The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.54%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.81%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.20%. December E-mini S&P futures (ESZ25) rose +1.56%, and December E-mini Nasdaq futures (NQZ25) rose +2.22%.
US stock indexes settled sharply higher on Monday in hopes that the US government will soon reopen. On Sunday, a group of eight Senate Democrats broke with their party to vote with Republicans to advance a bill to reopen the government. The move boosted market sentiment and sparked a risk-on mood in asset markets. The Senate must still schedule a final vote, and the measure must pass the House before reaching President Trump for his signature. The bill would provide full-year funding for some departments, fund other agencies through January 30, and provide pay for furloughed government workers. The bill will also resume withheld federal payments to states and localities and recall agency employees who were laid off during the shutdown.
