Stock Futures Rise as Senate Weighs Funding Vote

Stocks are poised to rise when they open in New York on Monday. (NYSE)

Key Points

• Stock futures rose as the Senate considered a vote to fund the federal government through January, potentially ending a 40-day shutdown.
• The term ‘government shutdown’ was mentioned in 76 S&P 500 earnings calls, the most since the 2018-2019 shutdown.
• All three major indexes closed down last week, with the Dow down 1.2%, the S&P 500 down 1.6%, and the Nasdaq Composite down 3%.

Stock futures were rising as the Senate weighing a possible Sunday evening vote to fund the federal government through January and end the shutdown, which hit 40 days on Sunday.

Shortly after 6 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures were up 200 points, or 0.4%; S&P 500 futures were up 0.5%; and Nasdaq Composite futures were up 0.7%.

Senate lawmakers were also expected to consider three separate appropriations bills to fund military construction, veterans affairs, the legislative branch, the Food and Drug Administration, and the Department of Agriculture, collectively called the “minibus.”

If approved, House members whom Speaker Mike Johnson has said are on leave through Nov. 16 would have to return to Capitol Hill to vote on it.

The words “government shutdown” was mentioned in 76 earnings calls held by S&P 500 companies between Sept. 15. and Nov. 6, MarketWatch reported, citing a FactSet report. That’s the most since the 35-day government shutdown from December 2018 to January 2019, during the first Trump administration.

The Bureau of Labor Statistics’ consumer and producer price indexes for October that were supposed to be released Thursday and Friday have been delayed during the shutdown of government offices.

Last week, all three major indexes closed down, snapping three-week winning streaks.

The Dow finished down 1.2%, posting the largest one-week point and percentage decline since the week ending Oct. 10. The Dow is still up 10.4% so far this year.

The S&P 500 closed down 1.6% last week, also recording its largest one-week point and percentage decline since the week ended Oct. 10. The S&P 500 is up 14.4% year to date.

The Nasdaq Composite ended last week down 3%, posting its largest one-week point and percentage decline since the week ended April 4, which is when the White House announced its so-called “reciprocal tariffs,” according to Dow Jones Market Data. The Nasdaq is up 19.1% this year.

Write to Janet H. Cho at janet.cho@dowjones.com