March S&P 500 E-Mini futures (ESH25) are down -0.21%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.36% this morning as concerns about whether Washington lawmakers will avert a government shutdown this weekend contributed to uncertainty regarding the U.S. economic outlook.
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. Investors now look ahead to crucial U.S. producer inflation data due later in the day.
