U.S. futures falter after government shutdown averted - what's moving markets
Investing.com -- Futures faltered on Monday, paring back some earlier gains, after last-minute negotiations between lawmakers on Capitol Hill over the weekend led to a surprise short-term funding deal that averted a U.S. government shutdown. Elsewhere, UAW workers and Mack Trucks forge an agreement to avoid a strike, while the World Bank cuts its growth forecast for China's economy next year.U.S.
However, the indices are up for the year, highlighting the strength of a rally several months ago that was driven by soaring enthusiasm for generative artificial intelligence. The broadly unexpected agreement forged on Capitol Hill over the weekend will keep the government open until November 17, but does not include additional money for Ukraine on top of the $113B that has already been approved since the outbreak of hostilities with Russia.
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