Trump Says GOP 'Broke' Chuck Schumer As Senate Approves Funding Bill To End Shutdown - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Benzinga·2025-11-11 07:22

Core Points - The ongoing government shutdown is nearing an end, with President Trump criticizing Senate Minority Leader Chuck Schumer for his handling of the situation [1][4] - A funding bill to reopen the government has passed in the Senate with a 60-40 vote, despite internal divisions within the Democratic Party [3][4] - The funding bill includes critical programs but omits the Democrats' request for enhanced Affordable Care Act subsidies [3] Government Reopening and Market Impact - The end of the government shutdown is expected to have significant implications for the economy and stock market, with delayed economic data set to be released [6] - Historical data indicates a positive outlook for the stock market following government reopenings, with the S&P 500 averaging gains of over 12% in the year after a government reopened in 20 of the past 22 cases [7] - Following the news of the funding bill, the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) saw increases of 1.56% and 2.21%, respectively [8]

Trump Says GOP 'Broke' Chuck Schumer As Senate Approves Funding Bill To End Shutdown - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY) - Reportify