U.S. stock index futures rise on optimism over ending government shutdown, which has halted economic data releases. Wall Street saw steep declines last week, Nasdaq worst in over seven months. Senate advances bill to fund government until January 30, awaiting approval from House and President Trump. Dow E-minis up 0.43%, S&P 500 up 0.98%, Nasdaq up 1.52%.
Longest U.S. government shutdown leaves Fed and traders in dark without official economic data. Shutdown weighs on economy, with workers going unpaid and fourth-quarter growth at risk. Prediction for shutdown end this week at 87% on betting website Polymarket. AI and tech stocks rise in premarket trading.
AI and tech stocks higher in premarket trading, with Nvidia, Alphabet, Meta Platforms up. Chipmakers Qualcomm, Intel, Broadcom, and Micron Technology also rise. Optimism around artificial intelligence drives U.S. stock market rally, but concerns over technology monetization and circular spending led to tech stock selling last week.
Earnings reporting period for third quarter wrapping up, with 83% of S&P 500 companies reporting better-than-expected earnings.
Read more at Yahoo Finance: US stock futures rise on hopes of end to government shutdown
