U.S. lawmakers face a midnight deadline to prevent a government shutdown, with Vice President JD Vance signaling a high likelihood of disruption. The impending shutdown raises fears over delays in key economic reports, including this Friday's payroll statistics, as markets react—December S&P 500 E-Mini futures are down 0.23% while stocks like GlobalFoundries and Micron Technology increased by 4%. With the odds of the shutdown exceeding 70%, investor anxiety mounts over economic stability amidst discussions of possible interest rate cuts by the Federal Reserve.
“December S&P 500 E-Mini futures · are down · percentage · -0.23%”
“December Nasdaq 100 E-Mini futures · are down · percentage · -0.14%”
“U.S. lawmakers · have until · time · midnight”
“Vice President JD Vance · thinks the U.S. government · is headed toward · shutdown”
“Friday’s payroll report · will be postponed · if · the Department of Labor follows an operational contingency plan”
“GlobalFoundries · rose · percentage · +4%”
“Micron Technology · rose · percentage · +4%”
“Applovin · climbed · percentage · +6%”
“Merus N.V. · jumped · percentage · +36%”
“Carnival · slid · percentage · -4%”
“U.S. pending home sales · climbed · percentage · +4.0% m/m in August”
“Cleveland Fed President Beth Hammack · said · forecast · remain above target for probably the next one to two years”
