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Barchart

Rich Asplund

Stocks See Support After US Government Shutdown is Averted

United States Nasdaq SP Government Shutdown ECB AMD Qualcomm US Federal Reserve Xerox

The S&P 500 Index ($SPX) (SPY) is down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.18%. March E-mini S&P futures (ESH25) are up +0.03%, and March E-mini Nasdaq futures (NQH25) are up +0.44%.

Stocks today are narrowly mixed but are seeing some support as US government shutdown was averted when Congress passed a stop-gap funding bill before last Friday night's deadline, which was quickly signed by President Biden. The stop-gap bill funded the government through mid-March 2025.

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