Stock futures edged lower Thursday after President Donald Trump signed a funding bill to end the longest federal shutdown in U.S. history.
Futures associated with the Dow Jones Industrial Average ticked down 0.1% after the blue-chip index set an intraday high and closed above 48000 for the first time Wednesday. Those affiliated with the tech-heavy Nasdaq and benchmark S&P 500 were a respective 0.3% and 0.2% lower.
Late Wednesday, the House of Representatives passed a bill to fund the federal government until Jan. 30 and end the record 43-day shutdown, which President Trump then signed into law. The shutdown delayed paychecks for federal workers, held back payment of food benefits for needy families, cancelled flights, halted the collection and reporting of crucial economic data, and undermined consumer confidence, among other ripple effects.
The yield on the 10-year Treasury note ticked higher to 4.10% from 4.07% at Wednesday’s close. Bitcoin was trading around $103,000, up from the day’s low of below $102,000. The U.S. dollar index, which tracks the performance of the dollar against a basket of foreign currencies, slipped 0.2% to 99.29. Gold futures were up 0.5% to $4,235 per ounce. WTI crude futures, the U.S. oil benchmark, advanced 0.6% to $58.85 per barrel.
In post-earnings moves, Cisco Systems (CSCO) stock surged nearly 7% in premarket trading after the network-equipment firm lifted its full-year profit outlook; shares of The Walt Disney Co. (DIS) fell 3% after the media and entertainment giant reported worse-than-expected revenue; and Flutter Entertainment (FLUT) stock slipped 1.5% after the FanDuel parent cut its full-year revenue and adjusted EBITDA forecasts.
Shares of chipmaking-equipment maker Applied Materials (AMAT) and Brazilian meatpacking giant JBS (JBS), which both will be reporting quarterly results after markets close today, were down 0.5% and up fractionally, respectively, before the bell.
Elsewhere, Sealed Air (SEE) shares soared 20% following a report that the maker of Bubble Wrap and other packaging products was in talks with private-equity firm Clayton Dubilier & Rice to be taken private, while Starbucks (SBUX) stock ticked lower after the Starbucks Workers United launched a strike on the coffee chain’s Red Cup Day sales event.
Stock Futures Tick Lower After US Government Shutdown Ends
22 minutes ago
Futures contracts tied to the Dow Jones Industrial Average ticked 0.1% lower.
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S&P 500 futures were down 0.2%.
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Nasdaq 100 contracts declined 0.3%.
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