Stocks hit record as senators reach deal to end shutdown

Stocks hit record as senators reach deal to end shutdown

Stocks hit record as senators reach deal to end shutdown

It measures the daily stock price movements of 30 large, publicly-owned US companies. The Dow is up 6.29 points or less than a tenth of a % at 26,078.01, the Nasdaq is up 33.28 points or 0.5% at 7,369.66 and the S&P 500 is up 7.65 points or 0.3% at 2,817.95.

U.S. stocks ended higher on Monday, with three indices all closing at record highs, as USA lawmakers reached a bill that would resume government shutdown.

"It's had very little lasting effects on the market in the past".

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U.S. Treasury yields, which tended to fall during previous government shutdowns, rose as investors saw limited economic fallout from the political standoff and focussed instead on a global economy motoring ahead and U.S. inflation pressures. Futures snapshot at 7:13 p.m. EST (0013 GMT): * S&P 500 e-minis were down 4.75 points, or 0.17 percent, with 17,910 contracts changing hands.* Nasdaq 100 e-minis were down 13.25 points, or 0.19 percent, in volume of 4,519 contracts.* Dow e-minis were down 51 points, or 0.2 percent, with 3,972 contracts changing hands.* Benchmark 10-year note futures last fell 5/32 in price.

Legislation to renew federal funding to the government cleared a procedural hurdle in the Senate and was expected soon to pass votes in the Senate and House of Representatives, allowing government to re-open through Feb 8.

The shutdown is largely due to a disagreement over whether to include protections for young illegal immigrants brought to the country as children in the spending bill.

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The report said the consumer sentiment index dipped to 94.4 in January from the final December reading of 95.9.

The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The index bounced off its lowest closing level in nearly a month.

Brokerage, computer hardware and oil service stocks also moved notably higher on the day, contributing to the advance by the broader markets.

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Nine of the 11 major S&P sectors were higher, led by a 1.1 percent gain in the energy index and 0.9 percent rise in utilities index.

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