Both the S&P 500 (SPX) and Nasdaq 100 (NDX) are surging on Monday after the Senate advanced a government reopening bill in a 60-40 procedural vote.
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Still, the Senate has yet to fully approve the bill, which would extend government funding until January 30, 2026. Following final Senate approval, the House and then President Trump would need to approve the measure as well before the government can resume normal operations.
Private Data Shows Slowing October Consumer Goods Inflation
Economic data from federal agencies have been halted amid the shutdown, placing greater emphasis on private data. In October, U.S. consumer durables and personal goods inflation slowed for the first time in three months, falling to 0.22% from 0.48% in September, according to OpenBrand. Personal care products experienced the largest monthly drop of 0.33%, while communication items bucked the trend and rose by 0.65%.
The falling prices may have been influenced by discounts heading into the holiday season, with the typical magnitude of discounts rising by 0.4% to 20.4%, nearly reaching the record high of 21.9% set in July 2024.
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