Stock futures rise on hope for a deal to end the government shutdown: Live updates

Stock futures roseate aft immoderate signs of advancement among legislature lawmakers implicit the play to extremity the historical U.S. authorities shutdown.  

S&P 500 futures gained 0.5% and Nasdaq 100 futures were trading 0.7% higher. Futures tied to the Dow Jones Industrial Average roseate 150 points, oregon 0.3%.

Investors proceed to show lawmakers' negotiations to walk a national backing measure that would extremity a shutdown that's dragged connected for 39 days. Senate Majority Leader John Thune, R-S.D. said Sunday an statement connected the national fund is "coming together," though helium warned that immoderate specified solution is not a done deal. The woody being discussed would reopen the authorities into January and reverse immoderate of the caller wide national layoffs. However, it was unclear however the hold of wellness attraction subsidies would beryllium dealt with successful the caller program oregon whether capable Democrats would enactment the bundle without that.

Bloomberg News reported, citing a idiosyncratic acquainted with the talks, that determination were immoderate Democrats perchance successful favour of the caller package, with immoderate details yet to beryllium worked out.

Concerns implicit the shutdown person driven user sentiment to its lowest level successful much than 3 years, conscionable supra its worst-ever, according to a University of Michigan survey released connected Friday. Due to the closure, national agencies are nary longer releasing galore cardinal economical reports, including the Consumer Price Index and Producer Price Index, which were scheduled for merchandise this week.

The shutdown has added to angst successful the banal market, which is coming disconnected a unsmooth week due to the fact that of mounting concerns implicit too-high valuations successful stocks tied to artificial intelligence. The Nasdaq Composite posted its worst week since the tariff-driven selloff successful April, losing 3%. The S&P 500 mislaid 1.6% and the Dow Jones Industrial mean shed 1.2% for the weeek.

Investors volition get a look astatine a fistful of net reports this week, including Walt Disney's quarterly results connected Thursday.

"A risk-off rally connected tech AI stalwart names specified arsenic Microsoft, Palantir, Nvidia among others has enactment immoderate near-term interest successful this tech bull market," Wedbush expert Dan Ives said Sunday successful a enactment to clients.