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U.S. stocks appear set for a cautious opening on Thursday, as investors remain watchful with the United States government shutdown entering its second day. This is the first U.S. government shutdown in almost seven years.
U.S. Treasury Secretary Scott Bessent said in an interview on Thursday that the government shutdown could hit the country’s gross domestic product (GDP). “This isn’t the way to have a discussion, shutting down the government and lowering the GDP. We could see a hit to the GDP, a hit to growth, and a hit to working America,” Bessent said.
While Dow Jones futures were down by 0.08% at the time of writing, the S&P 500 futures gained 0.28%, while the tech-heavy Nasdaq 100’s futures rose 0.57%. Futures of the Russell 2000 index were up by 0.5%.
Meanwhile, the SPDR S&P 500 ETF (SPY) was up 0.29% at the time of writing, while Invesco QQQ Trust (QQQ) rose 0.6% on Thursday morning. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.
Asian markets ended Thursday’s trading session on a positive note, with the KOSPI leading with gains of 2.63%, followed by the Hang Seng at 1.58%, the TWSE Capitalization Weighted Stock index at 1.5%, and the Nikkei 225 at 0.86%.
The Shanghai Composite was closed for trading on account of China’s National Day.
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