March S&P 500 E-Mini futures (ESH25) are up +0.02%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.08% this morning as market participants look ahead to the release of crucial producer inflation data.
Stock futures initially moved sharply lower on concerns about whether Washington lawmakers will avert a government shutdown this weekend. Senate Democratic leader Chuck Schumer stated his party would block a Republican spending bill to prevent a government shutdown on Saturday and called on the GOP to accept a Democratic proposal to extend funding through April 11th instead. The impending shutdown adds another layer of concern for investors already grappling with a rising unemployment rate, federal workforce reductions, and U.S. President Donald Trump’s tariff war.
