Traders work on the floor of the New York Stock Exchange (NYSE) on November 7, 2025 in New York City.
Spencer Pratt | Getty Images
Stock futures rose after senators late Sunday night took a key step toward a potential deal to end the historic U.S. government shutdown.
S&P500 futures It rose 0.7%, with futures tracking it. Dow Jones Industrial Average Added 76 points (0.16%). Nasdaq 100 futures was trading 1.24% higher.
Investors continue to monitor lawmakers’ negotiations to pass a federal funding bill that would end the government shutdown.
The bipartisan deal being debated in the Senate would reopen the government through January and reverse some of the federal government’s recent mass layoffs. A person familiar with the situation told CNBC that enough Democratic senators have agreed to vote in favor of the deal to pass the 60-vote minimum.
The procedural measure that would allow for another vote on the deal on Monday was approved with a minimum of 60 votes after eight senators in the Democratic caucus broke with party leadership in support of the deal.
The deal being discussed also includes future protections for government employees. The potential deal does not include extending the ACA credits, a key sticking point for most Democrats, but would require a vote on the subsidies in December.
Fears of a government shutdown have plunged consumer sentiment to its lowest level in more than three years, slightly above the worst on record, according to a University of Michigan study released Friday. Because of the shutdown, federal agencies have canceled many major economic reports that were scheduled to be released this week, including the Consumer Price Index and Producer Price Index.
The shutdown has added to the anxiety in the stock market, which has had a tough week as concerns grow that stocks linked to artificial intelligence are overvalued. The Nasdaq Composite Index fell 3%, its worst week since the tariff-induced drop in April. For the week, the S&P 500 fell 1.6% and the Dow Jones Industrial Average fell 1.2%.
Investors will see several earnings reports this week, including Walt Disney’s quarterly results on Thursday.
“The risk-off rally from tech AI heavyweights like Microsoft, Palantir, and Nvidia poses near-term concerns for this tech bull market,” Wedbush analyst Dan Ives said in a note to clients on Sunday.
