U.S. stock futures edged higher early Monday as investors anticipated an end to the 39-day government shutdown. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.46%, 0.88%, and 0.35%, respectively, at 4:18 a.m. EST on November 10.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
During Friday’s regular trading session, the three major indexes closed mixed amid elevated concerns about hefty tech valuations. Additionally, the University of Michigan’s preliminary Index of Consumer Sentiment for November came in at 50.3, just above the all-time low of 50.0 set in June 2022.
For the week, all three indexes closed in negative territory after sharp volatility. The Dow fell 1.21%, the S&P 500 declined 1.63%, and the Nasdaq 100 dropped 3.09%, marking its worst week since April.
Lawmakers appear close to ending the shutdown after the Senate passed a bipartisan funding bill to reopen the government through January 30. The measure includes back pay for federal workers and funding for key departments. In return for Democratic support, Republicans agreed to hold a December vote on extending Affordable Care Act subsidies, which were excluded from the current package.
Several key companies are yet to report third-quarter earnings in the coming days, including Occidental Petroleum (OXY), AST SpaceMobile (ASTS), Nebius Group (NBIS), Oklo (OKLO), Cisco Systems (CSCO), CoreWeave (CRWV), Walt Disney (DIS), Applied Materials (AMAT), and Ross Stores (ROSS).
Notably, the U.S. 10-year Treasury yield was up, floating near 4.13%. WTI crude oil futures were trending higher, hovering near $60.13 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,081 per ounce on Monday.
Elsewhere, in Europe, stocks opened higher on November 10, as investors welcomed signs of a pending U.S. government reopening.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets traded mostly higher on Monday as “AI bubble” concerns eased.
Hong Kong’s Hang Seng index increased 1.55%. In China, the Shanghai Composite advanced 0.53%, while the Shenzhen Component added 0.58%. Meanwhile, Japan’s Nikkei rose 1.26%, and the Topix gained 0.56%.
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.