Core Viewpoint - U.S. stock futures rose as investors reacted to a potential end to the government shutdown and a new stimulus proposal from President Trump [1][2][6] Group 1: Government Shutdown Developments - A bipartisan agreement was reached to temporarily fund the government through January, alleviating economic uncertainty caused by the 40-day shutdown [3] - The Senate's vote to advance the funding bill has led to positive market sentiment, with futures for major indices indicating a favorable opening [2][3] - Futures changes were reported as follows: Dow Jones up 0.23%, S&P 500 up 0.74%, Nasdaq 100 up 1.27%, and Russell 2000 up 0.70% [3] Group 2: Stimulus Proposal - President Trump proposed a "$2,000 tariff dividend" for Americans, claiming it would be funded by tariffs [4] - Treasury Secretary Scott Bessent indicated that the tariff rebate could take various forms, including tax deductions [5] - The proposal has elicited mixed reactions, with some experts predicting a positive impact on stocks and others warning of potential inflationary effects [6] Group 3: Market Performance - The SPDR S&P 500 ETF Trust (SPY) closed up 0.098% at $670.97, while the Invesco QQQ Trust ETF (QQQ) declined 0.32% to $609.74 [7] - Over the past week, major indices experienced declines: S&P 500 down 2.23%, Nasdaq 100 down 4.04%, and Dow Jones down 1.49% [7]
Dow Jones, Nasdaq 100 Futures Rise On Government Reopening Hopes, Trump's $2,000 Dividend Proposal - SPDR S&P 500 (ARCA:SPY)
Benzinga·2025-11-10 08:13