Dow set to rise 200 points on shutdown agreement

US stock futures are moving higher after Congressional negotiators said they’d reached an agreement in principle to avoid a partial government shutdown.

The Dow was set to rise 200 points at the open. The S&P 500 and Nasdaq futures were both up 0.8%.

It’s still not clear what will happen next. Negotiators declined to get into details yesterday on the exact parameters of the potential breakthrough, and President Trump has not yet weighed in.

Lawmakers are racing the clock in an effort to find common ground for an agreement on border security that will pass both chambers of Congress and be signed into law by Trump before Friday.

About 25% of funding for the US federal government runs out at the end of the week.

Still ahead this morning: Under Armour (UAA) and Molson Coors Brewing (TAP) will release earnings before the open.

Activision Blizzard (ATVI), Groupon (GRPN) and TripAdvisor (TRIP) are up after the close.

Source link

Recent Comments

Recent Posts