House rejects Republican plan to avert government shutdown, causing US stock futures to fall

From StockTwits: 2024-12-20 01:58:24

The House rejected a Republican plan to avert a government shutdown, leading to market losses. The proposal sought to extend federal funding and the debt limit while providing disaster and farm aid. The bill was backed by Trump, but 38 Republicans joined Democrats in voting it down. Without a deal, the government will partially shut down at midnight. Asian markets followed Wall Street’s negative lead, with the S&P 500 futures slipping. Sentiment on the SPDR S&P 500 ETF Trust turned bearish on Stocktwits as traders discussed the potential impact of a shutdown on the market.



Read more at StockTwits: US Stock Futures Fall After House Snubs Trump-backed Republican Plan To Avert Government Shutdown