U.S. stock-index futures surged higher Sunday night, after Congress narrowly avoided a government shutdown on Saturday.
Dow Jones Industrial Average futures YM00, +0.58% rallied about 200 points, or 0.6% late Sunday. S&P 500 futures ES00, +0.62% and Nasdaq-100 futures NQ00, +0.83% also gained.
Also see: U.S. stock-market seasonality suggests a potential rally in the fourth quarter. Why this time might be different. “As policymakers kick the can down the road, it might nudge yields slightly higher as markets shift their focus away from the negative economic implications of a government shutdown to the hawkish Fed,” Innes continued, adding that a budget resolution appears more likely, “given the proximity of the new deadline to the holiday season.”
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