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Benzinga
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Stock Market Today: Nasdaq, S&P 500 Futures Rise As Government Enters 2nd Week Of Shutdown—Plug, Lithium Americas, UiPath In Focus

1. U.S. stock futures rose following mixed moves last week. 2. Government shutdown likely to last until mid-October, affecting economic data. 3. FedWatch tool shows 94.6% probability of interest rate cuts in October. 4. S&P 500 advanced about 1.1% last week, suggesting healthy market sentiment. 5. Bitcoin's rise to $125,000 could indicate a shift in investment focus.

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FAQ

Why Bullish?

Despite the government shutdown, historical trends show resilience in market performance. The S&P 500's advance last week suggests potential upside momentum for IVV.

How important is it?

The overall market sentiment, reflected by rising futures and S&P 500 performance, is crucial. A stable outlook on interest rates could propel IVV higher.

Why Short Term?

The immediate effects of rising futures and potential Fed rate cuts could impact IVV's price in the coming weeks. The shutdown's effects could be more pronounced after economic data releases.

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