Stock Futures Rise As Senate Meeting On Government Shutdown, Tech Earnings In Focus

• On Sunday, Treasury Secretary Scott Bessent indicated that the government could restart SNAP benefits as soon as this week in an interview with Jake Tapper from CNN's “State of the Union.”
• According to a Bloomberg News report, the federal government shutdown this year could break the 35-day record set in U.S. President Donald Trump’s first term.
• The market is also looking for earnings from technology companies such as Palantir Technologies and ON Semiconductor.

U.S. stocks are set to open higher on Monday, with investors focusing on the Senate, which is scheduled to reconvene at 3 p.m. ET, as the government shutdown enters its 34th day. 

According to a Bloomberg News report, the federal government shutdown this year could surpass the 35-day record set in U.S. President Donald Trump’s first term and become the longest-running shutdown in U.S. history. The report noted that the Senate had adjourned on Thursday for a long weekend.

Key Topics In Focus During Shutdown

A federal judge in Rhode Island reportedly issued an order on Friday blocking the Trump administration from halting payments for Supplemental Nutrition Assistance Program (SNAP) benefits during a U.S. federal government shutdown.

SNAP benefits were suspended during the ongoing federal government shutdown, with the Trump administration being sued by governors and attorneys general from 25 states in the U.S. District Court in Massachusetts for “illegally” suspending them.

On Sunday, Treasury Secretary Scott Bessent indicated that the government could restart SNAP benefits as soon as this week in an interview with Jake Tapper from CNN's “State of the Union.”

The shutdown has also resulted in several flights being delayed due to staffing shortages among air traffic controllers in the country. As of Monday morning, around 624 flights were delayed within, into, or out of the United States, according to FlightAware

Wall Street Trading Higher

The S&P 500 futures rose 0.26%, while the tech-heavy Nasdaq 100’s futures increased 0.55% at the time of writing. However, Dow Jones futures were down marginally in premarket trade.

The market is also looking for earnings from technology companies such as Palantir Technologies and ON Semiconductor.

Meanwhile, the SPDR S&P 500 ETF (SPY) was up 0.32% at the time of writing. Invesco QQQ Trust (QQQ) rose 0.68% in the premarket on Monday, and the SPDR Dow Jones Industrial Average ETF Trust (DIA) remained flat. 

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