indexes rallied crossed the committee connected Monday connected hopes that the record-setting U.S. authorities shutdown could beryllium nearing an end. The Nasdaq Composite had its champion time since May 27, with a astir 2.3% gain, arsenic investors bought the dip successful artificial quality names aft past week's sell-off.

The Senate is expected to statesman voting Monday evening connected the compromise national backing deal, which would reopen the authorities into January and reverse immoderate of the caller wide layoffs of national workers. The negotiated deal does not see Democrats' request that immoderate backing measure indispensable see an hold of Affordable Care Act subsidies, and alternatively calls for a ballot connected the taxation credits successful December.

Investors during the erstwhile league piled into respective risk-on names, which had led the broader marketplace little past week arsenic concerns grew astir the spot of the AI commercialized and the wellness of the U.S. economy. Nvidia notably jumped 5.8% connected Monday, contributing much than a 4th of the S&P 500′s full upside for the day. Google genitor Alphabet gained 4% portion Microsoft added 1.9% to extremity its eight-day losing streak.

"The extremity to the shutdown takes different hazard disconnected the array for markets and the economy, particularly since we were edging up to a play wherever the shutdown would person lasting interaction connected the economy, by mode of missed paychecks and little depletion arsenic a result, and adjacent a pullback successful travel," said Sonu Varghese, planetary macro strategist astatine Carson Group. "The authorities re-opening volition besides beryllium adjuvant due to the fact that we'll commencement getting macroeconomic information erstwhile again, and truthful the Fed volition not spell into their December gathering flying blind."