Investors weighed two major developments out of Washington: a significant step toward ending the record-long government shutdown and a surprise stimulus proposal from President Donald Trump.
A key vote took place in the Senate on Sunday to advance a funding bill aimed at ending the 40-day government shutdown.
Meanwhile, Trump announced a proposal for a "$2,000 tariff dividend" in a social media post on Sunday; however, Treasury Secretary Scott Bessent suggested any dividend may arrive through other means rather than checks in the mail.
The 10-year Treasury bond yielded 4.13% and the two-year bond was at 3.59%. The CME Group's FedWatch tool‘s projections show markets pricing a 64.9% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.42%
S&P 500
0.97%
Nasdaq 100
1.52%
Russell 2000
1.11%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Monday. The SPY was up 0.98% at $677.52, while the QQQ advanced 1.52% to $619.02, according to Benzinga Pro data.
Stocks In Focus
Occidental Petroleum
Occidental Petroleum Corp. (NYSE:OXY) rose 0.70% in premarket on Monday as it is expected to post quarterly earnings of 52 cents per share on revenue of $6.68 billion after the closing bell.
Benzinga’s Edge Stock Rankings indicate that TSLA maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are available here.
Viasat
Viasat Inc. (NASDAQ:VSAT) jumped 13.21% after it posted earnings of 9 cents per share on sales of $1.141 billion for the second quarter
VSAT maintained a stronger price trend over the short, medium, and long terms, with a poor growth ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
