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Barchart
Barchart
Rich Asplund

Stocks Rebound as US Government Shutdown Seems Averted

The S&P 500 Index ($SPX) (SPY) on Friday closed up +2.13%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.49%.  March E-mini S&P futures (ESH25) rose +1.85%, and March E-mini Nasdaq futures (NQH25) rose +2.18%. 

Stock indexes Friday traded higher as a US government shutdown on March 15 appeared unlikely after Senate Democratic leader Schumer said Thursday night that he will not block the Republican continuing resolution (CR) to fund the government for 6 months.  The House passed the bill on Tuesday, and the Senate was expected to vote later Friday afternoon.

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