
U.S. stocks appear set for a positive opening on Monday after the Senate voted on a bill to reopen the federal government and end a shutdown of over 40 days.
The Democrats secured a commitment from the Trump administration to reinstate the government workers laid off at the start of the shutdown, while blocking the government from carrying out similar layoffs through January.
If the Senate passes the amended measure, it will then have to be passed by the House of Representatives. Once it clears the House, the bill will be sent to President Donald Trump for his signature.
While Dow Jones futures were up by 0.45% at the time of writing, the S&P 500 futures rose 0.99%, while the tech-heavy Nasdaq 100’s futures gained 1.52%. Futures of the Russell 2000 index rose 1.22%.
Meanwhile, the SPDR S&P 500 ETF (SPY) was up 0.99% at the time of writing. Invesco QQQ Trust (QQQ) gained 1.52% on Monday morning, and the SPDR Dow Jones Industrial Average ETF Trust (DIA) rose 0.48%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘neutral’ territory.
Asian markets ended Monday’s trading session on a positive note, with the KOSPI gaining the most at 2.93%, followed by the Hang Seng index at 1.57%, and the Nikkei 225 at 1.28%.
The TWSE Capitalization Weighted Stock index rose 0.78%, while the Shanghai Composite gained 0.52%.
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