Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story.
U.S. stock futures rose on Monday following Friday’s mixed moves. Futures of major benchmark indices were higher.
The federal government shutdown will continue into this week after a Senate procedural vote failed again on Friday. The measure did not secure the 60 votes needed to advance, with only 54 senators voting in favor.
Meanwhile, Bitcoin (CRYPTO: BTC) broke $125,000 per coin mark to set a new all-time high, with trading volume more than doubling in the last 24 hours to a whopping $76 billion.
The 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.57%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.11% |
| S&P 500 | 0.27% |
| Nasdaq 100 | 0.47% |
| Russell 2000 | 0.29% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.31% at $671.26, while the QQQ advanced 0.65% to $607.11, according to Benzinga Pro data.
Cues From Last Session
Sectors posting the biggest gains on Friday included utilities, health care, and financials, while consumer discretionary and communication services stocks bucked the trend to close lower.
U.S. stocks still settled mostly higher. All three major indices recorded gains for the week, with the S&P 500 advancing around 1.1% while the 30-stock Dow also jumped 1.1%.
Due to the shutdown, the Bureau of Labor Statistics failed to publish its monthly jobs report, so markets leaned heavily on private data pointing to labor market softening.
The ADP Employment Report showed the largest private-sector job loss in over two years, and the ISM Services PMI recorded its fourth consecutive month of contraction in its employment component.
The Dow Jones index ended 239 points or 0.51% higher at 46,758.28, whereas the S&P 500 index rose 0.0066% to 6,715.79. Nasdaq Composite declined 0.28% to 22,780.51, and the small-cap gauge, Russell 2000, gained 0.72% to end at 2,476.18.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | -0.28% | 22,780.51 |
| S&P 500 | 0.0066% | 6,715.79 |
| Dow Jones | 0.51% | 46,758.28 |
| Russell 2000 | 0.72% | 2,476.18 |
Insights From Analysts
The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later.
Charlie Bilello, Chief Market Strategist …
Full story available on Benzinga.com
Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story.
U.S. stock futures rose on Monday following Friday’s mixed moves. Futures of major benchmark indices were higher.
The federal government shutdown will continue into this week after a Senate procedural vote failed again on Friday. The measure did not secure the 60 votes needed to advance, with only 54 senators voting in favor.
Meanwhile, Bitcoin (CRYPTO: BTC) broke $125,000 per coin mark to set a new all-time high, with trading volume more than doubling in the last 24 hours to a whopping $76 billion.
The 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.57%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.11% |
| S&P 500 | 0.27% |
| Nasdaq 100 | 0.47% |
| Russell 2000 | 0.29% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.31% at $671.26, while the QQQ advanced 0.65% to $607.11, according to Benzinga Pro data.
Cues From Last Session
Sectors posting the biggest gains on Friday included utilities, health care, and financials, while consumer discretionary and communication services stocks bucked the trend to close lower.
U.S. stocks still settled mostly higher. All three major indices recorded gains for the week, with the S&P 500 advancing around 1.1% while the 30-stock Dow also jumped 1.1%.
Due to the shutdown, the Bureau of Labor Statistics failed to publish its monthly jobs report, so markets leaned heavily on private data pointing to labor market softening.
The ADP Employment Report showed the largest private-sector job loss in over two years, and the ISM Services PMI recorded its fourth consecutive month of contraction in its employment component.
The Dow Jones index ended 239 points or 0.51% higher at 46,758.28, whereas the S&P 500 index rose 0.0066% to 6,715.79. Nasdaq Composite declined 0.28% to 22,780.51, and the small-cap gauge, Russell 2000, gained 0.72% to end at 2,476.18.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | -0.28% | 22,780.51 |
| S&P 500 | 0.0066% | 6,715.79 |
| Dow Jones | 0.51% | 46,758.28 |
| Russell 2000 | 0.72% | 2,476.18 |
Insights From Analysts
The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later.
Charlie Bilello, Chief Market Strategist …
Full story available on Benzinga.com
Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story.
U.S. stock futures rose on Monday following Friday’s mixed moves. Futures of major benchmark indices were higher.
The federal government shutdown will continue into this week after a Senate procedural vote failed again on Friday. The measure did not secure the 60 votes needed to advance, with only 54 senators voting in favor.
Meanwhile, Bitcoin (CRYPTO: BTC) broke $125,000 per coin mark to set a new all-time high, with trading volume more than doubling in the last 24 hours to a whopping $76 billion.
The 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.57%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
Futures
Change (+/-)
Dow Jones
0.11%
S&P 500
0.27%
Nasdaq 100
0.47%
Russell 2000
0.29%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.31% at $671.26, while the QQQ advanced 0.65% to $607.11, according to Benzinga Pro data.
Cues From Last Session
Sectors posting the biggest gains on Friday included utilities, health care, and financials, while consumer discretionary and communication services stocks bucked the trend to close lower.
U.S. stocks still settled mostly higher. All three major indices recorded gains for the week, with the S&P 500 advancing around 1.1% while the 30-stock Dow also jumped 1.1%.
Due to the shutdown, the Bureau of Labor Statistics failed to publish its monthly jobs report, so markets leaned heavily on private data pointing to labor market softening.
The ADP Employment Report showed the largest private-sector job loss in over two years, and the ISM Services PMI recorded its fourth consecutive month of contraction in its employment component.
The Dow Jones index ended 239 points or 0.51% higher at 46,758.28, whereas the S&P 500 index rose 0.0066% to 6,715.79. Nasdaq Composite declined 0.28% to 22,780.51, and the small-cap gauge, Russell 2000, gained 0.72% to end at 2,476.18.
Index
Performance (+/-)
Value
Nasdaq Composite
-0.28%
22,780.51
S&P 500
0.0066%
6,715.79
Dow Jones
0.51%
46,758.28
Russell 2000
0.72%
2,476.18
Insights From Analysts
The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later.
Charlie Bilello, Chief Market Strategist …Full story available on Benzinga.com Read More$BTC, AEHR, Earnings, Equities, GOOG, GOOGL, LAC, Market Summary, MSFT, NVDA, ORKA, PATH, PLUG, QQQ, SKYT, SNOW, SPY, STZ, VCIG, Futures, Commodities, Treasuries, Economics, Federal Reserve, Pre-Market Outlook, Markets, Trading Ideas, VCIG, ORKA, SPY, US78462F1030, AEHR, US00760J1088, GOOG, US38259P7069, MSFT, US5949181045, NVDA, US67066G1040, PLUG, US72919P2020, STZ, US21036P1084, PATH, US67059M1009, QQQ, US73935A1043, SKYT, LAC, GOOGL, US38259P5089, SNOW, $BTC, Earnings, Equities, Market Summary, Futures, Commodities, Treasuries, Economics, Federal Reserve, Pre-Market Outlook, Markets, Trading Ideas, Benzinga Markets
